Public plans see funding levels fall by 18 percentage points in 2008

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US - Public pension schemes saw their funding positions deteriorate significantly in 2008, according to a new report by Wilshire Consulting.

The latest annual study covered 104 city and country retirement systems and estimated the average funding ratio - ratio of assets to liabilities - had declined from 99% in 2007 to 81% in 2008. O...

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