US - Defined benefit (DB) pension plans sponsored by the largest US firms suffered their second consecutive month of record losses - with asset values falling by more than US$130bn last month, Mercer says.
The consultant's latest analysis of DB schemes in the S&P 1500, revealed the aggregate funded status fell from 104% at the end of 2007 to 97% at the end of September - and plummet to 80% at the end...
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