The funded status of defined benefit pension plans in the U.S., Canada and the Netherlands has declined since the end of 2011, according to new data from Mercer, but the United Kingdom’s DB plans have seen some improvement.

The funded status of the Netherlands fell from 96 percent to 80 percent due to drops in the discount rate used to measure pension liabilities. The Netherlands isn’t alone, Mercer said. Multinationals with pension obligations in Germany and Ireland also will be facing larger liabilities.

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