Pension plan funding hit a two-year high in May, with companies responding to a Mercer survey reporting their plans were 86 percent funded.
That's the highest level since June 2011, when companies reported their plans were 86 percent funded. In April, the funding level clocked in at 80 percent.
The survey includes companies in the S&P 1500.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
