Pension plans sponsored by S&P 1500 companies have hit their highest funding levels since October 2008.
Funding ratios increased to 88 percent in June, up 14 percent since year-end 2012, according to a report from Mercer.
Further highlighting a positive six months for the sector, Mercer estimated 15 percent of plan sponsors had assets in excess of pension obligations as opposed to only 4 percent in December 2012.
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