The average funded status for corporate defined benefit retirement plans peaked at 91 percent by the end of September last year, bolstered by strong year-to-date gains in equity markets and a wave of employers' voluntary contributions in light of cuts to corporate tax rates.
That marked a 5 percent increase in plans' funded status from the end of 2017, a 10 percent increase since 2016, and the highest level of pension funding seen since the financial crisis, according to a report from Goldman Sachs Asset Management.
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