Pension liabilities of the 100 largest corporate defined benefit pension plans fell by $23 billion in August, while assets improved by $11 billion, according to the latest Milliman 100 Pension Funding Index. That brought the Milliman 100 funded status deficit to $498 billion and a 72.4 percent funded ratio.

Even though August numbers showed improvement, they are still well below the 78.7 percent funded ratio of Dec. 31, 2011.

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