The funded level of S&P 1500 pension plans remained flat in August, resulting in a $213 billion deficit.

According to Mercer's latest data, the funded ratio of these plans remained at 89 percent, which is 15 percent higher than it was at the end of 2012.

Equity markets saw losses during the month with the S&P 500 index falling 3.1 percent and the MSCI EAFE falling 1.6 percent.

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