The funded status of the Russell 3000 pension plans increased by more than 17 percent in the past year to 94 percent, according to J.P. Morgan Asset Management.
The company estimates that the funded status of these plans will increase to 96 percent by the end of December 2013, driven by strong growth asset returns and a decrease in the discounted value of liabilities.
According to J.P. Morgan, in the past year, one plan in five went from underfunded to overfunded. In 2007, before the economic crisis hit, one-quarter of U.S. pension funds were overfunded, but J.P. Morgan believes that these plans are even healthier now than they were back then.
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