The typical U.S. corporate pension plan saw its funding leveldrop to 84.2 percent in August.

Public plans, endowments and foundations weren’t happy campers,either, as they too were caught up in market volatility.

According to BNY Mellon Fiduciary Solutions, the funded statusof the typical U.S. corporate pension plan fell 2.5percentage points, thanks to asset values that fell faster thanliabilities, benefiting from widening credit spreads.

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