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Robust voluntary contributions, made as sponsors sought to write them off against the previous corporate tax rate and before rising rates to the Pension Benefit Guaranty Corp. variable premiums set in, masked what would have an even worse fourth quarter for pensions. (Photo: Shutterstock)

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.

Nick Thornton

BenefitsPRO

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