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Global equities lost 13 percent in value in Q4, negating most of the largest pensions’ growth in funded ratios for the year. (Photo: Shutterstock)

Sponsors of the 20 largest corporate pension funds entered the fourth quarter in 2018 poised for a banner year, as strong equity markets, rising interest rates, and billions in discretionary cash contributions pushed the aggregate funding level to 90 percent, a level not seen in a decade.

Nick Thornton


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