Following a pattern of trendsetters, the 20 members of the $20 billion club collectively dismissed funding relief and paid more than triple their mandated contributions in 2017. These contributions, in combination with respectable asset returns averaging 13% easily overcame a 45 basis point drop in discount rates used to measure liabilities. The FYE 2016 deficit of $189bn shrunk to $157bn and average global funded status rose from 79.0% to 84.4%.

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