State schemes see funding level improve

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US - US state pension funds saw their funding levels improve by four percentage points in 2010 to 69% while asset growth outpaced a growth in liabilities, according to a survey by Wilshire Associates.

"This improvement in funding ratio reflects the U.S. economy's ongoing recovery from the global market dislocation events of 2007 and 2008, and the resultant recession that economists declared ende...

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