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Investment Recovery Buoys Pensions

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Strong portfolio returns helped large U.S. defined benefit pension plans overcome a drop in corporate bond yields in September.

The “funded ratio” at a typical plan rose to 67.3% at the end of the month, up from 66.9% at the end of August, according to consultants in the Stamford, Conn., office of Towers Perrin Forster & Crosby Inc.