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Retirement Financial Update: August 2020
River and Mercantile Solutions 
Aug. 10, 2020 "Pension interest rates tumbled another 0.40%, bringing the year-to-date decline to almost a full 1.00%.... [L]iabilities for most plans will have increased substantially during 2020.... While asset allocation plays a role, most plans probably saw their funded status stay the same over the month of July; however, due to the drop in interest rates this year, funded status has most likely deteriorated year-to-date." MORE >> |
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