There’s little dispute that 2013 was a banner year for the sponsors of defined benefit pensions. At this time last year, almost half of DB pensions were less than 80% funded and about 15% were less than 70% funded. Today those numbers stand at 6% and 2% respectively, according to global human resources consulting firm Mercer. But the damage has been done. After more than a decade of attempting to manage massive pension deficits, many DB plan sponsors are [...]