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Pension plan funded status has come a long way since the ravages of the financial crisis and today stands near a seven year peak. For plans that have not started down the de-risking path, now may be the time to begin locking in gains. Heading into 2008, most pension plans were healthy and overfunded. By the end of that climactic year, the average plan had been devastated by a “perfect storm” of increasing pension liabilities (from falling interest rates) and falling asset values. Having been burned in 2008, wise pension sponsors are taking a “never again” approach to protecting their plan’s funding.