Swiss state pension in line for CHF7bn windfall

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SWITZERLAND - The House of Representatives accepted a proposal today to direct proceeds of CHF7bn (e4.5bn) arising from the sale of national bank gold into the country's state pension scheme, AHV.

The proposal accepted is an interim decision relating to profits of CHF21bn which were generated by the sale of 1300 tonnes of gold by the national bank (BNS). Before the decision can be impleme...

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