Iceland's pension burden "negligible" - Oddsson

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ICELAND - The impending burden of pension payments on the Icelandic treasury will be negligible compared to most other industrialised countries thanks to the pension system's remarkably strong economic position, said Central Bank of Iceland board of governors chairman Davíô Oddsson.

Total assets of Icelandic pension funds were equivalent to 120% of GDP at the end of 2005, and a recent study found pension fund assets could peak at more than double the value of GDP.By contrast, ...

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