PFZW halves planned pension increases

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NETHERLANDS - Pension fund manager Pensioenfonds Zorg en Welzijn (PFZW) has halved its planned pension increase in 2010 and increased contributions for the coming year.

Managing director Peter Borgdorff said despite its 105% funded ratio, increased life expectancy has taken a toll on the long-term strength of the pension fund. The new indexation amount is 0.72% fo...

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