Belgium ponders US style PBGC

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BELGIUM - The Belgian authorities are considering setting up a compensation scheme along the lines of the Pensions Benefit Guaranty Corporation (PBGC) in the US or the Pension Protection Fund (PPF) in the UK.

There have been calls from some sections of the industry to establish such a scheme following the introduction of the new law on supplementary pensions which imposes a guarantee of 3.25% on all DC ...

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