Almost half schemes fully funded

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SWITZERLAND - More than 40% of Swiss pension funds have a coverage ratio of 100% or higher, despite the effects of the global recession, according to the Office féderal des assurances sociales (OFAS).

Using the latest known data from the end of 2008 for almost 1900 second pillar schemes and extrapolating based on market movements and interest rate changes, the OFAS calculated the number of schem...

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