Swiss to adjust state pensions

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SWITZERLAND - State pensions will be adjusted as of January 2007 to reflect the country's economic growth - at a cost of CHF1.09bn (e691m) - the Swiss Federal Council announced.

Retirement pensions are set to increase by 2.8% - from around CHF1 105 per month to a maximum of CHF 2 210. The mark up will result in a CHF630 increase in contributions to be made to the mandato...

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