Nokia transfers pension liability

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FINLAND - Nokia Pension Fund is to transfer the statutory pension liability of Nokia and Nokia Siemens networks in Finland to the pension insurance companies Ilmarinen and Varma in March 2008.

At the end of 2007, Nokia Pension Fund's (Nokian eläkesäätiö) total statutory pension liability to be transferred was expected to be approximately €1.2bn (US$1.7bn). In a statement, Nokia said t...

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