Swiss City Council fund could get CHF350m injection

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SWITZERLAND - The sponsors of the CHF1.09bn (US$0.96bn) Caisse de Pensions de la Commune de Lausanne (CPCL) should inject CHF350m into the heavily underfunded scheme, according to a proposal put forward by the local government.

Mandate tracking service MandateWire reported that it is suggested that CHF290m comes from the municipality of Lausanne, a part of which would become an interest-bearing loan to the municipality, w...

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