RWE transfers retirees

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GERMANY - Energy firm Rheinisch-Westfälisches Elektrizitätswerk (RWE) has set up a pensionsfonds for its retired staff, according to MandateWire.

A sum of €4.6bn (US$7.34bn) was transferred from the previously €7.9bn (US$12.6bn) contractual trust arrangement (CTA) to RWE Pensionsfonds in November. The annual report 2007 stated: "RWE trans...

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