Falling interest rates pummel funding ratios at PFZW, ABP

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NETHERLANDS - Dropping interest rates knocked the coverage ratio for Pensioenfonds Zorg & Welzijn (PFZW) down to 91% and Stichting Pensioenfonds ABP's down to 90%.

Officials at both warned pension payments could be frozen or reduced if the economic situation continues to deteriorate. In its third quarter results released today, the €103bn ($142bn) PFZW sai...

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