Royal KPN pension fund down to 96% funded
NETHERLANDS - Dutch telecom company Royal KPN said its pension funding decreased to 96% at the end of the third quarter in 2011, down 12 percentage points from the previous quarter.
The funded status was down seven percentage points from this time last year because of falling interest rates and unstable financial markets. KPN set a plan in place in 2009 on how to return the coverage...
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