Pensions insurance vehicle hit by lawsuit

By 2007-09-11T13:00:00

[14:00 CEST 11-09] GERMANY – The Pensions-Sicherungs-Verein (PSV), an association that insures corporate pensions against insolvency, is being sued by some of its employer-members over costs related to its shift from a pay-as-you-go (PAYG) financing model to a capital-backed one.

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