Pension Fund Problem Despite Pounds 200m Boost

The JournalOctober 06, 2010

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Summary


A COUNCIL pension fund still faces problems despite improvements to its fortunes.

The Conservative Group leader on Northumberland County Council, Peter Jackson, warned the current fund is still only 70% able to meet its liabilities, even though it gained ground substantially after big losses during the credit crunch.

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Extract


Pension Fund Problem Despite Pounds 200m Boost

His warning came after Lib Dem Derek Kennedy last week...

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