The financial commission of the Swiss national assembly, Nationalrat, has agreed to a €860 million bailout for the pension fund of Swiss federal railway company, SBB, IPE reports. The bailout comes as the commission believes SBB will not be able to recover on its own.
The main financial load will be carried by the SBB pension fund and its members as per the bailout plan. The government, in March 2010, granted the underfunded pension fund $1.22 billion in financial aid.
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