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Canton of Zurich To Put €1.7B Into BVK

The Swiss canton of Zurich will add €1.7 billion to its public pension fund BVK.

The Swiss canton of Zurich will add €1.7 billion to its public pension fund BVK, IPE reports. The €1.61 billion fund will be released from state control in 2014. It is currently nearly 82.6 percent funded.

The fund should reach full funding over the next seven years, as demanded by the federal government in its decree on releasing public funds. The major share of the funds, provided by the government, will come in the form of a loan.

Click here for the story from IPE.

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