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Shell Dutch pension fund has fallen into deficit

Times Online
The Times

December 13, 2008

Royal Dutch Shell: The oil company’s Dutch pension fund has fallen into deficit as share market turmoil knocked 40 per cent off the fund’s value, forcing the oil major and employees to increase contributions. The fund said that its funding ratio was 85 per cent at the end of November, down from 180 per cent at the end of 2007. A Dutch pension fund manager estimated that the company would need about €2 billion to bring the funding ratio to 100 per cent.

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