The government has given them one year to improve their financial situations, which has been hit hard by low interest rates bas. Pensions payments are then likely to shrink.
The Établissement de Retraite additionnelle de la Fonction publique (ERAFP), the first French public pension fund, will be divesting from companies whose turnover from thermal coal-related activities exceeds 10% of the turnover.
Pension fraud victims could lose 22 years of savings within 24 hours, stated an analysis by the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR).

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