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On Thursday 11 March, the trade union Verdi and insurance group Talanx presented a collective agreement to set up a company pension model based on social partnership. Three years after a law bolstering company pensions came into force, this agreement is the first of its kind to implement the provisions of the text. These allow for a model for financing company pensions that offers no guarantee of return and is based in part on riskier and more profitable financial instruments.
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