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The Cashier Wins, the Pension Freezes, the State Pays.
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PKs manage 213 billion in real estate – financed by insured persons. Pensioners who made this possible do not benefit from the increase in value. Institutional investors, above all pension funds and insurance companies, have long since become the largest owner group in the rental housing market in the canton of Zurich. Every fourth franc of Swiss pension funds is in real estate. Swiss pension funds have achieved 60 percent increase in value over…
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