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KAD's Results Up in 2009 Over 2008 But Still in Red

Ljubljana, 19 March - The state-run Pension Fund Management Fund (KAD) improved its results in 2009 compared to the year before, decreasing its loss from EUR 115.7m to EUR 12.2m. The fund would have ended in the black (EUR 34.6m) if it was not for an additional EUR 49m that had to be provided for the Pension and Disability Insurance Institute (ZPIZ).

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