Friday, June 23, 2017

Bank employees to launch pension fund.

The Union of Bank Employees in Lebanon plans to launch a pension fund for its employees, said Assad Khoury, the union's Chairman.

The union will finance the fund from employee subscriptions and possible contributions from banks. Khoury said they will negotiate with the banks about their potential contribution to the fund.

"Even if the banks say 'No' we will continue with this venture," he said.

The fund will invest subscription proceeds in various low-risk financial instru...

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