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States staff pension pot down 20%

19 November 08 07:43 GMT

The pension pot for Jersey's States workers has shrunk by almost £240m.

At the start of the year, there was more than £1.2bn in the Public Employees Contributory Retirement Scheme fund.

That fell to about £940m by the end of October - about a 20% drop for the independent pension fund.

But fund chairman Ron Amy said it was still in a good long-term position. He said despite the drop, it was still worth more than it was five years ago.

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