AUSTRIA - E-Control, a Vienna-based independent authority related to the energy markets, is looking to join a multi-employer pension fund for the local government staff.
The authority is responsible for monitoring and regulating the implementation of the liberalisation of the Austrian electricity and natural gas markets, and has announced via an official tender its intention to place members in a scheme, adding it estimates it will contribute around €890,000 between 2009 and 2012.
E-Control has appointed Greco is its consultant in the tender procedure.
In the tender notice, E-Control said pensionskassen who want to participate in the tender procedure can apply until November 12.
Greco was involved earlier this year in the tender procedure of the Austrian federal state Salzburg, which put out a notice in a similar move.
A Greco-spokesman told IPE at the time instead of setting up its own pension fund, Salzburg intended to join a pension fund model that can administer the pension contributions and pay out pensions.
If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com
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