The majority of Irish Defined Benefit Pension Schemes, which guarantee final benefit are insolvent, according to a report published Thursday.
Related posts:
- Defined benefit pension schemes will disappear from the UK this decade
- Up to 80% of Irish defined benefit schemes now closed to new members; Ó Cuív TD announces deadline for submission of recovery plans extended
- IBEC says Irish pension funding rules should be relaxed in response to “extremely volatile” market conditions
- Irish National Pension Framework: Retirement age to be raised eventually to 68; New mandatory “auto-enrolment” pension to be introduced in 2014
- Irish companies have reduced balance sheet pension liabilities by more than €2bn