But protection fund ‘very unlikely’, says minister for social and family affairs
Martin Frawley
Publication date:
24 June 2009
Nine out of 10 defined benefit pension schemes in Ireland do not meet the legally required funding standard, according to the chief executive of the Pensions Board, Brendan Kennedy.A small number of schemes do not even have sufficient assets to meet the liabilities of current pensioners, Kennedy added, speaking last week at the launch of the Pensions Board’s annual report for 2008.
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