Wednesday 22 February 2017

Bankers living on another planet

Published 20/04/2010 | 08:40

SENIOR bankers like Richie Boucher are living on another planet. After all, Bank of Ireland is the same bank that proposed raising the retirement age to 68 to plug a €1.5bn deficit in its pension fund.

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Mr Boucher's €1.5m pension boost is unjustifiable. Moreover, he would have the glory of hanging up his hat at the tender resignation age of 55. To describe the pension award as offensive is a serious understatement.

The recent prospect of increasing retirement age is slave labour in disguise to provide Boucher and his top-cat friends with comfortable lives.

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