Thursday 23 March 2017

Consider pension fund reduction

I NOTE Richie Boucher's assertion that, as his contract changed, his pension fund needed to be funded by an additional €1.5m.

As Mr Boucher is no doubt aware, Bank of Ireland staff across the group are currently being balloted on proposed changes to their various pension schemes in order to address serious deficit issues.

These changes are a diminution of the pension arrangements currently in place.

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