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Scheme deficits drop

PENSION deficits in Ireland's biggest scheme fell to €5.3bn at the end of March.

Figures released yesterday by Attain Consulting show that the total accounting deficit of defined benefit pension schemes of Irish- based plcs quoted on the Irish Stock Exchange and the 11 largest semi-State companies with funded pension schemes, has dropped from the all-time low of €13.3bn in September 2010.