Pension fund shortfall of €7.5m for INMO

The organisation contributed €1 million to the scheme in 2014

Susan Mitchell

Deputy Editor and Health Editor @susmitchellsbp
6th December, 2015
INMO general secretary Liam Doran

The Irish Nurses and Midwives Organisation (INMO) had a pension fund shortfall of €7.5 million at the end of last year.

The defined benefit scheme, which promises staff a guaranteed income in retirement, has liabilities of €21.3 million. The total market value of its assets stands at €13.7 million, leaving a hole of €7.5 million.

The organisation contributed €1 million to the scheme in 2014, according to its annual accounts.

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Children prescribed adult doses of drugs at Kerry mental health centre

Patients with rare diseases urge Dáil to pass law on orphan drugs

Health Daniel Murray 2 days ago

Contractor’s claims against children’s hospital could add €446m to project

Health Donal MacNamee 2 weeks ago

Spunout.ie to relaunch with new look