Pension fund shortfall of €7.5m for INMO
The organisation contributed €1 million to the scheme in 2014
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!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Children prescribed adult doses of drugs at Kerry mental health centre
Parents of one child have launched legal proceedings against the HSE and an investigation is under way over treatment of up to 400 children between 2016 and 2020
Patients with rare diseases urge Dáil to pass law on orphan drugs
Three years after a bill on the issue was first proposed, patients say they are tired of agonising delays to accessing life-changing treatments
Contractor’s claims against children’s hospital could add €446m to project
The board of National Children’s Hospital has set aside €15 million to defend 906 claims made by BAM