AIB ordered to carry out pension scheme review

An industrial relations tribunal has ordered AIB to conduct a root-and-branch review of its pension scheme to address potential shortfalls in contributions.

11th March, 2006

An industrial relations tribunal has ordered AIB to conduct a root-and-branch review of its pension scheme to address potential shortfalls in contributions.

The tribunal, which was chaired by the Labour Relations Commission’s (LRC) head of conciliation, Kevin Foley, told AIB to immediately review its defined contribution pension scheme, which affects about 50 per cent of staff, and recommend changes before the end of June.

The review will deal with the level of contributions required...

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