AIB’s pension fund deficit has plummeted from €940 million to €250 million in the space of just six months, new figures show.
The fall brings the size of the deficit to levels not seen for four years and comes in advance of the bank, under chief executive Eugene Sheehy, agreeing a new deal on pensions with staff.
The deficit relates to AIB’s defined benefit pension arrangements, which guarantee staff a pension based on...
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