Comment: The warped priorities of Irish banks' pension schemes
There is a gross injustice over who gets what from banks' defined benefit schemes, writes Michael Murray.
As most of the Irish banking sector is now in state hands, one of the many challenges ahead for the government is to decide how - and to what extent - the enormous deficits in the banks' defined benefit pension schemes can be filled, or shrunk. Taking all the state-supported banks together, these holes are several billion euro deep. At present, the taxpayer is helping to fill them.
Independent journalism every day
With digital access you can read The Business Post whenever, wherever, and however you want.
- Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
- Breaking news, comment and analysis from the best Business Post writers seven days a week.
- Live blogs of major news events
- Videos and podcasts from some of the industry's most respected journalists such as Tom Lyons, Susan Mitchell and Ian Guider
- Access to The Business Post's extensive archive