Defined-benefit pension fund of the SIMI being wound down
The defined-benefit pension fund of the Society of the Irish Motor Industry is being wound down after the economic crisis wiped out dozens of car dealerships whose employees were members of the scheme.
The defined-benefit pension fund of the Society of the Irish Motor Industry, the representative body for the Irish motor trade, is being wound down after the economic crisis wiped out dozens of car dealerships whose employees were members of the scheme.
According to Alan Nolan, SIMI's director general, the scheme's trustees decided to wind the fund down in January after its membership had dwindled to a fraction of its previous size.
''The fund ...
