ESB staff express concern over changes to pensions entitlements

Proposed changes to pension entitlements are becoming a key issue for ESB staff preparing to vote on a deal designed to save €140 million in payroll costs.

11th March, 2012

Proposed changes to pension entitlements are becoming a key issue for ESB staff preparing to vote on a deal designed to save €140 million in payroll costs.

Unlike previous severance programmes at ESB, the current voluntary scheme will, if accepted, be pension neutral, the company said.

But trade union sources told *The Sunday Business Post* that, while the deal may be neutral for the overall pension fund, it will have a big impact on the...

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