Lavish pensions for employees at bailed-out AIB

Bank paying three times national average to staff's pension pots

15th June, 2014

State-owned bank AIB is making contributions of up to three times the national average to its employees’ pension pots.

As businesses continue to struggle with a lack of credit from Ireland’s financial institutions, staff at the bailed-out bank, which was rescued by taxpayers after reckless lending left it on the verge of bankruptcy, continue with comparatively lavish pension payments.

AIB, which is 99.8 per cent owned by the state as a result...

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