Urgent action is needed to save definedbenefit pens ion schemes which face a struggle with significant increases in funding costs, according to consultancy firm Mercer.
Mercer said Irish defined benefit pension schemes were now at a tipping point, as the cost of funding them had doubled in the last decade due to increases in life expectancy and lower interest rates.
‘‘It is not sustainable to fund pensions on the basis of a yield of 3...
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