Sunday September 27, 2020

Mr Tayto moves to a new pension scheme

Largo Foods is winding up the Tayto Group pension scheme.

Barry J Whyte

Chief Feature Writer

22nd June, 2014
The Tayto Group has waved goodbye to its old pension scheme.

Largo Foods, the maker of Tayto and Hunky Dory crisps, is winding up the Tayto Group pension scheme, which had a deficit of close to €8 million, and has transferred its members to a new defined contribution scheme.

In 2012, the company began a consultation process with the members of the defined benefit fund, which had 330 members – 40 active members, 220 former staff members who had not yet reached retirement age, and 70 pensioners.

The talks, which also...

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