Monday June 1, 2020

Pensioners to lose some pension protection under new proposals

A package of measures that could see pensioners lose some of the protection they now enjoy for their retirement funds has been approved by the government.

19th November, 2013
“These measures are about fairness," said Joan Burton.

A package of measures that could see pensioners lose some of the protection they now enjoy for their retirement funds has been approved by the government.

Minister for Social Protection, Joan Burton said in a statement that the package addresses the situation where an underfunded defined benefit pension scheme winds up in deficit or elects to restructure. Currently, pensioners receive all or almost all of the pension fund and the members who have contributed but...

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