Ireland's pensions regulator is using an accounting loophole to make the gold-plated public sector pension plan for its own employees look like the kind of unguaranteed scheme that most private sector workers have to pay into to fund their retirements.
Using a controversial provision contained in pension accounting rules, the Pensions Board is classifying its own defined benefit retirement plan as a defined contribution scheme in its accounts, despite the fact that its benefits are...
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