Pensions: RTE warns on pension cut despite fund surplus

RTE's superannuation scheme has warned members that their pensions could be cut - even though the fund is worth €833 million and has a surplus.

6th July, 2013

RTE's superannuation scheme has warned members that their pensions could be cut - even though the fund is worth €833 million and has a surplus.

The trustees said in a risk statement to members issued last month that there was no guarantee that the scheme would have enough funds to pay promised benefits, so pensions "may have to be reduced". Last November, pensions were cut by 0.6 per cent because of the 2011 pension levy.

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