State to cover €1.3bn pension deficit

The state will be picking up a €1.3 billion tab to plug the holes that have been made in the pension schemes of state agencies such as training authority Fás and the leading universities.

31st October, 2009

The state will be picking up a €1.3 billion tab to plug the holes that have been made in the pension schemes of state agencies such as training authority Fás and the leading universities.

The Sunday Business Post has learned that the taxpayer will be picking up the tab for the €355 million hole in the Fás pension fund, the €309 million hole in the Trinity College Dublin pension fund and a further...

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