Tens of thousands of people could see their retirement income slashed in 2017, with pension experts predicting that an increasing number of defined benefit pension schemes will offer scheme members enticements to quit the pension scheme.
Defined benefit pensions, which offer a promise to workers from their employer of a specific level of retirement income based on their salary and years of service, are a major cost for employers, and have dwindled significantly in recent years.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team