Monday February 24, 2020

INM winds up pension scheme

Publishing giant’s scheme had seen accumulated shortfall of €23 million over the years

13th November, 2016

Independent Newspapers, the publisher of the Irish Independent and Sunday Independent, has wound up its defined benefit employee pension scheme, which had accumulated a shortfall of €23 million.

In an explanatory note sent to employees, the company said that “following a comprehensive review, the board of the company has written to the trustees of the DB plan advising them of the decision to cease to contribute to the plan”.

Companies around the country...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 1 week ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 1 week ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 1 week ago