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!
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