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...

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