Labour TD calls for bankers' pay and pensions to be tackled
Labour Party TD for Dublin North Brendan Ryan says the Irish public “will not stand for further cuts in education or other frontline services”.
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Labour Party TD for Dublin North Brendan Ryan says the Irish public “will not stand for further cuts in education or other frontline services”.
ESRI research shows companies contribute an average of €100,000 for top executives compared to just €2,700 for other employees.
Sinn Féin Senator Trevor Ó Clochartaigh said the government is doing “untold damage” to the future of the Gaeltacht.
The Tánaiste’s comments follow the release of figures that show six current executives at the former Anglo Irish Bank earn over half a million euro a year.
All pensions over €100,000 a year should be subject to a levy of 10 per cent, rising to 25 per cent on pensions over €500,000, says Colm Keaveney TD.
Enda Kenny says the AIB chief has written to former executives, asking them to recall their ‘moral responsibility’.
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A Department of Social Protection report says costs levied by pension companies can take huge chunks off their value.
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Efforts to resolve the €748 million deficit in the pensions scheme ended “in disarray” last night, SIPTU says.
The airline said it has put forward proposals as part of the Labour Relations Committee process seeking to improve pension prospects for employees.
Aer Lingus has slammed Siptu, accusing the trade union of releasing “wildly inaccurate details” about the process.
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The employees found out about the shop closure after a phone call on Monday telling them not to come into work the next day.
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There has been no details of work stoppages revealed yet – and any action will not happen until after 1 October.
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The employers’ group says allowing people to access cash from voluntary pension funds could mean a tax windfall.
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A Red C poll commissioned by the Irish Association of Pension Funds says too few young people appreciate how much they’ll need.
Workers are unhappy with proposed changes to their pensions.
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The IBOA says the proposals are not acceptable, but the bank – which holds its AGM today – says costs must be cut.
A proposed new scheme will benefit lower paid public servants, says Minister Brendan Howlin.
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Irish Pensions Board also says it is concerned by the drop in membership of occupational pension schemes.
An ESRI analysis of the Census 2011 data suggests that more than one in ten men aged in their 20s have left Ireland.
Independent News and Media may close pension scheme as AIB says it will.
Staff were informed of the plan in an email circulated today. Perks like gym memberships will also be cut.
That leaves about €4.5 billion in the pot.
Almost one-third of EU citizens will be aged 65 or over by 2060, says EU report.
The country’s top civil servants say more urgency is needed on staffing levels, with some public servants taking on the work of two or three people.
63 per cent of civil servants – including 2,776 who already earn over €70k – are entitled to ‘increments’ this year.
Current commissioner Maros Sefcovic says Padraig Flynn’s pension may be stripped, but only after he is convicted of an offence.
As benefits for the most vulnerable are cut, our system throws money at others who don’t need it, writes Aaron McKenna.