IRELAND - Bank of Ireland's (BoI) pension deficit hit record negative levels at the end of 2009, when it reached €1.6bn (US$2.1bn), the bank's preliminary results for the nine months up to December 31 revealed.
The deficit has been worsening since March 2007 when it stood at €795m due to increased longevity of pensioners, lower interest rates, historically high wage inflation and subdued investment r...
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