DB funding levels in danger

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IRELAND - More than three-quarters of private sector final salary schemes would not be able meet total pension payments if they were required to do so tomorrow, the Irish Business and Employers Confederation (IBEC) claims.

The trade body has re-iterated its warning that a number of private sector defined-benefit (DB) schemes were in danger and needed to be urgently reformed. IBEC director Brendan McGinty said empl...

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