New levy on civil service pensions

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IRELAND - The Irish government has announced plans to introduce a new contribution rate for civil servant pension schemes, which could save it €1.4bn (US$1.8bn) this year.

The new contribution rate will be graduated - from 3% of income at the bottom end of the scale (workers earning €15,000 or less) to 9.6% at the top end (workers on €300,000 or more), with a predict...

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