Warning over Irish contributions holiday

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IRELAND - The Irish government has been urged not to take a 'payment holiday' from contributions into the National Pension Reserve Fund (NPRF) due to the worsening economic outlook.

The NPRF was founded in 2001 to fund social welfare and pension obligations after 2025, supported by a legally mandated payment of 1% of GDP a year. Philip Shier, an actuary with Hewitt and pres...

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