Irish DB schemes to reduce benefits

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IRELAND - Over 40% of defined benefit schemes' sponsors indicated they are considering reducing member benefits in a bid to shore up funding deficits, a survey by PricewaterhouseCoopers (PwC) revealed.

Respondents said they could impose salary freezes, remove pension increases and/or cease future service benefits. In particular, 20% of survey participants said that they are winding up or are cons...

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