IRELAND - The National Irish Bank is to transfer all members of its defined benefit (DB) scheme to its existing hybrid pension plan.
Under the changes, which come into effect from January 1, 2011, member contributions will increase from 2.5% to 5%, while the bank will contribute 15% a year. The bank will pay staff a cash lump...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date