http://www.irishexaminer.com/ireland/taxpayers-to-plug-euro267m-fas-pension-deficit-133181.html
Why did we bring in this legislation?
FÁS has a massive €267 million hole in its pension fund which will now have to be paid for by the taxpayer under rules introduced last year to guarantee semi-state pension pots.
Separate figures released to Deputy Naughten show the extent of problems facing universities, with pension deficits reaching almost €790m in five colleges, even though some staff were allowed to retire on enhanced pensions.
The pension fund of UCC has liabilities of €143.9m, UCD’s fund has deficits of €101.5m while NUI Galway’s pension pot has a €132.3m hole.
The pension fund of UCC has liabilities of €143.9m, UCD’s fund has deficits of €101.5m while NUI Galway’s pension pot has a €132.3m hole.
Why did we bring in this legislation?