Tag: pensions
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Press releaInflation-proofing PPF pensions would return thousands to pensioners at no taxpayer costs
400,000 pensioners lose out as pension contributions before 1997 are not inflation-proofed despite pension funds having a £14.1 billion surplus Unite has called on the government to use surplus reserves in the Pension Protection Fund (PPF) and Financial Assistance Scheme (FAS) to inflation-proof pensions. The two funds were set up by government to cover defined-benefit (final salary) pensions at companies which went bust. Under current rules in both funds,…
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Irish Life pensions dispute: Unite seeks referral to Labour Court following overwhelming rejection of WRC proposal
November 25th: Unite members working for pensions provider Irish Life have voted by 78 per cent to reject a proposal from the Workplace Relations Commission in respect of the long-running pensions dispute. The dispute, which involved two 24-hour stoppages earlier this year, centres on Irish Life’s unilateral decision to close the workers’ Defined Benefit pension…
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Parties urged to amend forthcoming pensions legislation to protect healthy DB schemes
Call comes as Irish Life seeks to close staff DB scheme Union warns 100,000 people vulnerable to unilateral DB scheme closures May 14th: Unite, which represents workers in pensions giant Irish Life, today called on all political parties to cooperate to amend forthcoming legislation to ensure that healthy Defined Benefit pension schemes are protected from…
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Irish Life: Decision to close pension scheme down to greed rather than need
Jackie Pollock says workers backed by Unite strike fund amounting to tens of millions April 24th: Speaking on the Irish Life picket line in Dublin today, Unite Regional Secretary Jackie Pollock said the decision by Great West Lifeco and Irish Life management to close the workers’ healthy Defined Benefit pension scheme had “nothing to do…
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Irish Life dispute: Second strike day set for April 24th
Irish workers squeezed as Great West Lifeco dividends rise Union challenges company to explain why Ireland singled out for scheme closure April 19th: Unite today announced that a second day of strike action at Irish Life will take place on Tuesday April 24th. The dispute centres on the company’s unilateral decision to close the workers’…
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Irish Life workers set to strike on Thursday in defence of pensions
24-hour stoppage follows decisive vote for action April 10th: Close to 800 Unite members in Irish Life will be taking strike action on Thursday (April 12th) in a dispute centred on the company’s unilateral decision to close the workers’ Defined Benefit pension scheme as of June 30th without the union’s agreement. The stoppage will last…