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Trustees of CIE pension scheme could face prosecution
Updated / Thursday, 29 Apr 2021
16:49
CIE Group Chair Fiona Ross told an Oireachtas Committee that its total pension deficit across both schemes stood at €975 million at the end of last year
Industry and Employment Correspondent
The Pensions Authority has warned the trustees of a CIE pension scheme that they could face prosecution if they fail to submit a funding proposal to address the deficit in the scheme by 22nd June.
It has also told them that it is considering using its statutory powers to unilaterally cut members benefits under the scheme if a proposal is not received within that eight week period.
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