Universities set to improve pensions

“Universities are expected to take advantage of Government plans to acquire their pension fund assets to significantly improve the pension position of some staff. The Government has indicated it intends to take the assets of a large number of independently funded semi-State pension schemes – including those at most of the universities – into the exchequer. This will provide the Government with a windfall of up to €4 billion, according to sources within the pension industry …” (more)

[Dominic Coyle, Irish Times, 27 August]

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