UCC bought private college without liability for pensions

Ireland“University College Cork acquired a private business college without picking up the tab for its pension scheme, which previously had a deficit of more than €10m. The takeover of the Irish Management Institute (IMI), in Dublin, late last year, has raised concerns within UCC, and senior management were quizzed on it by the Dáil Public Accounts Committee (PAC) in late March …” (more)

[Niall Murray, Irish Examiner, 10 May]

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