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Thread: Rumours about - PTSB is winding up pension scheme

  1. #1
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    Default Rumours about - PTSB is winding up pension scheme

    Just a rumour, but there is a rumour circulating that PTSB are winding up their pension schemes.

    For those not familiar with pension schemes, that means that a lot of people, specifically those people not yet in receipt of a pension from the scheme - whetther hey be current employees or past employees - are going to lose a significant proportion of the pension they thought they would get on retirement.

    This is no different to losing a chunk of your savings.

    When this goes public it will be front page news.

    To get a feel or the impact, imagine that the government announced that all those expecting a public sector pension would have to take a mandatory 50% cut in their currently anticiapted future pension when they retire.

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    Quote Originally Posted by Trainwreck View Post
    Just a rumour, but there is a rumour circulating that PTSB are going to wind up their pension scheme.

    For those not familiar with pension schemes, that means that a lot of people, specifically those people not yet in receipt of a pension from the scheme - whetther hey be current employees or past employees - are going to lose a significant proportion of the pension they thought they would get on retirement.

    This is no different to losing a chunk of your savings.

    When this goes public it will be front page news.

    To get a feel or the impact, imagine that the government announced that all those expecting a public sector pension would have to take a mandatory 50% cut in their currently anticiapted future pension when they retire.


    Your kind of OP makes me have sympathy for the mods, I feel really sick!


    Real ZOO material!

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    Quote Originally Posted by Tawdy View Post
    Your kind of OP makes me have sympathy for the mods, I feel really sick!


    Real ZOO material!
    Why is it zoo material?

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    All defined benefit pension schemes have to have funding proposals by this summer. You can expect pretty much every private sector defined benefit scheme, under which the trustees cannot force the employer to contribute, to wind up by year end. It's happening across the sector and has been all year.

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    Politics.ie Member drummed's Avatar
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    So the whole story is based on some rumour from an unnamed source and of unknown accuracy? Grand.
    Сохранить Украины

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    Quote Originally Posted by Trainwreck View Post
    Why is it zoo material?


    Have a read of post # 5 from drummed.

  7. #7

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    If this doesn't get zooed or shut down, then I'm going to throw a hissy. At least I quoted a link in my thread that got shut down today.
    Thank you for the six thousand likes.

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    Pension's
    Over-committed:
    New contributors
    Zero
    Income

    (and the State intends to rob 0.6% every year from the pot on top of the outrageous fees)

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    I think my source is reliable and that it has now happened. Past tense. Let's see.


    The implications will be significant for confidence and it could be a watershed event making the same option more palatable to many other companies.

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    Quote Originally Posted by drummed View Post
    So the whole story is based on some rumour from an unnamed source and of unknown accuracy? Grand.
    May as well come from the Sindo.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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