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Ireland's Pensions Law Blog

Tag Archives: minimum funding standard

Inducement exercises – Five common hazards

Posted in Liability management

Two liability management options we are seeing considered more and more frequently by Irish sponsoring employers of defined benefit schemes are pension increase exchange exercises (where members agree to forego an entitlement to increases on their pensions in the future in return for something now, for example, a higher starting flat pension) and transfer out… Continue Reading

Creative DB scheme funding approaches – contingent assets and unsecured undertakings

Posted in Funding, Investment, Pensions Board, Scheme Restructuring

The funding difficulties facing defined benefit schemes in this country at the moment as well as the strengthening of the Pensions Act funding requirements and re-introduction of funding standard deadlines has seen both scheme sponsors and trustees adopt an increasingly more creative approach to satisfying statutory obligations as well as providing a sustainable basis for… Continue Reading

Managing Occupational Pension Schemes in Crisis: 5 things to Consider

Posted in Funding, Scheme Restructuring, Trusteeship

The continuing economic crisis sees those with responsibility for pension schemes faced with a number of complex issues. There are a number of core issues which we are seeing consistently arise. These include the following: Check the Power of Amendment Check Employment Contracts Check the Effect of the Change Conflict, Confidentiality and Consultation Obtain Advice

Grappling with the Pensions Levy

Posted in Funding, Tax

The pension levy was introduced under a seemingly innocuous piece of legislation, the Finance (No.2) Act 2011. The Act, insofar as it provides for the levy, is just 10 pages long.  Less is more?  Not in this case. While the dust hasn’t quite settled on the financial impact of the levy on struggling pension schemes, practitioners are still struggling to… Continue Reading