Mercer puts Irish company pension deficit at e3.3bn

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IRELAND - Ireland's ten largest companies are holding a combined pension scheme deficit of e3.3bn - more than 5% of the market capitalisation of the companies, according to estimates by Mercer HR Consulting.

The deficit, measured using the new accounting standard IAS19 as at December 31, 2004, was up from e1.9bn the previous year. Joyce Brennan, senior consultant at Mercer, said: “This shows that ma...

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