Kennedy urges for long-term funding proposals

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IRELAND - Irish Pension Board chief executive Brendan Kennedy has put out a call to pension fund trustees and sponsoring companies to stop focusing on trying to lower contributions and produce funding proposals that are sustainable over the long term.

Speaking at the launch of the Pensions Board's 2008 annual report and accounts, Kennedy said those proposals would need to be drafted as a matter of urgency in order to meet the deadlines for appro...

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