Irish semi-state schemes closer to a government guarantee

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IRELAND - The Irish government's tough stance against funding semi-state pension schemes with deficits has softened, as the minister for finance indicated that the government would back the schemes in the event of obligations not being met.

Speaking in the Dail on Wednesday, the minister for finance Brian Cowen, said that he “will ensure that the funds concerned are in a position to discharge their obligations.” Global Pensions fir...

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