Irish plan deficits hit €9bn

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IRELAND - The aggregate pension fund accounting deficit of the top 25 companies quoted on the Irish Stock Exchange and the top state-sponsored bodies totals €9bn (US$13.5bn), a study by Lane Clark and Peacock (LCP) revealed.

LCP said the deficits of the quoted companies has more than doubled to €4.5bn in the last year, while the total pension deficits of the four top state-sponsored bodies - Post, ESB, CIÉ and RTÉ - a...

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