Union ballots members over contribution to AIB scheme

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IRELAND - The union representing Allied Irish Banks (AIB) employees is balloting staff on whether some members of AIB defined benefit scheme should start making contributions to the plan, an Irish Bank Officials' Association (IBOA) spokesman confirmed.

A review of the crippled scheme - which IBOA believes has now a deficit of approximately €1.5bn (US$2.1bn) - was carried out last year by independent mediator Kevin Foley, a recently retired member...

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