Dáil Éireann Debate, Wednesday - 7 November 2012
60. Deputy Michael McGrath asked the Minister for Finance if all current employees of Allied Irish Bank have now been transferred to a new defined contribution scheme; and if he will make a statement on the matter. [49042/12]
View answerI am informed by the bank that staff were advised on the 14th June 2012 of its intention to close the defined benefit schemes to future accrual. Following this announcement the bank commenced a consultation process with unions representing staff in line with agreed procedures. It is currently anticipated that agreement with the unions will be in place before the end of 2012.
