IBEC welcomes hike in pensions cover

Updated: 19:41, Tuesday, 7 September 2004

The employers' body, IBEC, has welcomed the increase in pensions coverage announced today by the Central Statistics Office.

The employers' body, IBEC, has welcomed the increase in pensions coverage announced today by the Central Statistics Office.

IBEC says the 1.2% increase is significant given the difficulties in pensions funding which many employers are facing at present.

Today's figures show that more than 59% of employees aged over 30 are now in occupational pension schemes.

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