The Irish Bank Officials' Association says it has responded to an invitation from the Labour Relations Commission to begin talks with Bank of Ireland over the bank's plans to introduce a new pension arrangements for new staff.
The bank has been in dispute with both the IBOA and Amicus over its decision to replace its defined benefit pension scheme with a new mixed scheme which unions have described as 'inferior'.
Last week, the Labour Court recommended that management and both unions enter into an intense talks process at the Labour Relations Commission lasting no longer than three months. Bank of Ireland said last week it was prepared to enter the talks.
Today IBOA general secretary Larry Broderick said the union believed the LRC process 'provides an opportunity to address the pensions issue in a meaningful and responsible manner'.
The LRC talks are due to start on February 15.
