Labour Court to begin hearings into BoI pension dispute

The Labour Court is due to begin hearings today into the dispute over the introduction of a new pension scheme at Bank of Ireland.

The bank has decided to close off its defined-benefit scheme to all new staff and instead offer them a new "hybrid" pension.

Unions are vehemently opposed to the move, which they say will create a two-tier system.

Five hundred members of the Amicus trade union are already planning industrial action in the coming weeks.

However, the IBOA, which represents around 8,000 Bank of Ireland staff, has decided to hold off of any strike plans pending the outcome of the Labour Court case.

More on this topic

Men claim €433 in pension payouts as women only get €280Men claim €433 in pension payouts as women only get €280

Irish pension funds told to 'diversify and de-risk over the coming year’Irish pension funds told to 'diversify and de-risk over the coming year’

Joan Burton facing No Confidence motion after 'blatant cronyism'Joan Burton facing No Confidence motion after 'blatant cronyism'

OECD: Pensions system should be simpler, fairerOECD: Pensions system should be simpler, fairer

More in this Section

Revenues up at CervicalCheck suit lab firmRevenues up at CervicalCheck suit lab firm

'Taken Down' and 'Operation Transformation' overseas sales help RTE commercial arm increase profits'Taken Down' and 'Operation Transformation' overseas sales help RTE commercial arm increase profits

Online tutoring service aiming to help families who can't afford grinds to scale up operationsOnline tutoring service aiming to help families who can't afford grinds to scale up operations

Protesters climb onto North Sea oil platformsProtesters climb onto North Sea oil platforms


Lifestyle

Fiann Ó Nualláin follows in the footsteps of the Fianna as he explores a province’s hills and vales.Munster marvels: Plants that are unique to a province

Cupid must be something of a motoring enthusiast, as he had most definitely steered his way in the neighbourhood when Amie Gould and Shane O’Neill met at the Rally of the Lakes 12 years ago.Wedding of the Week: Cupid steers couple to right track

When it comes to podcasting, all it takes is one idea — and who knows where it can take you.Podcast Corner: Crimes and creatures rule at Cork’s first podcast fest

Claymation meets science fiction in this enchanting film, writes Esther McCarthy.Latest Shaun adventure is out of this world

More From The Irish Examiner