An Post pension liabilities rocket

PENSION liabilities at An Post rocketed to €582.3 million at the end of 2008, up from €114.3m a year earlier, the company’s annual report reveals.

And pre-tax profits at An Post have plummeted by more than €10m to €39.89m in 2008 from €49.417m in 2007, the fifth

consecutive profitable year for the State-owned postal system.