Glanbia retirees vow legal action over non-payment of pension hike

A group of 40 Glanbia group retirees is threatening legal action against the company over non-payment of a 3.5% pensions increase which they say was agreed in advance of their retirement.

Glanbia says it has not received any legal notice. Overall, there are 2,654 members in Glanbia’s main defined benefit scheme — 903 are employees, 1,015 are deferred members and 736 are pensioners.

The 40 disputing pensioners, whose average age is in excess of 71, are former management and technical personnel with Waterford Foods, which joined with Avonmore in 1997 and formed Glanbia plc.