Coillte Teoranta pension hearing date set

A hearing date has been fixed next month for an action over a €23 million deficit in the pension scheme of State forestry body Coillte Teoranta affecting 2,000 people.

Mr Justice Peter Kelly set July 15 for the commercial court hearing, in which the scheme trustees are claiming €23m judgment against Coillte, after being told yesterday there is still no legally binding agreement in place to tackle the deficit.

Brian O’Moore SC, for the trustees, said the matter had dragged on for half a decade but, since the court proceedings were taken last March, progress was achieved.