AIB workers welcome LRC recommendation on pensions

Bank workers have welcomed a recommendation from the Labour Relations Commission for a new pension scheme at AIB.

Head of Conciliation at the LRC Kevin Foley said the bank should bring in a new scheme to give staff a guaranteed minimum pension on retirement.

Banking unions say the plan would be a significant step towards providing fair pension cover, and should be accepted by AIB.

General Secretary of the Irish Bank Officials' Association Larry Broderick has welcomed Mr Foley's recommendation.