IBEC urges Govt to address concerns over pension levy

IBEC is urging the Government to address employers' concerns in relation to the levy being introduced on pensions funds.

IBEC is urging the Government to address employers' concerns in relation to the levy being introduced on pensions funds.

The measure was outlined last week in the coalition's jobs initiative.

It has sparked criticism from some corners, but the Tánaiste Eamon Gilmore said last weekend that it is a temporary measure and the funds had benefited from advantageous tax arrangements in recent years.

But Brendan McGinley of employers body IBEC says further assurances need to be given.

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