Miners’ pensions to be cut by 10%

FORMER Tara Mines workers have been told they must accept a cut in their pensions of up to 10% due to the Government’s new pension levy.

According to trade union SIPTU, in recent days 267 Tara Mines pensioners have received a letter from the trustees of the Tara Mines pension fund telling them that, due to the introduction of the 0.6% levy on private occupational pension funds, they must choose to accept either a 10% cut in their pensions for the next four years or a permanent reduction of 2.5% for the rest of lives.

The pensioners have called on the Government to prevent the attempt to cut their entitlements.