Pensioners protest over cuts in payments to them

PORT of Cork pensioners protested outside the company’s headquarters yesterday over cuts in their pensions.

A group of 15 pensioners of the state commercial company, which recorded a €2 million profit last year, urged the company’s board to engage with them on the issue.

The Finance Act, which was signed in to law in June 2011, introduced the Government Pension Fund Levy — an annual stamp duty levy of 0.6% on the market value of assets held in pension funds in Ireland from 2011 to 2014.