HSE in €60m pension bailout

Extraordinary steps taken to address a €60m pension deficit that exploded in the voluntary health sector in the last 24 months have been revealed.

The HSE has agreed to provide a series of lump-sum payments to bailout pension plans in the same sector that is currently embroiled in the salary top-ups scandal.

This money was sanctioned to plug escalating deficits arising from the recruitment embargo and the take-up in incentivised early-retirement packages.