Siptu set for talks with Rehab over pension crisis

What the Rehab Group intends to do for approximately 800 employees left with a 15% pension deficit following closure of a defined benefit (DB) scheme will top the agenda at talks later this week between Siptu and trustees of the group.

Siptu is seeking an increase in the company’s current pension contribution of 6% following the loss of the DB scheme, which closed in December 2012.

The argument for an increase is against the backdrop of recent revelations Rehab Group chief executive Angela Kerins is paid a salary of €240,000 while 12 senior managers earn more than €100,000 a year.