ESB should keep deal

Regarding Paul Mills’ recent article, (Business, Nov 28) the facts are: ESB management and unions agreed in 2010 re the pension ‘hole’.

Management agreed to cover a third of the deficit and the worker covered two-thirds, by way of reduced pensions (retire on average pay, rather than pension based on final year’s salary). The agreement states: “the pension will continue as a defined benefit scheme”. In the 2010 annual report, ESB stated that it was a defined contribution scheme.

Paul is wrong to say “Mr Ogle demands that the Government make up the shortfall, while his workers do not want to put anymore into the pot.” Workers going to court is a waste.