AIB to meet staff pensions despite deficit

AIB promised to meet all its pension obligations to staff despite the existence of a huge deficit of over 700m in its pension funds.

Outgoing company chairman Lochlann Quinn told yesterday’s agm that the group has always met its obligations to pensioners and would continue to do so.

“We do not have a problem with them. We will meet all out obligations under the pensions plans” he told shareholder Niall Duggan.