Bonnielass
Registered User
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- 24
My Dads been working in a well known organisation for the last 32 years (hes 55 now). For at least half of it hes been in managerial positions.
Im not sure what the term is but he was the person in charge of monitoring the pension fund for some of the employees. Anyway throughout the years as one by one various people retired and various companies have taken over the "business", hes now the last one in this particular pension fund. Apparently there is a €30k shortfall in the fund, meaning my Dads pension is short €30k.
This new company are refusing to honour what all of the other companies prior to them have done i.e maintained the integrity of the pension fund.
On top of this, the company are looking for redundancies so to say hes worried is putting it mildly. Im sorry if this is a bit long winded and my terminology isnt great but this is how he told it to me. Basically, are the company bound to honour a pension fund that has been in place loooong before they ever took over or is my Dad unfortunately going to lose the €30k that its owed?
Hes gone to a solicitor (useless and not returning calls) so hes also looking for recommendations of a good barrister that specialises in Labour Law if anyone can help there.
Im not sure what the term is but he was the person in charge of monitoring the pension fund for some of the employees. Anyway throughout the years as one by one various people retired and various companies have taken over the "business", hes now the last one in this particular pension fund. Apparently there is a €30k shortfall in the fund, meaning my Dads pension is short €30k.
This new company are refusing to honour what all of the other companies prior to them have done i.e maintained the integrity of the pension fund.
On top of this, the company are looking for redundancies so to say hes worried is putting it mildly. Im sorry if this is a bit long winded and my terminology isnt great but this is how he told it to me. Basically, are the company bound to honour a pension fund that has been in place loooong before they ever took over or is my Dad unfortunately going to lose the €30k that its owed?
Hes gone to a solicitor (useless and not returning calls) so hes also looking for recommendations of a good barrister that specialises in Labour Law if anyone can help there.
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