Arnotts, on Dublin's Henry Street, employs 1,200 people. Staff must be with the company for two years to receive the windfall, while those who are not members of the pension scheme will miss out.
But all former staff members who are members of the scheme will benefit, with the windfall likely to be distributed on the basis of members' contributions.
Interesting - thanks MMilken. I thought that it might be something peculiar to DB schemes or something like that. Wonder why the SKY report was circumspect about the taxation issue?
Why are the shareholders getting it. Would have been nice to buy some shares there in the last week or so.
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