Thanks for that asdfg, v interesting.
I think he does have a union but not sure what sort of lee way he will have to ask his employer for these concessions.
If he maxes out his AVC (think he has about €60k in it at the moment) can he elect to take all of this as his 1.5 times final salary TFLS without reducing his main pension benefits?
As well as asking for additional years, indexation etc, is there any mututal benefical way for him to receive a lump sum if they offer him more than the original €60k? Could the company elect, for instance, to pay €40k into his AVC. They can write it off againt tax and he can take most if not all as part of his TFLS? Instead of him paying 35% of 2007 income into his AVC, could the company pay this as part of his pay off ?
Thanks again