Pension deficits

[Woodpark00]

In these uncertain times I wonder what is the situation where a defined contributions pension scheme is in deficit and the company goes into liquidation. Does the deficit rank as a secured creditor or is there any legal obligation on the liquidator to make up the pension deficit? Can anyone help me on this

 

[LDFerguson]

Are you sure you mean a Defined Contribution scheme and not a Defined Benefit scheme? If you do mean a DC scheme, what circumstances are you referring to? The employer hasn't paid the correct contributions?

 

[Don_08]

Are you sure you mean DC??

If you mean Defined Benefit, then unfortunately there is no debt on the employer in Ireland for pension scheme deficits.