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Companies Tried to Shortchange Workers on Pensions | Cork News
Big companies tried to sneak employees into skimpy pension plans just before the new MyFutureFund system launched, offering barely any employer contributions and ignoring workers’ contracts. They used last-minute tactics and professional advice to push through these deals, blocking employee input. The government caught on, pressured one major player to back down — pointing out a small increase in contributions wouldn’t hurt financially — and responded by setting new rules: any private plan must match or exceed MyFutureFund’s benefits. Now, employers can’t dodge the real deal with cheap…
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