Cowen hoists white flag on Irish public sector pension reform; Pensions bill jumped 56.5% in the period 2004-2009 to €2.0bn
May 7th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Taoiseach Brian Cowen has hoisted the white flag on Irish public sector pension reform and has withdrawn proposals in the so-called Croke Park deal, that were agreed with the trade unions in March. The public service pensions bill has increased by 56.5% in the period 2004-2009 to €2.0bn.