Part of the deal for workers at Shannon-based industrial diamond maker, Element Six, was that it offered employees a defined benefit pension scheme.

The story behind the case that concluded in the High Court yesterday will be familiar to Irish workers worried about the risks hanging over money they(...)

In common with many such funds, the Element Six defined benefit scheme ran into trouble over the last decade

The law governing pension trustees revolves around the principle that they must act at all times in the best interests of the scheme and all of its me(...)

More than 100 members of the Element Six defined-benefit pension scheme are suing its trustees for breach of duty arising from their decision to back a company proposal to wind it up in December 2011, specifically for failing to demand the company ensure its liabilities were fully funded. Photograph:  Seán Curtin/Press 22

Element Six pension scheme trustees acted reasonably when they voted to wind up the multinational’s retirement fund and accepted the company’s final o(...)

More than 100 members of the Element Six defined benefit pension scheme are suing its trustees for breach of duty. Photograph: Sean Curtin

Two trustees of Element Six’s pension scheme told the High Court yesterday that they firmly believed the multinational would have closed its Irish pla(...)

Element Six agreed a funding proposal that involved putting €10.75 million a year into the pension pot until 2020, beginning in 2009. Photograph: Seán Curtin Press 22.

In November 2011, the trustees of the Element Six defined benefit scheme voted to accept a company proposal to wind it up. As consequence, they are fa(...)

More than 100 members of Element Six’s  defined
 
-benefit plan are suing the fund’s trustees for breach of duty. Photograph: Reuters

Multinational Element Six “siphoned off” more than €165 million in assets in the months before it told workers it could no longer contribute to their (...)