Sir, – “He put his hand in your pocket and took your money”– remember this ad campaign from the insurance companies? In 2011, although the pension scheme of which I am a member lost more than €7 million, the Government put in its hand and took more than €3.5 million.
What hope do we have when our pension funds are being robbed by the State? Pension schemes are under huge pressure, with most in deficit and the Pensions Board imposing terms which make many schemes untenable. Yet the Government is allowed to make the situation even worse by its inequitable actions. – Yours, etc,