Labour Court Hearing Over Pfizer Pensions
Pfizer says it has been seeking to negotiate pension change since 2014
SIPTU is to attend the Labour Court today where the defined pension scheme for 350 Pfizer workers who are union members will be discussed....
The union, which represents the workers who are employed in the Ringaskiddy and Little Island plants, claims that Pfizer has been advocating a move away from the existing Defined Benefit scheme to an inferior Defined Contribution Scheme
SIPTU says the Defined Benefit scheme is a fundamental part of workers terms and conditions of employment and claims the company is attempting to cut future pension benefits for their members...
Pfizer says it has been seeking to negotiate pension change since 2014 and will continue to fund the existing Defined Benefit Scheme as the move to Defined Contribution is for future accrual only
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