Pay and pensions deal at Electricity Supply Board

Ireland Ireland
In advance of pay increases awarded under the national pay agreement, workers at the Electricity Supply Board have agreed a four-year pay and pensions deal with the company. Although pay will rise by 2% workers will see their pension contributions increase by a similar amount. The company will also increase its contributions to help tackle the company's pension fund deficit. A lump sum of 3,000 euros is also part of the agreement which opens the way for local negotiations.
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