Minister Burton introduces new measures to assist Defined Benefit pension schemes meet their funding proposals

The Minister for Social Protection, Joan Burton T.D., has announced a number of regulatory changes to assist defined benefit schemes as they prepare their funding proposals before the Funding Standard deadline of 30th June 2013.  The regulations will reduce the level of risk reserve that the schemes are required to maintain and will widen the type of assets that schemes can use to reduce reserving requirements.


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