Sir, – Cantillon (Business, July 8th) accurately refers to the “CIÉ pension time bomb” as “ready to explode”.
One important consequence of this is that thousands of CIÉ pensioners (the “1951″ scheme) have not received a pension increase since 2008 and are now suffering as inflation rages. It means that CIÉ pensioners are not being treated on an equal basis like other public servants.
Until the pension scheme is made fit for purpose, CIÉ has a moral obligation to immediately make ex-gratia top-up payments to its pensioners to allow for inflation (a practice they did in the past). – Yours, etc,
MICHAEL B BARRY,
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Rathgar,
Dublin 6.
