Fianna Fáil is now preparing to force every working man into funding Pension Funds that have been losing money every day. In other words they are funneling 8% of everyones paycheck into a black hole where there are no controls on pension fund managers. These incompetent Pension fund managers are allowed to lose money without regard to their customers. And there is NO need, you can earn interest on a pension WITHOUT risk. In fact this should be the number one requirement. Instead this is a gift to the criminal behavior of Pension manager. Should a regulation be put in place to guarantee that funds placed into pensions will never be less than the value of the investment. These crooks would scatter back under the rocks where they came out from. And Fianna Fáil would lose some more of their brown envelopes.
(The employee is forced to give them 4% and the employer is forced to reduce the employee’s paycheck by 4% to sent along with the employee’s to net the Pension thieves 8%)
UPDATE: The employee will only lose 6% in his pay slip as the the employer only has to add 2% probably paid as a benefit. This will create less jobs, and put more people on the Dole.