Irish low-cost carrier Ryanair has wound up its Defined Benefits Pension Scheme after agreeing to fill a multi-million euro deficit in the fund. The pension scheme, which was closed to new members in January 2000 and had 121 remaining members, had a deficit of €9.7 million ($13.2 million). After what it described Friday as “protracted negotiations” with the pension fund’s trustees, the airline agreed to fund the deficit and pay an additional €2.8 million into the ...

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