The State has an obligation to protect employee pension entitlements when an employer is insolvent
The European Court of Justice has ruled in favour of the Waterford Crystal employees in their claim that the State had failed put in place a pension protection system. The Irish High Court will have to determine the liability of the State for the pensions.
Under EU Directive 2008/94/EC the State has obligations to employees of insolvent employers (Link to Directive).
The State has an obligation to protect the pension entitlements of workers in the event of the employer becoming insolvent.
See link to European Commission information on the 2008/94/EC Insolvency directive Europa link.
See link to RTE reporting on the Waterford Crystal employees' case:RTE link.
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