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Pensions wiped out

EDITORIAL THERE was bad news this week for workers looking forward to retirement on a reasonably comfortable income, as it emerged that almost €30 billion has been wiped off the value of private pension funds over the past two years. A large segment of the workforce faces the prospect of lower retirement incomes because pension funds are in serious deficit.

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Clare Fine Gael divided on leadership

CLARE’S Fine Gael TDs are split over who to support in the Fine Gael leadership race. Deputy Pat Breen will be backing Richard Bruton in his efforts to replace Enda Kenny as Fine Gael party leader, while Deputy Joe Carey has signalled his support for Deputy Kenny.

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‘A person of hope’ to lead Killaloe

  THE need to rebuild a special identity in the Catholic Church in the wake of the pain and suffering caused by clerical sex abuse has been identified by the Bishop Elect of Killaloe, Fr Kieran O’Reilly.Speaking at a press conference on Wednesday, Fr O’Reilly described himself as a “person of hope but not false optimism” when questioned about the importance of Church renewal.The 57-year-old Cork cleric told members of the local and national media that Ireland has a great tradition and deep-rooted faith in the Gospel, which provides an ideal foundation to embark on a new journey of discovery.The former superior of the Society of Africa Missions warned that the pain and suffering experienced by victims of sexual abuse and those who continued to suffer as a result of abuse should not be underestimated.Acknowledging that victims carry the burden of abuse all their lives, he stressed it is important that they are supported as much as possible.Asked if financial …

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