Monitoring employees at work
The Data Protection Acts 1988 – 2003 applies to all information that employers collect about their workers – personal information, medical history, CCTV images.
The Act does not prevent an employer for collecting and using such information, however, it does try to strike a balance between the employers need to maintain employment records and the individual’s right to privacy.
Pension – the funding crisis
In the past 10 years there has been a switch from the established ‘Defined Benefit’ schemes (DB) to the more secure ‘Defined Contribution’ schemes (DC). The under funding crisis has affected the majority of DB schemes and a number of high profile cases hit the headlines – Bank of Ireland, Aer Lingus, ESB, Ryanair and the Irish Times.
The combination of low interest rates and volatile stock markets has caused DB funding levels to reach crisis levels. The Irish Times 13th August 2016, reported ‘that the pensions hole in Ireland has almost doubled in 2016, at the start of the year the deficit was just under €3 billion and by the end of July it had jumped to €5.7 billion’.