Call for return of €2.4bn taken in crisis-era pension levy

The call from the Independent Trustee Company comes as the Government considers options for the budget due to be announced on Tuesday week. Photograph: iStock Almost €2.4 billion taken from private sector pension funds in retrospective taxation at the time of the financial crisis should be refunded to workers, beginning with next week's budget, a pension fund trustee has argued. Independent Trustee Company (ITC), which looks after the pension funds of thousands of private sector workers, says the case for the restoration of the private sector pension levy is "both strong and justifiable" in the context of the reversal of…