Aer Lingus-Dublin Airport Authority pension fund analysis “very disappointing”

Monday 7th October 2013

IMPACT trade union issued the following statement today (Monday): “IMPACT and other unions were very disappointed at the analysis presented by the trustee of the Aer Lingus-DAA pension fund at a meeting today (Monday). The trustee reported that the Pensions Board decision to reject elements of the proposals to deal with the funding deficit, which were brokered by the Labour Court and agreed by unions and management at the two companies, would have very significant adverse effects on the pensions of current workers and deferred pensioners. The union group will now seek advice from its advisors before deciding how to proceed.”