Fearghal O'Connor: aviation pensions can still cause headaches
After SBP report, trustee says IASS scheme will meet funding standard
Managers out at Dublin Airport would be forgiven for emitting a long disgruntled sigh at the sight of the dreaded acronym “IASS” once again.
The acronym stands for Irish Aviation Superannuation Scheme and those same managers, at both Aer Lingus and Dublin Airport Authority, spent a tortuous few years searching for a resolution to the problems that dogged the defined benefit scheme that for decades served the staff of both companies. That scheme ...