Wednesday August 12, 2020

New concerns over airport pensions

Trustee of the old Aer Lingus and DAA scheme fears scheme will fail to meet funding standard

27th November, 2016
Independents4Change TD Clare Daly questioned why the actuarial report did not specify the extent to which the funding proposal was off track Pic: RollingNews.ie

A funding proposal implemented last year to stabilise the huge airport pension scheme has already veered off course, according to a new report.

The trustee of the old Aer Lingus and DAA scheme has raised new concerns about the huge fund, in his first annual report since the companies and their trade unions reached agreement on a way forward after years of rows and strike threats.

The now frozen defined benefit scheme still pays the...

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