Dáil Éireann Debate, Wednesday - 27 September 2006
1101 Mr. F. McGrath asked the Minister for Transport if he will ensure that thousands of Irish Airline Superannuation Scheme members will receive a mandatory indexation provision in their pension schemes in relation to Dublin Airport Authority and a company (details supplied); and if they will be given the maximum support on this matter. [29045/06]
View answerPension entitlements for employees in the DAA and the company referred to are primarily matters for the trustees, the members of the relevant scheme and the companies involved.
The pension scheme in question, the Irish Airlines (General Employees) Superannuation Scheme, is a multi-employer scheme in which these two companies and Aer Lingus participate. Under the rules of the scheme indexation increases are not guaranteed and are not explicitly funded but depend on the performance of the pension fund and are paid at the discretion of the trustees of the scheme. I understand, however, that the practice by the trustees has been to provide pension increases in line with CPI.
