I propose to take Questions Nos. 1433 and 1434 together.
The Irish Airlines (General Employees) Superannuation Scheme (IASS) is a multi-employer scheme involving the employees of Aer Lingus, Dublin Airport Authority (DAA) and the now non-operational SRT Technics. Pension entitlements and pensions in payment under this scheme are primarily matters for the Trustee, the members and the companies participating in the scheme and I have no operational responsibilities in that regard but it is important to state that this scheme is closed to new entrants. I understand that the Trustee of the IASS has advised the participating employers and membership that the results of the March 2011 actuarial valuation of the scheme indicates a significant deficit as measured under the statutory minimum funding standard. Resolution of the funding difficulties in the scheme is a matter for the Trustee, the companies participating in the scheme and the members. I understand that the parties are participating in discussions with the assistance of the Labour Relations Commission to identify solutions. My Department is not a party to these discussions.