Resolution of the funding difficulties in the Irish Airlines Superannuation Scheme (IASS) is a matter for the Trustees, the companies participating in the Scheme, the members and the Pensions Board. The institutions of the State are there to assist in finding a solution but the Government does not have the authority to impose one on a private pension fund.
The Dublin Airport Authority is putting in place contingency plans in the event of strike action taking place. However the key issue on which all sides must remain focused on is the resolution of the problems of the IASS rather than about any contingency planning as it is clear that any strike would be highly disruptive to the country and would inconvenience passengers. A strike would also damage the financial position of the companies which will ultimately, along with the Scheme members, have to contribute to the resolution to the problems of the Scheme.
Now that the Trustees have issued their proposals, I understand that meetings between various parties are currently being arranged. I welcome this initiative. The problems with the IASS are recognised and must now be resolved. While difficult decisions will be required, there is nevertheless an opportunity to finally bring this challenging issue to a conclusion. I urge all parties to again engage, utilising the State’s labour relations machinery where necessary.