Dáil Éireann Debate, Tuesday - 1 December 2020
196. Deputy Brian Leddin asked the Minister for Transport if older defined benefit pension schemes operated by the Irish Aviation Authority require extra funding from air traffic control user costs to ensure the sustainability of such schemes; and if he will make a statement on the matter. [40423/20]
View answerThe sustainability of IAA pension schemes is a matter, in the first instance, for the Company and the pension scheme trustees, who are required under law to comply with financial planning rules set by the Pensions Board.
The IAA is a regulated State company, and a large portion of its income derives from charges applied for air traffic control services which is provides in Irish controlled airspace. These charges are set at EU level, in accordance with an economic regulatory process administered by the EU Commission. In setting the charges, a whole range of costs and service level issues are considered and subject to detailed analysis, including staffing costs and pensions costs.
