Aer Lingus face legal actions over pension scheme

admin
By admin February 5, 2015 21:34

Aer Lingus face legal actions over pension scheme

Aer Lingus, the Dublin Airport Authority (DAA) and the State could be facing a €174 million legal action resulting from the recent settlement of an insolvent aviation industry pension scheme.

The Retired Aviation Staff Association (RASA), which represents former Aer Lingus and DAA workers, has confirmed that it will challenge the move by the airline that cut benefits to pensioners drawing incomes from the Irish Airline Staff Superannuation (IASS) retirement plan under a change to legislation last year that allowed payments to pensioners who are members of insolvent schemes to be clawed back.

RASA has hired Dublin law firm LK Shields and senior counsel John Hennessy to advise it on the legal challenge that could target the airline, the DAA and the government.

admin
By admin February 5, 2015 21:34