IASS Pension scheme

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For Written Answer on : 21/05/2019
Question Number(s): 581 Question Reference(s): 21838/19
Department: Transport, Tourism and Sport
Asked by: Darragh O'Brien T.D.
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QUESTION

To ask the Minister for Transport; Tourism and Sport if his attention has been drawn to the substantial cuts imposed on members of a scheme (details supplied) in advance of the sale of the stake of the State in a company; and if he will make a statement on the matter. (Details Supplied) the IASS Pension scheme, Aer Lingus
REPLY



The Irish Airlines (General Employees) Superannuation Scheme (IASS) is currently the subject of on-going legal proceedings. As this matter is sub judice it would not be appropriate for me to comment any further on the issue.





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For Written Answer on : 21/05/2019
Question Number(s): 632,633 Question Reference(s): 21836/19, 21840/19
Department: Employment Affairs and Social Protection
Asked by: Darragh O'Brien T.D.
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QUESTION


* To ask the Minister for Employment Affairs and Social Protection if she will establish an independent review group within her Department to assess the level and impact of cuts suffered by all categories of members in a scheme (details supplied) due to changes in legislation and in particular the Social Welfare and Pensions Act 2014 and subsequent reductions in members benefits; and if she will make a statement on the matter.
- Darragh O'Brien T.D.

For WRITTEN answer on Tuesday, 21 May, 2019.

* To ask the Minister for Employment Affairs and Social Protection if her attention has been drawn to the substantial cuts imposed on members of a scheme (details supplied) in advance of the sale of the stake of the State in a company; and if she will make a statement on the matter.
- Darragh O'Brien T.D.

For WRITTEN answer on Tuesday, 21 May, 2019.
REPLY



I am aware of the reduction in pension benefits for members of the IASS pension scheme.  However, the Deputy will appreciate that I cannot intervene in, or comment on, the pension arrangements applying to a particular pension scheme as such arrangements are a matter for the pension scheme trustees, the companies participating in the scheme, the scheme members and the Pensions Authority.

As the Deputy is aware, there is currently a case before the Courts in relation to the IASS pension scheme.  Therefore, it would be inappropriate for me to comment any further on this matter.

I hope this clarifies the matter for the Deputy.