Home > Articles > Aer Lingus Early Retirement Package will join employees to troubled defined benefit pension scheme - Morgan
Aer Lingus Early Retirement Package will join employees to troubled defined benefit pension scheme - Morgan
2 December, 2008
Sinn Féin Workers' Rights Spokesperson Arthur Morgan TD has called on
the Minister for Transport to review Aer Lingus' decision to implement
an early retirement package, which will join more employees to their
defined benefit pension scheme at a time when it is reported that
thousands of these schemes are under threat amid global financial
turmoil.
Speaking in the Dáíl today Deputy Morgan said, "The Minister for
Transport should use his influence to review the Aer Lingus decision to
implement an early retirement package, which will join more employees to
their defined benefit pension scheme, at a time when markets are in
turmoil and it has been reported that a number of pension schemes will
collapse over the next six months.
"We have already seen that Aer Lingus' supplementary scheme has lost
close to €14million in just six months according to a union report.
Adding more people to the pension scheme would add further pressure to
an already severely strained fund." ENDS
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