DAA Unions To Ballot Employees Over Pension Stalemate
Published on Nov 17 2014 7:32 AM in General Industry
The DAA wants to start balloting workers on proposals to terminate the deadlock over the €750 million hole in the pension scheme, which is jointly operated by the State company and Aer Lingus.
The news comes in the wake of the revelation that the retirement plan’s trustees wish to seek approval from the pensions’ regulator for proposals that involve freezing its existing assets, and removing backbenefits from workers and retired staff already drawing an income from the scheme.
Yesterday DAA chief executive Kevin Toland informed staff the “Impact, Mandate, TEEU and Unite trade unions plan to hold member ballots” in the coming weeks, and have recommended the settlement proposals.