Oireachtas Joint and Select Committees

Thursday, 9 October 2014

Public Accounts Committee

2013 Annual Accounts of Shannon Free Airport Development Company

12:25 pm

Ms Mary Considine:

Shannon Development staff are members of the Exchequer pay-as-you-go scheme. The Irish Aviation Superannuation Scheme reference relates to active members in the airport authority. It is an entirely separate situation. There are proposals on the table that would involve the principal employers in that scheme, the Dublin Airport Authority and Aer Lingus, making a one-off contribution to a new scheme to resolve the current deficit in the IAS scheme. One proposal is that scheme would be frozen and staff would move to a new scheme, but that is entirely separate from the Shannon Development.

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