Arthur Morgan (Louth, Sinn Fein)

I seek the adjournment of the Dáil under Standing Order 32 to discuss the following matter of urgent public concern, namely, that 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 schemes and place more strain on their pension funds at a time when markets are in turmoil. It has been reported that a number of pension schemes will collapse within the next six months. According to a union report, the Aer Lingus supplementary scheme has lost close to €14 million in just six months. Adding more people to the pension scheme would only put further pressure on a severely strained fund.

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