Dáil debates

Tuesday, 25 February 2014

Topical Issue Debate

Pension Provisions

6:55 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

I thank the Minister of State for his response. I point out that the deferred pensioners cannot utilise the labour relations machinery of the State, where necessary, nor can they go on strike. They are very much powerless and without a voice. Many of them are facing up to a 50% reduction in their pension benefits. Aer Lingus has said it will hold an extraordinary general meeting to seek approval for a once-off contribution of €140 million, if agreed.

It stressed that those contributions will not be made without shareholders' approval.

What way will the Minister vote with the State's 25% shareholding? Will he ensure the interests of the deferred pensioners are protected? Those workers who retired early were convinced to do so on the assurance of their future pensions and, by doing so, they have helped the airline to return to profitability. Are they now to be thrown under the bus?

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