Seanad debates

Tuesday, 18 November 2014

Irish Airlines Superannuation Scheme: Statements

 

6:30 pm

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Very good. I thank the Chair. Page 1 of the Minister's speech mentioned the recommendation that €140 million be provided by Aer Lingus and €58 million be provided by the Dublin Airport Authority. The total contribution has been increased to €260 million. As others have said, this means that €500 million is outstanding. I am sure everyone in this House shares my despair about what has been done to us by the insurance companies, the banks and now the pension funds. I fear that the ESB is lining up something similar.

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