Written answers

Tuesday, 9 May 2006

Department of Transport

Pension Provisions

9:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 268: To ask the Minister for Transport if persons who have retired from Aer Lingus will benefit from a top-up in the Aer Lingus pensions fund in the context of a part sale of shares. [17084/06]

Photo of Martin CullenMartin Cullen (Waterford, Fianna Fail)
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I understand that many of the former staff of Aer Lingus may have concerns about their pensions in the context of the planned investment transaction. I have recently mandated management in Aer Lingus to engage intensively with the trade unions with a view to addressing the key concerns of staff, in relation to a third-party investment, including pensions, to the maximum extent possible. The position of pensioners will also be addressed in any solution that is agreed. The investment transaction actually provides a unique opportunity to address issues in relation to pensions that have existed for some time.

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