Written answers
Thursday, 12 June 2014
Department of Transport, Tourism and Sport
Irish Airlines Superannuation Scheme
Finian McGrath (Dublin North Central, Independent)
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251. To ask the Minister for Transport, Tourism and Sport the position regarding the pension of an aircraft maintenance firm in respect of a person (details supplied) in Dublin 5. [25150/14]
Leo Varadkar (Dublin West, Fine Gael)
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Resolution of the funding difficulties in the Irish Airlines Superannuation Scheme (IASS), where there is a deficit of over €760m, is a matter for the Trustees, the companies participating in the Scheme, the members and the Pensions Authority. The deficit in the scheme has arisen over the years as the companies and the members did not put enough into the scheme to match the benefits that were expected. Resolution of the issues will involve contributions from all the parties involved.
The Trustees of the IASS announced in February that they had decided in principle on a number of changes to address the funding difficulties of the scheme. The Trustees, who are central to any solution to the funding difficulties, are required by law to act in the best interests of all members: active, deferred or pensioner. It is not clear whether the Deputy's question is referring to a deferred or pensioner member of the scheme.
The 2013 legislation referred to is the Social Welfare and Pensions (No.2) Act 2013, under which the Trustees may reduce pensions in the course of payment under a Section 50 Order made by the Pensions Board, subject to various conditions. Queries regarding future payments under the scheme and the spouses and children scheme are best put directly to the Trustees by members.
Finian McGrath (Dublin North Central, Independent)
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252. To ask the Minister for Transport, Tourism and Sport if the legislation regarding Irish airlines superannuation scheme pension is constitutional; and if he will make a statement on the matter. [25152/14]
Leo Varadkar (Dublin West, Fine Gael)
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The State Airports (Shannon Group) Bill 2014 which is currently before the Oireachtas includes proposals for amendments to existing statutory provisions governing superannuation schemes in the State airport authorities including amendments to facilitate changes, by the trustees, to the Irish Airlines (General Employees) Superannuation Scheme.
This Bill is currently at Report Stage in the Seanad. If the Bill passes Report Stage in the Seanad, it will proceed to debate in the Dáil. The enactment of the Bill or otherwise is a matter for the Oireachtas. The Government is confident of the constitutionality of the Bill. However. the ultimate arbiter of the constitutionality of any piece of legislation is the Supreme Court.
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