Written answers
Tuesday, 1 December 2020
Department of Transport, Tourism and Sport
Pension Provisions
Brian Leddin (Limerick City, Green Party)
Link to this: Individually | In context | Oireachtas source
196. To ask the Minister for Transport, Tourism and Sport if older defined benefit pension schemes operated by the Irish Aviation Authority require extra funding from air traffic control user costs to ensure the sustainability of such schemes; and if he will make a statement on the matter. [40423/20]
Eamon Ryan (Dublin Bay South, Green Party)
Link to this: Individually | In context | Oireachtas source
The sustainability of IAA pension schemes is a matter, in the first instance, for the Company and the pension scheme trustees, who are required under law to comply with financial planning rules set by the Pensions Board.
The IAA is a regulated State company, and a large portion of its income derives from charges applied for air traffic control services which is provides in Irish controlled airspace. These charges are set at EU level, in accordance with an economic regulatory process administered by the EU Commission. In setting the charges, a whole range of costs and service level issues are considered and subject to detailed analysis, including staffing costs and pensions costs.
No comments