The following statement is from the Retired Aviation Staff Association regarding the shameful abandonment of Aer Lingus and DAA pensioners by the companies and the government parties.
AER LINGUS SHAREHOLDERS VOTED TO CUT PENSIONERS INCOMES BY SIX WEEKS FROM JANUARY 2015.
Aviation pensioners, whose average age is 73 years, will see their income cut by the equivalent of six weeks per year in 1 January 2015 following an Aer Lingus AGM today.
Institution shareholders, asset managers of pension funds, Government and shareholders voted at an EGM of Aer Lingus shareholders to cut pensioners pensions.
The EGM meeting voted in favour of paying compensation to non pensioners, active and deferred members, to mitigate against some of their potential loss in the future.
and no compensation to pensioners for their actual losses.
Following a meeting of pensioners at the Airport where they heard the Retired Staff Association’s actuary outline all the risks for them in these proposals pensioners staged a protest outside the Airport Radisson Hotel where the EGM was being held.
Aer Lingus shareholders were handed leaflets as they entered the hotel and a letter of protest was given to the Aer Lingus Chairman, Mr Colm Barrington.
RASA has stated that the fight continues and has set up a Pension Fighting Fund and requesting donations of €100.
Issued by RASA, Dec 10 2014
Contact details: Paddy Kilduff – 086 820 7465 – email@example.com