ALERTS !!!!!


IF YOU WISH TO JOIN OTHERS IN THE LEGAL CASE PLEASE READ LK SHIELDS LETTER AND SIGN & RETURN THE FORM AT THE BACK.


A BIG THANK YOU TO THOSE WHO CONTRIBUTED TO THE PENSION FIGHTING FUND FOR YOUR SUPPORT/COMMITMENT - 

WE WOULD NOT HAVE GOT THIS FAR WITHOUT SUCH A HIGH VOLUME OF CONTRIBUTORS 


HIGH COURT - 2 OCT-21 DEC 2015 (COURTS AUTUMN MICHAELMAS SITTING) 

In the High Court at the Four Courts Dublin,July 27 2015, RASA was represented by John Hennessy, S.C. in an application to have the claim against the State regarding the unlawful reductions imposed on pensions entered into the Commercial Division List of the High Court.    The Judge decided that, as the case also relates to Constitutional matters and potential breaches of EU Law that it would be more appropriately dealt with in the High Court list (Four Courts, Dublin)

Over the next few weeks (during the Court vacation period) our Solicitors, LK Shields, will continue to try to reach agreement with the Chief State Solicitors regarding proceeding by way of representatives plaintiffs.                         

 22 July 2015 - LKS advised Application Lodged to have case heard for listing in the Commercial Court                                                                                                  
There is still an opportunity to join the large number of those who sent their Signed Papers to LK Shields, Solicitors, to be part of the Pension Reduction Legal Case being progressed by RASA.     Additional names can still be added but it is not yet determined for how long.      If you want to be involved you need to get your Signed Papers in to the solicitors by early next week.   (Mon July 27 2015) - queries to rasapension@gmail.com

16 July, Thursday - RASA Protest at Aer Lingus EGM on sale to IAG



AER LINGUS/DAA PENSIONERS INCOME DOWN 
€3.5m up to the end of July 2015.  

ACTUAL MONTHLY INCOME PENSIONERS WE HAD IN 2014
AND TAKEN FROM OUR MONTHLY PAY IN 2015

WHERE ARE OUR INCOME OPPORTUNITIES FOR RECOVERY OF LOSSES!!!

NATURE OF PENSION INCOME CUTS SINCE 2007

2007 - OUR MONTHLY PENSION INCOME FROZEN FOR LIFE!!
2011 - PERMANENT PENSION LEVY IMPOSED AS 'INDEFINITE DEDUCTION'
2013 - 100% COVER FOR ALL OF OUR PENSION INCOME GONE!  
2015 - ACTUARIAL MFS SECTION 50 DEBT RESOLUTION REPAYMENT IMPOSED

                                THESE ARE IN ADDITION TO OTHER 'AUSTERITY CUTS'

JUNE 25 2015 -    Govt does not want RASA pensioners discussing their pensions with other stakeholders - go to Dail discussions on Industrial Relations (Amendment) Bill 2015 - Clare Daly asks questions 



JUNE 24 - RASA sent by post  a letter to those who have subscribed to the RASA Pension Fighting Fund, together with a letter from LK Shields Solicitors, a Legal Schedule and the Letter of Claim sent in March 2015.   - go to Webpage 2.1 on side bar to view letter - Email rasapension@gmail.com 

SEND BACK SIGNATURE PAGE TO LKS BY JULY 13 2015


OUR PENSIONS SAME AS ANNUITY FOR LIFE - WE CANNOT ACCESS THESE FUNDS!!
AVERAGE PENSION IS JUST OVER €14,000* PER ANNUM FOR THOSE ON PENSION 
(*Average calculated based on c40% below €12k pa)

Where is the recovery/compensation for unilateral pension income cuts & pension levy for IASS pensioners?
WHERE ARE THE NEXT 'INDEFINITE REDUCTIONS' COMING FROM?

June 11 2015 - C Daly seeks amendment to Industrial Relations Bill to provide for the principle of collective representation for organisations such as RASA on pension issues. 

June 9 2015 - Darragh O Brien proposal to spend monies received from Aer Lingus sale of shares to cover cuts to pensioners - amendment in Seanad
June 9 2015  PENSION LEVY RECOVERY -Min for Finance ..I have no plans to repay the pension fund levy tax collected as suggested https://www.kildarestreet.com/wrans/?id=2015-06-09a.630#g632.r 

June 5 2015 - RASA writes to Government Ministers seeking recovery of Pension Levy from monthly income. - go to webpage 2.8 and/or
on webpage 8 on side bar. 

May 28 2015 - Min for Social Protection confirms imposition of the actuarial MFS Section50 debt transferred to pensioners and away from employers and State.  Go to written Dail Q65 


May 27 2015 - Clare Daly TD during the debate on the Sale of Aer Lingus .  Remember Aer Lingus shareholders voted to cut pensioners income without pensioners consent and without any mitigation - now they are benefiting financially from this .  Click on 
  

May 27 2015 on the 79th birthday of Aer Lingus the Govt proposes to sell to IAG.  View Clare Daly TD Leaders Questions in the Dail by clicking on  https://youtu.be/msk5cwjyix0


May 1 2015 - Protest outside Aer Lingus AGM - click on webpage 2 on sidebar for some photos.  

Aer Lingus shareholders at the AGM were reminded that 99% of them voted to unilaterally and without consultation to cut the income of pensioners in receipt of pensions to the value of €174m to resolve the IASS MFS actuarially calculated debt without ANY COMPENSATION FOR PENSIONERS.

This vote deliberately excluded one third of IASS members (those on pension) from mitigation

April 29 2015 - Clare Daly TD Oral Question 6 to Min for Transport on IASS pension and the fact that NO MONIES were provided for those on pension:  only available for actives and deferred pensioners.  

Irish Airlines Superannuation Scheme


Also Read on Oireachtas Website 

 6. Deputy Clare Daly Information on Clare Daly Zoom on Clare Daly asked the Minister for Transport, Tourism and Sport Information on Paschal Donohoe Zoom on Paschal Donohoe if an extra €7 million has been included in the Dublin Airport Authority funding of the Irish airlines superannuation scheme; and if this was a consequence of the initiative taken by his Department and the Department of Jobs, Enterprise and Innovation as a result of the expert panel.  [16491/15].....  http://oireachtasdebates.oireachtas.ie/debates%20authoring/debateswebpack.nsf/takes/dail2015042900007?opendocument#E00950

Clarification regarding Coordinated members on early retirement pensions 

If you are an IASS coordinated member on pension in January 2015 who has not yet reached normal retirement date/state pension age your pension in payment will be further reduced.

This is in addition to your pension levy and S50 Debt cuts imposed on your pension income by Employers/Trustees/Pension Authority in January 2015 without consultation.    For some pensioners that can be an additional reduction of 50%. Individuals are being informed by the Secretary of the IASS scheme in the month before the cuts are being implemented.    There is no mitigation or compensation for these cuts  - compensation only available to active and deferred members of IASS not in receipt of pension on January 1 2015.

Clarification regarding  Non ROI pensionable service. If you have outside Republic of Ireland pensionable service please contact the Pension Scheme office or email pensionqueries@aerlingus.com if you have any queries.  

April 10 2015 - Former Aer Lingus staff to sue State on pensions - Irish Independent Article - John Mulligan - 


Go to attachment below to view IASS Rule changes Dec 2014 as referred to in Aer Lingus Report & Accounts 

Click http://www.rns-pdf.londonstockexchange.com/rns/6351I_-2015-3-26.pdf  for Aer Lingus Report & Accounts
May 1 2015 Aer Lingus AGM

PENSIONERS DID NOT KNOW THAT THEIR PENSION FOR LIFE [ie ANNUITY] ESTABLISHED AT DRAW DOWN WAS ENCUMBERED!!!  REPAYMENTS OF THIS ACTUARIALLY CALCULATED DEBT[MFS S50 DEBT]TAKEN FROM MONTHLY INCOME WITHOUT PENSIONERS CONSENT/ENGAGEMENT OR MITIGATION AGAINST THESE LOSSES

ECB BUYING OF EUROPEAN GOVT BONDS - OUR PENSIONS ARE MATCHED TO THESE BONDS - THE
 RISKS!!!!    LOW INTEREST RATES -  THE RISKS !!!!  LOW ANNUITY RATES - THE RISKS!!!!
        MFS DEBT ACTUARIAL CALCULATIONS USING THESE RATES!!!

March 31 2015 - Another month's payslip showing income cuts .   €1.5m taken from pensioners income so far - ACTUAL MONEY OUT OF OUR POCKETS.

March 26 2015  '..QE has been unfair and unequal, but due to the complicated nature of QE, this unfairness has yet to come to the surface. The unfairness and inequity have been greatest for underfunded pension schemes....  http://www.iapf.ie/_files/events/269/ColmFitzgeraldPresentation.pdf

TO VIEW PRESENTATION - CLICK ON ATTACHMENT BOTTOM OF PAGE

March 24 2015 CDaly TD query statement of Minister to Q116 of Mar 10: .deficit support from the employers !! see written ans 990-mitigation only for non pensioners - benefit cuts only mitigated for non pensioners.   
Reply....... I said that the fund has received additional support from the employers involved totalling €260 million.  The funding I referred to was provided by the employers outside of the IASS and is intended to mitigate the benefit cuts under the approved IASS funding proposal. The funds were not put into the IASS fund directly and I hope this clarifies my previous comments.

March 11 2015- Dail Question 116 - Shane Ross re IASS and Minister Response that included statement regarding funds into scheme.   Rasa wrote to Min regarding this Go t 2.8 on side bar to read this letter. Click on http://www.shaneross.ie/priority-question-minister-transport-iass-deferred-pensioners/ to view exchange in Dail. 

FEB 25 2015  HERALD ARTICLE -Local Economy is down €6m a year                                                   http://www.herald.ie/news/city-beat/local-economy-is-down-6mayear-31020032.html
FEB 18 RASA LETTER TO PENSIONERS GO TO PAGE 2.1 OR 2.8 ON SIDE BAR. 
FEB 13 - Dail question raised by TD Clare Daly -Access to those pensioners and their organisations, such as RASA, to Labour Court view https://www.youtube.com/watch?v=uIpk4JFu4jQ 
THOSE ON PENSION;  NO INCREASES FOR THOSE ON PENSION FROM IASS SINCE 2007. 

DEFERRED PENSIONS;INCREASES TO DEFERRED PENSIONS ARE INCREASED IN LINE WITH CPI.

MIN FOR SOCIAL PROTECTION STATUTORY REVALUATION INSTRUMENT DATED 30 JAN 2014 ALLOWS FOR A 0.2% INCREASE IN PENSIONS F0R 2014 DEFERRED PENSIONS CLICK http://www.irishstatutebook.ie/pdf/2015/en.si.2015.0043.pdf

NO CONTRIBUTION FROM AER LINGUS/DAA FOR PENSION CUTS MADE TO PENSIONERS

  IN RECEIPT OF PENSION INCOME -  EXCLUDED FROM CONTRIBUTIONS FUNDS


Feb 10th Court of Appeal rejects employers appeal in the Pharma Omega case  http://www.courts.ie/Judgments.nsf/0/8776ACACB1B72A7D80257DE9003FB5EB

Oireachtas Joint Committee on Transport Feb 12 2015 CEO IAG- transcript of debate can be read on  http://oireachtasdebates.oireachtas.ie/Debates%20Authoring/DebatesWebPack.nsf/committeetakes/TRJ2015021200002   and can be viewed on Video Play back also.

Aer Lingus(& Associated employers)/daa pensioners have €0.5 million less pension spend in January 2015 than December 2014 - Austerity continues for IASS pensioners & local economy. 


PENSIONERS PAYING A DEBT THEY DID NOT KNOW THEY HAD - DEDUCTIONS TAKEN AT SOURCE WITHOUT CONSENT!!

RASA STATEMENT FOLLOWING PACKED MEETING OF IASS PENSIONERS AT MEETING ON FEB 2 2015  - GO TO WEBPAGE 2.8/2.1

RASA MOVING WITH LEGAL CHALLENGE OVER PENSION CUTS
     RASA SEEKING DONATIONS.
RASA SEEKING PLAINTIFFS TO VOLUNTEER FOR A PANEL OF POTENTIAL PLAINTIFFS.
January 2015: Annual Report & Accounts to March 31 2014 and Actuarial Valuation Reports for IASS scheme and all Aer Lingus First and Second Supplementary funds & daa ARSSS available on request to Scheme Secretary .
Negative cumulative annual inflation to mid Feb has resulted in no post retirement increases being paid from supplementary funds [these schemes offset negative inflation against positive inflation on a cumulative basis unlike statutory revaluation]
NO DEBT RESOLUTION DISCUSSIONS/NEGOTIATIONS TO IASS PENSION ISSUES FOR PENSIONERS YET! AER LINGUS (€129m)/DAA(€45m) TRANSFERS €174M MFS DEBT BURDEN TO PENSIONERS AND COMMENCES DEDUCTING THIS DEBT FROM PENSIONERS PAY PACKET FROM JANUARY 2015. THIS IS AN OUTSTANDING EMPLOYER DEBT - THEY ARE WALKING AWAY!!!
NO FEEL GOOD FACTOR FOR IASS PENSIONERS - PAYSLIP SHOWS BIG DROP IN BASIC INCOME              

IF BASIC CODE PENSION IS €1800-€2500 PER MONTH THIS WILL BE CUT BY €180-€250 IN THE MONTH                       
IN ADDITION TO HIGHER PENSION LEVY DEDUCTION OF 2.53% FOR LIFE 
FOR EXAMPLES OF INCOME CUTS - GO TO ATTACHMENT ON 2.1
 
Jan 29 - Oireachtas Committee on Transport & Communications debate on sale of Aer Lingus to IAG
Jan 21 2015 Petitions Committee to consider State Pension age change - The Oireachtas Joint Committee on Public Service Oversign & Petitions heard from individual citizen on the unfairness of the raising of the State      Pension age retrospectively . Go to Oireachtas Dowload video hourly CR3 wmv file 21 Jan at 17.00 & 1730  CR3_20150121160001_001.wmv  CR3_2n0150121163001_001.wmv      

PENSION AUTHORITY, DAA, AER LINGUS, TRUSTEES AND SHAREHOLDERS -  A CHRISTMAS 2014 PRESENT TO CUT OUR INCOME!!!
DEC 23 2014 - IASS PENSIONERS VOICE IGNORED BY ALL -                  
EMPLOYERS & TRUSTEES JOINTLY SIGNED PROPOSAL TO CUT PENSIONS AND TAKE €175M EUROS FROM OUR PENSION SAVINGS                   
CUT OF SIX WEEKS TO OUR ANNUAL PENSION ANNUITY                                                                                                                  HOW THEY WILL AFFECT YOU - GO TO ATTACHMENT ON SIDEBAR 2.1
PENSIONERS ARE ENCOURAGED TO KEEP CONTROL OF THEIR FINANCES -                                           SO WHY ARE NON PENSIONERS MAKING CUTS TO OUR PENSION INCOME  WITHOUT US ?                  
Go to the National Centre for Older People website - 
 Fingal Independent December 20 2014                                                          
http://www.independent.ie/regionals/fingalindependent/news/pensioner-protest-30838433.html                                                   
daa and Aer Lingus stating that the Pensions Authority will approve the joint Employer/Trustees proposals to cut PENSIONERS INCOMES BY 6 wks pension without hassel (Dec 19)
Senate debate on Social Welfare - Senators A Power & D O Brien raising issues - go to https://www.youtube.com/watch?v=ZuFyuyHWV68
AER LINGUS SHAREHOLDERS VOTE TO CUT PENSIONERS INCOME BY SIX WEEKS 

AER LINGUS SHAREHOLDERS VOTE TO EXCLUDE 
 THOSE PENSIONERS ON PENSION FROM THE FINANCIAL COMPENSATION FUNDS APPROVED TO MITIGATE EXPECTED LOSSES - NO MITIGATION FOR ACTUAL LOSSES - NO INVOLVEMENT IN DEBT RESTRUCTURING.  


RASA SPEAKING ON RTE ON IASS ISSUES - CLICK ON 

December 10 2014 11.30 ALSAA
UPDATE MEETING ON PENSIONS (INCL PRESENTATION ON THE TRUSTEE PROPOSALS FROM RASA'S ACTUARY )

PROTEST WALK FOLLOWING THIS MEETING - ASSEMBLE @ ALSAA 12.30 HR

Dec 4 2014 - RASA met with the Pensions Authority along with RASA's legal and actuary advisors.  
RASA representatives outlined concerns and issues of members relating to the Draft Section 50 benefit reduction proposals planned to come into effect on Jan 1 2015.
  Regulator said that each and every issue raised in the hundreds of submissions from members will be examined. 

Irish Independent Dec 8 2014  to read more about IASS pension cut of six weeks

http://www.independent.ie/irish-news/i-am-hurt-everybody-is-says-father-of-two-30806946.html


Dec 4 2014 - Clare Daly speaking on amendments on Social Welfare Bill raising concerns of pension scheme.






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