The amount taken from our monthly pay to end November 2016
TAKEN DIRECTLY OUT OF THE POCKETS OF PENSIONERS OVER THE
LAST 21 MONTHS
AVERAGE AGE OF PENSIONERS IS 72 YEARS -
PLUS ONGOING 2.53% PENSION LEVY DEDUCTION
EACH MONTH FOR LIFE
PLUS c€38m GOVERNMENT IMPOSED PENSION LEVY ON THIS MULTI EMPLOYER OCCUPATIONAL PENSION FUND
ON TOP OF THE 9TH YEAR OF FIXED MONTHLY PENSION
WITH COST OF LIVING ADJUSTMENTS FROZEN IN 2008 AT 2007'S LEVEL AND THEN IN JANUARY 2015
COST OF LIVING ADJUSTMENTS SCRAPPED!
SO BIG CUTS TO REAL AND ACTUAL INCOME FOR THOSE DRAWING DOWN THEIR PENSIONS IN IASS
WHILE OTHERS NOW SEEING THEIR INCOMES RISE AND THE RESTORATION OF DEDUCTIONS WE ARE SEEING OUR PENSION INCOME FALL
REMINDER: Clarification regarding Coordinated members on early retirement pensions
If you are an IASS coordinated member in January 2015 who left employer with immediate pension i.e.early retirement pension, who has not yet reached normal retirement date, your pension in payment will be further reduced to reflect your coordinated member status.
This deduction is in addition to your pension levy and the S50 Debt cuts imposed on your pension income by Employers/Trustees/Pension Authority in January 2015 without your consent. For some pensioners that can be an additional reduction of 50%. Individuals are expected to be informed by the Secretary of the IASS scheme in the month before the reduction is implemented.
There has been no mitigation or compensation for these cuts - buy-out compensation for reduced benefits 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 526 8444 or email email@example.com if you have any queries. This non Irish pensionable service was not subject to MFS Section 50 debt reductions from your monthly pension effective January 2015.
December 2016 - Legal Update
RASA News - Pension Legal Action – Update – 09DEC16
The Defendants and the Plaintiffs are engaging with each other in respect of the requests for discovery that have been exchanged by them.
When the matter came before the President of the High Court on 28 November 2016 he granted the Defendants liberty to issue an application seeking an order for modular trial. The Defendants have issued that application and it is returnable for 19 December 2016. It remains unclear at present if that application will be proceeded with on 19 December.
If you have returned signed papers to LK Shields and wish to check that you are on the list of “interested persons” (or eligible Plaintiffs) please send an email to firstname.lastname@example.org
Please use the same address if you have any other queries in relation to the Legal Action.
November 24 2016 - view TD Clare Daly - Dail Leaders Questions on DB Pension Schemes
November 10th - View TD Darragh O Brien contributions to Social Welfare Bill 2016 - comments on IASS
November 8th - Annual RASA Ecumenical Memorial Service at 11am.
Venue: ALSAA, Dublin Airport:
Complimentary Tea/Coffee and Biscuits will be available from 10:15.
October 28 2016 - Legal Update
Following an application to Court by the State for an extension of time to provide its response, the responses are now to be exchanged by middle November 2016. The matter is listed before the President of the High Court for further directions for the end of November 2016.
October 2016 - Legal update
The President of the High Court gave directions in respect of a timetable for next steps in the proceedings when the matter was last before him on 29 July 2016. The exchange of pleadings between the parties has now closed and requests for discovery have been exchanged. The matter is listed before the President of the High Court for further directions in middle of November 2016.
July 29 2016 - Legal Update
As directed by Mr Justice Kelly on 24 June last, the Defendants delivered their defence and the proceedings were back before Mr Justice Kelly for further directions, as is the norm in proceedings that are being case managed. A timetable has been set for next steps in the proceedings. Following those steps having being taken the matter will be back before the Court for further directions in the middle of November 2016.
If you have returned the signed papers to LK Shields and wish to check that you are on the list of “interested persons” (or eligible Plaintiffs) please send an email to email@example.com .
July 2016 - LK Shield Pensions Update click on http://www.lkshields.ie/news-insights/publication/pensions-update-july-2016
June 24 - Legal Update
The Defendants applied to the President of the High Court, 24 June 2016, to amend the timetable for the exchange of certain pleadings and proceedings set by the President on 11 April 2016
In particular the Defendants were seeking additional time to deliver their Defence. The Court ordered, amongst other things, that the Defendants deliver their defence by 27 July 2016 and the matter is listed before the President of the High Court again on 29 July 2016 for further directions.
If you have returned the signed papers to LK Shields and wish to check that you are on the list of “interested persons” (or eligible Plaintiffs) please send an email to firstname.lastname@example.org
June 15 2016 - Central Remedial Clinic Defined Benefit Pension Scheme wind up
Clare Daly TD https://youtu.be/6FQfdKcfEns
MAY 2016 - ANOTHER MONTH OF DEDUCTIONS FOR MFS DEBT & PENSION LEVY FROM OUR PAY WITHOUT OUR CONSENT
THERE WAS NO COMPENSATION/MITIGATION PROVIDED FOR THESE UNILATERAL CUTS ON THOSE IN RECEIPT OF THEIR FUNDED PENSION ANNUITY FOR THIS CALCULATED MFS DEBT/LIABILITY
May 31 2016 - RASA AGM too place at ALSAA Dublin Airport - Excellent update presentation on Entitlements for Older Persons. If you wish to have a copy email email@example.com
Pension Case Update
Your continued support and commitment is very much appreciated.
Copies of the IASS Trustee Letter dated 22 January 2015 which shows the MFS Debt/Liability [Section 50] repayment imposed on you as a reduction to your monthly pension for life can be requested from Mercer, who are the Registered Administrators,
pension payroll helpline (01) 526-8444 or
email address firstname.lastname@example.org
A member of the payroll team will issue a copy of the letter direct to the address held on the individual's payroll record
March 2016 Pension Case Update - March 2016
RASA’s Legal Advisors have passed the following update
Finalisation of documentation for submission to the High Court on behalf of 730+ plaintiffs is ongoing.
If you have returned the signed letter to LK Shields and wish to check that you are on the list of plaintiffs please sent an email to email@example.com
FEBRUARY 29 2016 - ANOTHER MONTH OF DEDUCTIONS FOR MFS DEBT & PENSION LEVY FROM OUR PAY WITHOUT OUR CONSENT
THERE WAS NO COMPENSATION/MITIGATION PROVIDED FOR THESE UNILATERAL CUTS ON THOSE IN RECEIPT OF THEI FUNDED PENSION ANNUITY FOR THIS CALCULATED MFS DEBT/LIABILITY
Feb 2016 - Irish Airlines Pensions Ltd, corporate trustee for IASS posts P60's for year 2015 to pensioners.
CONFIRM YOUR PENSION CUTS FROM JANUARY 2015
COMPARE YOUR P60 FOR 2014 - SEE THE REDUCTION IN IASS PENSION
Feb 1 2016 - Annual Report and Accounts for the period April 2014 to March 2015 are now available from the administrators of the various pension funds.
Jan 27 2016 - https://youtu.be/g6ldvZgijug
View C Daly TD Engaged with Chairperson Designate, The Pension Authority - Mr D Begg. - and go to Oireachtas debates Jan 27th for transcript of full debate -Committee on Education & Social Protection.
Jan 20 2016 - https://youtu.be/ZbrUEwNIjgo
View C Daly TD speaking in Dail on appointment of D Begg as Chair of Pension Authority and referencing IASS_RASA pensioners pension cuts
JANUARY 2016 - ANOTHER MONTH OF DEDUCTIONS FOR MFS DEBT & PENSION LEVY FROM OUR PAY WITHOUT OUR CONSENT -
THERE WAS NO COMPENSATION/MITIGATION PROVIDED FOR THOSE IN RECEIPT OF PENSION ANNUITY FOR THIS MFS DEBT/LIABILITY
LEGAL CASE CHALLENGING UNILATERAL CUTS TO OUR PENSION ANNUITY
DETAILS OF HOW YOU CAN VOLUNTARY SUPPORT OUR LEGAL CHALLENGE WITH DONATIONS
CLICK ON SIDEBAR - DONATIONS DETAILS
A BIG THANK YOU TO THOSE WHO CONTRIBUTED TO THE PENSION FIGHTING FUND FOR YOUR SUPPORT/COMMITMENT
SINCE JAN 2015 €6.5M TAKEN FROM OUR PENSION MONTHLY INCOMES UNILATERALLY FOLLOWING MFS DEBT TRANSFER CUTS PROPOSED BY AER LINGUS/DAA TO PENSIONERS INCOME
AER LINGUS/DAA AND TRUSTEES UNILATERALLY IMPOSED SECTION 50 DEBT REPAYMENT ON OUR MONTHLY INCOME - THIS IS ON TOP OF PENSION LEVY DEDUCTION FOR LIFE.
AER LINGUS/DAA EXCLUDED THOSE IN RECEIPT OF PENSION FROM THE COMPENSATION FUNDS THEY SET UP AS DEFINED CONTRIBUTION PENSION FUNDS TO MITIGATE AGAINST THESE CUTS.
WE ARE STILL REPAYING A MFS WIND UP SECTION 50 DEBT THAT WE DID NOT KNOW WE HAD & ACTUARIALLY CALCULATED USING BUY-OUT EXTERNAL ANNUITY RATES - THOUGH SCHEME NOT WOUND UP - THIS IS ON TOP OF ONGOING GOVT PENSION LEVY DEDUCTION
DEC 21 2015 - TRUSTEES NOTIFIES PENSIONERS THAT AER LINGUS TERMINATES ITS CONTRACT AS REGISTERED ADMINISTRATOR FOR IASS AND ALL PENSION SCHEMES FROM END OF 2015.
19 DEC 2015 - RASA WRITES TO AER LINGUS/DAA REGARDING REGISTERED ADMINISTRATOR SERVICE PROVISION & AGE FRIENDLY SERVICE TO PENSIONERS - (WEBPAGE 2.8)