2025 Annual Memorial/Ecumenical Service.
COMHLACHAS IAR-FHOIREANN EITLEORACHTA
Thank you to RASA members and those who worked tirelessly on behalf of members over five decades.
R A S A
RASA 50th Celebration_October 2024
Go to Celebrating 50 Years webpage
Following unilateral cuts
c€64.5m of monthly pension income taken from retirees .
These reductions started in January 2015
These are additional to no cost of living increases since 2007 and deductions for Pension Levy effective 2011.
These cuts are ongoing
RASA Retirees expect Return of the
Pension Promise Broken to a Promise Kept!
Retirees were receiving this income and it was taken away.
Retirees were excluded from the Employers buy-out/transfer value or compensation or any mitigation of this pension in payment monthly income reduction.
% of Salary Sacrificed[Deferred Pay] for up to 45 years for their retirement pension
following 'Auto-Enrolment' in Employer Defined Benefit Scheme
====================
DURING DRAW DOWN RETIREES PENSION INCOME REDUCED
Decisions to cut retirees' monthly income were made and signed by Aer Lingus/Daa/SAA company boards/shareholders and Trustees and approved by Irish Pension Authority following Industrial Relations negotiations between Employers, Trade Unions and State.
One third of IASS occupational pension scheme members, with average of 72 years, [in 2015], were targeted for exclusion for benefit reduction mitigation.
They is no voice at the table for retirees in receipt of pension where these decisions to reduce IASS retirees' income were made
It can happen again!!!!
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