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4. An amendment to certain technical assumptions.1. Lower contributions by lower paid active members;

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Accept fully that, as a consequence, a final solution must urgently be framed around acceptance of the freeze and de risk of the IASS and the introduction of new separate DC Schemes in each case with agreed contribution levels and once off capital contributions into those schemes.

and communicated to the Trustee such that the integrity of the Trustee proposal of 14 February 2014 can be maintained.

The Panel has recommended some alterations to the Labour Court Recommendations to reflect:

The Panel met with representatives of pensioner members as represented by the 'Retired Aviation Staff Association' to hear their concerns.

case;

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Pensioner Members of the IASS

4.

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Nike Running Shoes For Men Red 2018

2. A once off employer pension contribution to take account of some elements of pay which are currently non pensionable;

The Panel's recommendations for active members:

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3. There is the potential to achieve a minimum of the accrued co ordinated IASS pension;

Aer Lingus

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should be informed by a set of principles which the Panel has discussed and agreed with the employers Nike Running Shoes Mint Green

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2. The proposed capital sum has the potential to provide 65% of the difference between the coordinated and uncoordinated pension in each Nike Sneakers Running Shoes

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´╗┐Aer Lingus must spend more to plug pension gap

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Recognise that the employers regard the IASS as being incapable of being sustained and will not contemplate, in any circumstances, investing any additional funding to address the very significant IASS deficit of liabilities over assets as calculated under the statutory minimum funding standard.

1. Lower contributions by lower paid active members;

3. An increase in Stabilisation Payments to 2,000 pa in 2015 and 2016 on a pensionable basis;

"It does require more money from the companies and it does require reductions in benefits for the members. Any solution is going to have to be in that space and I really would ask the companies, their boards, and the unions to give the report careful consideration."

The Panel explained to them that its process is an industrial relations process, consistent Nike Running Shoes For Men Red 2018 with our terms of reference and that the responsibility for dealing with the pensioner members of the scheme still rests with the IASS Trustee.

The Panel is recommending that the IASS Trustee would meet with the employers to agree how this might be achieved for deferred members.

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