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To: Eircom Pension Scheme Members

Eircom Pension Scandal

Members are called upon to inform themselves on the evidence of what is going on with their pension fund and to campaign to protect it.

Why is this important?

During members active service contributions were paid into the pension fund to provide pensions and regular pension increases in parity with pay increases for members still working. This was deferred salary which was entrusted to the trustees to invest to provide the pension benefits promised.
By unilaterally discontinuing these pension increases the company has declared the funds contributed to secure these increases, which belong to the scheme members, as "surplus" . In the period between 2013 and 2019 the company with the active collaboration of the trustees has diverted E109 million of these funds to its own use.
In 2019 company top management awarded themselves over E100 million in bonuses.
Pensioners have had no significant increases since 2008

Updates

2022-05-12 16:30:24 +0100

10 signatures reached