Uncategorized

Important proposed amendments to the existing Industrial Relations legislation ––––––––––– Industrial Relations (Provisions in Respect of Pension Entitlements of Retired Workers) Bill 2020 ––––––––––– Mar a tionscnaíodh As initiated ––––––––––– Page 1 of 17 Section 1. Definition ––––––––––– Industrial Relations (Provisions in Respect of Pension Entitlements of Retired Workers) Bill 2020 ––––––––––– Mar a tionscnaíodh … Read moreBrid Smith proposed bill for retired employees rights

Dear member, I am happy to bring some good news for a change. The Noonan levy which was imposed on our pensions resulted in an effective reduction of just over 2% per month in our pensions. Happily this levy is now discontinuing with effect from July and the benefit will appear in your August pension … Read moreGood news – Noonan levy gone

RTÉ Credit Union has an important provision that allows its members ease the financial path for those closest to them after they’ve died. Members may nominate one or more individuals to receive the balance in their accounts after death, up to a limit of €23,000. This money is made available straight away and is not … Read moreUseful information for all Credit Union members

We decided to emulate all the family quiz groups and had our first Zoom committee meeting. It was very successful – if anything, better than our traditional meetings. No more need to book a location in RTE and to find parking. For those of you who have not had the pleasure of visiting the Studio … Read moreCommittee Meeting June 2020

Irish Times 11th June 2020 CIÉ fails to get agreement on tackling €550m pension deficit Workers support proposals to restore one plan but shun propositions for another Thu, Jun 11, 2020, 05:09 Barry O’Halloran State-owned transport group CIÉ faces a partial setback in efforts to tackle a near €550 million pension shortfall after workers backed … Read moreCIE Pension situation

The report is on its way to all members. Of particular interest is the decision to stop deductions of the Noonan levy. This will mean approximately 2% increase in your pension but the actual date is still TBA because of the current coronavirus situation. You can read the report here.

RTE RETIRED STAFF ASSOCIATION rtersa2018@gmail.com PO Box 12250 Dublin 41 Wesley Heights D16 AV81 Dear Minister Donohoe, I am writing to you in my capacity as Chairperson of the RTE Retired Staff Association. We represent the 1500+ members of the RTE Defined Benefit Superannuation Scheme. We only became aware recently that the scheme sponsor (RTE) … Read moreLetter to Paschal Donohue. Minister for Finance & Public Expenditure and Reform.

I regret to to inform our members that the Department of Finance / Public Expenditure and their Minister have now formally refused to approve the increase in pensions-in-payment, applied for in 2018, after a lengthy delay and notwithstanding that this increase was previously recommended both by the Trustees and by the Sponsor, RTÉ, and that … Read morePaschal Donohoe has blocked our pension increase

Pension levy on private sector not always ‘fair’. Pensions Ombudsman Paul Kenny says in “most cases”, the effect of the reduction in payment would “last for the lifetime of the pensioner”. The Pensions Ombudsman has told the Oireachtas finance committee that the Government’s imposition of a 0.6 per cent levy on private sector pension schemes … Read morePension Ombudsman comments on Levy

We had a very useful and informative meeting on Friday 6th March with Conor Hayes, Chairman, Eugene Murray and Charles Byrne. The full Board had a formal meeting earlier in the afternoon and made some significant decisions. We listened and learned and asked many questions on your behalf. It was mutually agreed that the best … Read moreMeeting with Superannuation Trustees