€1.5m to Aer Lingus CEO doesn’t add up
IMPACT official Matt Staunton has written to Transport Minister Leo Varadkar outlining the union’s dismay at a pay package of €1.5m, which included an increase in the company contribution rate to Mueller’s pension, from 25% to 40% on a base salary of €450,000.
It is shocking that Mueller can trouser €1.5m, while Aer Lingus workers could face imposed co-ordination (the loss of the value of the State pension in the amount of €12,000), in addition to a cut of 20% in benefits, as well as moving from a defined benefit to a defined contribution scheme.
