About 60 people took part in a protest at Dublin Airport this morning against proposals to tackle the €750m deficit in the Irish Airlines Superannuation Scheme (IASS).
The insolvent fund is operated by Aer Lingus and the Dublin Airport Authority.
Demonstrators said they were facing cuts of up to 60% to their pensions, or the equivalent of 30 weeks' income per year.
The cuts were implemented on 1 January this year.
Current employees have now moved to a new defined contribution scheme, while active retirees and deferred pensioners now receive combined pensions, whereby the IASS portion of their pension will be reduced to take into account the State pension.
However, former workers on deferred pensions have said they have no power to limit cuts to their pension, because they do not have union representation and cannot take industrial action.
The protest group, comprising former employees of Aer Lingus, Dublin Airport Authority and SR Technics, has been lobbying for changes to pension legislation to afford those on deferred pensions the same protection as active pensioners.
