Displaying items by tag: benefit in kind

11th January 2012

AIB No Longer Covering Sailing Club Subs for Staff

#SAILING CLUBS - Sailing enthusiasts on AIB's staff have taken a blow to the wallet as the bank is to stop paying club membership fees for employees, the Irish Independent reports.

In an e-mail seen by the paper, AIB head of human resources John Conway said the cuts - which came into effect on 1 January - were the result of a review of benefit structures within the bank, which is dealing with "ongoing problems".

The change brings to an end two benefits-in-kind that had been considered significant attractions for new employees, the other being special lending rates for staff members.

Up till the end of 2011, AIB covered 50% of club membership fees up to €1,250 for rank and file employees, and 100% of fees up to €2,500 for management. Bank of Ireland staff continue to receive similar perks.

The moves comes not long after the Irish Sailing Association's announcement of proposals to revise its sailing club membership fee structure.

As previously reported on Afloat.ie, the ISA will convene an EGM next month to discuss changes to the 'joint membership scheme' in favour of a "single fee formula that is proportionate to a club's membership subscription income".

The Irish Independent has more on the story HERE.

Published in ISA

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Irish Sailing

The Irish Sailing Association, also known as Irish Sailing, is the national governing body for sailing, powerboating and windsurfing in Ireland.

Founded in 1945 as the Irish Dinghy Racing Association, it became the Irish Yachting Association in 1964 and the Irish Sailing Association in 1992.

Irish Sailing is a Member National Authority (MNA) of World Sailing and a member of the Olympic Federation of Ireland.

The Association is governed by a volunteer board, elected by the member clubs. Policy Groups provide the link with members and stakeholders while advising the Board on specialist areas. There is a professional administration and performance staff, based at the headquarters in Dun Laoghaire, Co. Dublin.

Core functions include the regulation of sailing education, administering racing and selection of Irish sailors for international competition. It is the body recognised by the Olympic Federation of Ireland for nominating Irish qualified sailors to be considered for selection to represent Ireland at the Olympic Games. Irish sailors have medalled twice at the Olympics – David Wilkins and Jamie Wikinson at the 1980 games, and Annalise Murphy at the 2016 games.

The Association, through its network of clubs and centres, offers curriculum-based training in the various sailing, windsurfing and powerboating disciplines. Irish Sailing qualifications are recognised by Irish and European Authorities. Most prominent of these are the Yachtmaster and the International Certificate of Competency.

It runs the annual All-Ireland Championships (formerly the Helmsman’s Championship) for senior and junior sailors.

The Association has been led by leading lights in the sailing and business communities. These include Douglas Heard, Clayton Love Junior, John Burke and Robert Dix.

Close to 100 sailors have represented Ireland at the Olympic and Paralympic Games.

Membership of Irish Sailing is either by direct application or through membership of an affiliated organisation. The annual membership fee ranges from €75 for families, down to €20 for Seniors and Juniors.