Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I cannot imagine we will still be calling it a jobs initiative in five years' time. The levy will continue at that point. This is tapping into the sector and the money will be sloshing around in Revenue accounts and will pay for X, Y or Z whenever we need to use the money. The Minister of State referred to the pension industry and the Minister for Social Protection, Deputy Burton, has made the same point in respect of a double default of the company and the pension fund. This money will be used to deal with that area. Is the money being ring-fenced and will it go into a fund? The danger is that it will slosh around and will be used to counteract some of the policies the Government has introduced to make up for the loss of €4 billion as a result of the last measure we discussed.