Oireachtas Joint and Select Committees
Tuesday, 1 July 2014
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
National Treasury Management Agency (Amendment) Bill 2014: Committee Stage
8:10 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
To return to the point I made earlier, my understanding is NewERA and the ISIF are completely and utterly separate and that the money sitting in the National Pensions Reserve Fund and the assets that will be transferred to the new fund will not be put into the five areas. The only way they could be is if there was a substantial commercial return for the agency ior it was a directed investment, which means that it would have to be a bank or something substantial in the economy. In essence, this section is about proposals for other investments, private source investments. Will the Minister of State confirm that this is the case?
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