Oireachtas Joint and Select Committees
Thursday, 8 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed)
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
To what level will the fund have to be built up? There is a very significant shortfall currently projected due to the work-out of the Quinn Insurance deficit. There is probably a decade or more of 2% contributions that will have to be paid in to clear that alone and then one must build up the fund. How does Mr. Thompson see that working its way through?
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