Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

The one which was not called the pensions reserve fund. We used most of it, around €19 billion to bail out the banks at the time, or it was not quite a bailout. That was initiated a long time back and was building up. There is a real pensions time bomb. The fund is now a portion of what it was almost eight or ten years ago. Has the NTMA done projections about what the requirements will be? I presume that fund is being invested to try to get the maximum return. Is that something for the NTMA or is it at policy level?