Mr. Colm Ó Gógáin:

With regard to the minimum funding standard that Mr. Kelly just mentioned, Senator Higgins spoke about derisking in RTÉ. If we derisk and move to equities the risk reserve is reduced, which means that liabilities are reduced, but we all know that equities are returning very little at present and, as such, people have not had a pension increase in ten years. If it keeps going the way it is there will never be a pension increase and this is a huge concern. This is why the minimum funding standard review must be called into question quickly.