Oireachtas Joint and Select Committees
Tuesday, 18 June 2019
Joint Oireachtas Committee on Education and Skills
Qualifications and Quality Assurance (Education and Training) (Amendment) Bill 2018: Discussion
Dr. Bryan Maguire:
That is one of the differences with the current system. Under the current system, there are a number of different options, as outlined by Mr. Beausang. We have options from mutual cover to paying into funds or putting up a bond. The whole idea of a fund like this is the pooling of the risk. In having a single national fund there is a bigger pool and so that should reduce the cost overall.
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