Damien English (Meath West, Fine Gael) | Oireachtas source

We have asked for people's views as to how the fund could be managed and whether it would be a voluntary fund. If it is not to be a voluntary fund, and if one were to go down the road of making the fund effectively a State fund, one would be going into increasing PRSI and taxes and having more resources there. I think in the Duffy Cahill report there is discussion of having a fund, but it would be very serious to decide to increase that fund. Statutory redundancy is paid out by the State if a company is unable to do that. That is guaranteed, and the fund does that.