Ms Jenny Connors:

We have a policy for pensions. There is a lot of work to do in terms of how you calculate that. I know we have an approach and there will be learnings but as there is a lot more to do around what data you use, the implementation process and the calculation, there is a lot of consideration around how we do this. In terms of indexation overall, Mr. McGann has made the point a number of times that it is really uncertain regarding inflation and the overall economic context. They are points to note. We have a clearer path in terms of indexation for pensions and the overall recommendations of the Commission on Pensions.