Oireachtas Joint and Select Committees

Wednesday, 7 December 2022

Joint Oireachtas Committee on Social Protection

Automatic Enrolment Retirement Savings System Bill: Discussion

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

I am a bit older than most people here, but if I go back and look at what seemed like a large sum in 1980, it would look like joke money today. I will put this in an even more scary way. I keep all the Government Estimates for 2002 in my office. The amounts were tiny and the inflation rate is huge. The figures the Department gave were not that impressive at all when a constant rate of inflation was put in.

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