Marc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source

It is interesting. I can absolutely understand 16 years. It is when one begins paying PRSI. Twenty-three seems somewhat arbitrary but maybe that is a question for the Department.

The ICTU submission is critical of the 0.5% management fees. I understand that for the people who would be in receipt of these pension pots, it is business that will come to them. They do not have to work for it in the same way they might have to do in the private market. I merely want a sense of how that 0.5% compares with the management fees that would be paid on a privately sourced pension, because ICTU is critical of it as a rate.