Oireachtas Joint and Select Committees

Wednesday, 15 February 2023

Joint Oireachtas Committee on Social Protection

General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed)

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

If we think about what we are doing, this means that over a 20-year period, we would be putting €30 billion into investment funds, the vast majority of which will be invested abroad and not be available to the Exchequer. That is just so we know. It is €30 billion and we now have the figure. That is very useful and I thank Mr. Duggan for being up-front on the figures.

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