Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

We have just under 5% pencilled in, on the advice of the NTMA, as a portfolio expected rate of return. I suggest, for ease of reference, that we provide to the committee our forecast each year of how much will be going into each fund and then, at a number of points in time based on certain assumptions, what the fund value could be. Then one can derive what the 3% drawdown of the net asset value would be each year arising from that.