Oireachtas Joint and Select Committees
Thursday, 13 February 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund
3:10 am
Mr. John Corrigan:
No, the NPRF was expressly tied into partly funding the future pension liabilities of the public service and social welfare. As I understand it, the function of the new fund – I will not call it simple, because it is not simple, but it is simply expressed – will in the first instance be to invest commercially. There are two bottom lines: to generate employment and to generate economic activity in Ireland.