Oireachtas Joint and Select Committees
Wednesday, 27 January 2016
Joint Oireachtas Committee on Education and Social Protection
The Pensions Authority: Chairperson Designate
1:00 pm
Marie Louise O'Donnell (Independent)
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It is. Creatively, I want to know what Mr. Begg would have done there.
We sold our lottery for €460 million to the Ontario Teachers’ Pension Plan. Why, if there are 150,000 pension schemes here, were we incapable of holding on to that or would Mr. Begg see a place where that might happen in the future? What was wrong with us that we did not have the facility to buy that for ourselves? We needed €460 million for the children’s hospital and sold the lottery to Canada.
How can Mr. Begg say that society is not really getting older when 25% of us will be over 65 in 2050? He said he did not think that was true.