Oireachtas Joint and Select Committees
Wednesday, 22 November 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion
Mr. Nick Ashmore:
A lot of the funds are for pension liabilities and a lot are not in a situation where they are paying out. Many are still building up capital or taking in capital. The Alaska fund is an interesting example because a cheque is written to every individual in Alaska every year from the fund. The Norwegian fund is interesting but is also the extreme case in the set because it is the largest fund by far in the world. It is a very substantial fund.