Dáil debates

Wednesday, 4 March 2009

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages

 

4:00 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick East, Fine Gael)

I note that the Minister has stated that he has received the report on executives in the covered institutions. I ask him to make the contents of that report known to the House during Committee Stage. Perhaps we could withdraw this amendment if he let us know exactly what the report stated and we could move on the measure. The public can see €7 billion of their money being invested into the two main banks. We all wish for a sound banking system. However, the people are paying €1.4 billion on the pensions levy and will face having to pay €2 billion on the income levy alone. Many of those provisions are hitting people on modest incomes. We are looking for fairness and we tabled the motion in that light. As the Minister is now in possession of the report on the remuneration of the executives in the covered institutions, he should now advise the House of the contents of the report, including its recommendations. In the spirit of co-operation that the Minister calls for from the Opposition and which we are now bringing forth, we would like to be able to consider the report and work in partnership in terms of its contents. I hope the Minister will accept our amendment in the light of co-operation. The Minister is in possession of the information and it is incumbent on him to make the details of the report known to the House today.

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