Dáil debates

Wednesday, 4 March 2009

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

 

6:00 pm

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour)

The commission can only accept moneys from the Central Fund. Does this change now mean that, for example, a State company could be brought to the market and the proceeds of it transferred to the commission? The provision opens up the possibility for the acceptance of moneys from other than the Central Fund, but what source of funds caused the change?

Who has paternity of the 8% coupon? To whom will the annual dividend of €280 million — as I understand it to be from memory — revert? Will it revert to the vehicle or to the Exchequer centrally?

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