Dáil debates
Wednesday, 8 December 2010
Social Welfare Bill 2010: Second Stage
7:00 am
Éamon Ó Cuív (Galway West, Fianna Fail)
-----because it gives the pension funds a chance to buy sovereign annuities at a better yield than is currently available on the market. Most of them are bought at German rates. On the other hand, the funding is retained within the Irish economy and therefore there is a double win in that regard, as the Deputies will find out in time.
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