Michael Ring (Mayo, Fine Gael)

When we discussed the Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010 on Committee Stage, I asked the Minister to give some reassurance to those who have money and resources in this country. I have been told that over €96 billion is being saved in this country. People are right to be worried. I asked the Minister to reassure them in relation to the post offices, in particular. There was a great concern in that regard. Many elderly people, in particular, were worried. I am afraid that people will start to withdraw money and that, in turn, will lead to robberies and people getting beaten up. I want the Minister to be strong and to assure the people that this scheme is solid and their money is safe. When pension companies invest their money on their behalf, they should be assured that it is safe and backed by the State. I want the Minister to be strong. He should reassure the people that their money is safe, particularly in the post offices.

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