Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)

I thank the Minister for her answer, which goes beyond the answer I received to a written question I tabled recently. I welcome the fact that she said part of the State mechanism may be able to tender for this work. I do not think it should be limited to the NTMA, and the State itself should be involved to a greater degree.

Does the Minister agree that before the crash, and in spite of huge tax breaks, the private pensions industry failed completely to deliver an adequate income for the vast majority of the people who were reaching retirement age? Does she agree that the PRSI system has proved to be an effective and straightforward system in which the public can have confidence? Does she agree that it should be the system to deliver private pensions, beyond just collecting contributions?

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