Michael McGrath (Cork South Central, Fianna Fail)

This would be an investment of €700 million per annum and could be supplemented with an equivalent annual investment from the remaining discretionary portfolio in the National Pensions Reserve Fund. This would offer a long-term cashflow benefit to private pensions funds while stimulating economic activity and developing the infrastructure capacity of the State. Such a fund could also be open to regular savers, as in the case of the national solidarity bond.

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