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Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

John Gerard Hanafin: ...by such an option. However, the number of those in defined contribution pension schemes continues to increase. A total of 255,000 people were in such schemes at the end of 2006, with 95,000 PRSAs in existence. The issue of increasing longevity, lower investment returns and investment risk affects these savers just as much as members of defined benefit schemes. However, the effect of...

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