Members also asked why money from the National Pensions Reserve Fund cannot be used for these projects. The answer is that it can be used. There is nothing in statute to prevent money from the National Pensions Reserve Fund being invested in any capital projects in the State. Such investment would be subject only to the normal rule that the optimal rate of return would be obtained. There has been a good deal of misinformation about the National Pensions Reserve Fund. The trustees of the fund – like any other pension fund trustees – can invest in any project they wish, but they must be satisfied that a particular project is not overly risky and that they will obtain a maximum rate of return on their investment. The National Pensions Reserve Fund was as near as I could have got at the time to a normal pension fund in terms of obtaining an optimal rate of return. I suggested many other ideas, but in the end I opted for that simple approach.