David Norris (Independent)

I am glad to have the opportunity to speak on this important matter. I approve very much of the prudence the Government has shown over the years in making provision for pensions in the long term. It is unusual behaviour for a Government as parties in power tend never to think outside the five-year electoral box. As there are no guaranteed political rewards for acts which will benefit citizens in 30 years time, the establishment of pension fund contingencies by the Government is very interesting.

Like the Leader, I agree with Senator O'Toole's proposal to introduce a compulsory element in our approach to pensions. When people are young they feel invincible and fail to consider the matter.