Seanad debates
Thursday, 5 March 2009
Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage
3:00 pm
Martin Mansergh (Tipperary South, Fianna Fail)
It is €1.584 billion — in effect, €1.6 billion. There is no provision in the Bill or indeed the principal Act for a suspension of this contribution. The Senator is correct in saying the contribution is effectively being borrowed. Those were the main issues raised.
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