Seanad debates

Thursday, 6 October 2011

1:00 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)

People must make up their own minds on that. The big run of retirements from the public service are people who can retire up to February of 2012 and have their pension based on public service pay before the reductions were introduced. That is the big incentive and quite a lot of people are contemplating that. I cannot be more accurate than that.

I will have to get the figure with regard to the number of developers in NAMA, but it is not very big. I think some 25 developers have 40% of the loan books in NAMA. It is a small number of people, with a huge quantum of loans and some of those are gone into receivership. I can get the fuller figures for Senator Coghlan, but I do not have them to hand. An Adjournment debate on NAMA is coming up shortly.

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