Seanad debates

Thursday, 17 November 2011

Social Protection: Statements, Questions and Answers

 

3:00 am

Photo of Paschal MooneyPaschal Mooney (Fianna Fail)

I wish to raise two issues in the context of the Government's commitments, one of which relates to the sovereign bonds. There was a suggestion earlier in the year that pension funds would be actively discouraged from investing in Germany and France and that they should be repatriated to Ireland to help the Irish economy. Are there any developments on what is referred to as partial capacity? The Minister referred to it here in the context of creating an integrated service providing a one-stop shop for people. This would mean that instead of having a whole plethora of benefits going to an individual there would be a one-size fits all benefit. Perhaps the Minister could bring some clarity that issue.

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