Written answers
Wednesday, 24 October 2007
Department of Finance
Social Insurance Fund
8:00 pm
Róisín Shortall (Dublin North West, Labour)
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Question 140: To ask the Tánaiste and Minister for Finance the rate of returns on the investment of the social insurance fund; and if he will make a statement on the matter. [25760/07]
Brian Cowen (Laois-Offaly, Fianna Fail)
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The bulk of the accumulated surplus of the Social Insurance Fund is invested by the National Treasury Management Agency in euro denominated deposits and government bonds, subject to guidelines from the Minister for Finance. In 2006 the rate of return on the funds managed by the NTMA was 2.72% and the annualised return (to 19 October 2007) for the current year was 3.80%.
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