Michael Ring (Mayo, Fine Gael)
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Question 280: To ask the Minister for Finance the payment by his Department into the Pension Reserve Fund in 2008; and the date on which this money was paid. [1490/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The National Pensions Reserve Fund (NPRF) was established in 2001 under the National Pensions Reserve Fund Act 2000. The Act requires the Government to make a contribution equivalent to 1% of GNP to the NPRF each year. In 2008 the Exchequer contribution to the NPRF amounted to €1,690 million. Payment of this figure was made in four equal instalments of €422.5 million on 11 March, 10 June, 9 September and 2 December.

Michael Ring (Mayo, Fine Gael)
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Question 281: To ask the Minister for Finance the value of the Pension Reserve Fund on 1 January 2007, 1 January 2008 and 1 January 2009. [1491/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The National Pensions Reserve Fund was established on 2 April 2001 under the National Pensions Reserve Fund Act 2000 with the objective of meeting as much as possible of the cost to the Exchequer of social welfare pensions and public service pensions to be paid from the year 2025 until at least 2055. The market value of the National Pensions Reserve Fund at 31 December 2006 and 31 December 2007, as published in the Annual Report of the National Pensions Reserve Fund Commission, was as follows:

A preliminary 2008 end-year valuation of €16,355 million was published in the National Treasury Management Agency's Preliminary Results for the year 2008. This valuation was, in the case of direct quoted investments, based on valuations as of close of business on 30 December and, in the case of indirect investment vehicles, based on the most recently available valuations.