Written answers

Wednesday, 30 June 2010

Department of Finance

Pension Provisions

9:00 pm

Photo of Joe McHughJoe McHugh (Donegal North East, Fine Gael)
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Question 108: To ask the Minister for Finance the amount in the National Pensions Reserve Fund; and if he will make a statement on the matter. [28677/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Minister, Department of Finance; 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 National Pensions Reserve Fund Commission – who control and manage the Fund – publish a report on the performance of the NPRF as of the end of each quarter on the Commission's website www.nprf.ie. The most recent such report, to 31 March 2010, valued the Fund at €24.5 billion.

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