Written answers

Thursday, 18 July 2013

Department of Finance

Social Insurance Issues

Photo of Ciara ConwayCiara Conway (Waterford, Labour)
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81. To ask the Minister for Finance if there are any plans to move the social insurance fund from his Department to the Department of Social Protection; and if he will make a statement on the matter. [35998/13]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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I would first of all stress that the administration of the Social Insurance Fund (SIF) is already the responsibility of the Minister for Social Protection and has been since the SIF was established in 1952. I have no role in the day-to-day running of the SIF. While I have responsibility for the investment account of the SIF, the fund has been in receipt of Exchequer subvention in recent years, since the middle of 2010, and this will likely continue for the foreseeable future. Further, the management of the investment account was delegated to the NTMA. As such, I currently have limited engagement with the SIF.


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