The Government should consider restoring the old National Pension Reserve Fund to help meet the cost of the Republic’s ageing population, according to the National Economic and Social Council
Its latest report, Understanding the Irish Economy in a Time of Turbulence, said the new fund could be designed and ringfenced to meet the needs of an ageing population.
However, the Government exchanged €17.5 billion from the fund for shares in Irish banks, as part of the EU-IMF €85 billion bail out agreed in 2010, after the lenders’ exposure to property speculation collapsed the financial system. ISIF’s assets are worth more than €9 billion now, while the State has €6 billion allocated to a new reserve fund.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Number of ‘bad jobs’ in Irish economy must be reduced, government toldNational Economic and Social Council report says work needs to be made more attractive by improving the rights of workers to negotiate
Read more »
Majority in North think Windsor Framework could bring economic benefits, poll suggestsTwo-thirds of those polled believe Executive should be re-established following deal between EU and UK, Queen’s University poll shows
Read more »
Majority in NI think Windsor Framework could bring economic benefits, poll suggestsThe polling also indicates that two thirds of people believe that the Northern Ireland executive should be re-established following the deal between the EU and the UK.
Read more »
Govt to hold National Forum examining the subject of Ireland's neutrality in JuneTánaiste Micheál Martin will bring proposals to Cabinet today on plans to hold a national forum on Ireland's foreign policy, including neutrality, held in three locations across four days in June
Read more »
Irish Grand National key to Mullins’s pursuit of new prizemoney recordGaillard Du Mesnil set to lead champion trainer’s team in €500,000 Fairyhouse Easter feature
Read more »