Pension assets of universities, semi-State bodies transferred to reserve fund

Ireland“The transfer of pension assets from 14 universities and semi-State bodies to the National Pension Reserve Fund (NPRF) will offset the State’s annual contribution of €1.5 billion to the fund, according to a Government Bill. Minister for Finance Brian Lenihan can take the transfer of the assets as ‘satisfaction or part-satisfaction’ of the State contribution to the NPRF in the current year, says the Financial Measures (Miscellaneous Provisions) 2009 Bill published last week …” (more)

[Simon Carswell, Irish Times, 16 June]

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