Automatic Enrolment Retirement Savings System Bill 2024: Committee and Remaining Stages
Seanad Éireann — 2024-06-19
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Heather Humphreys (FG), Cavan-Monaghan

I thank the Senator. The purpose of NAERSA is to manage all of this and to act in the interests of the participants or the members of the scheme. The objective is that it will be self-financing, but to set it up in the initial years, we need to give it powers to borrow because it takes a while for this to ramp up. That is why we are allowing it those powers.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2024-06-19/debate/main
Retrieved: 2026-08-14T04:53:05+00:00
Sitting date: 2024-06-19