Tuesday 6 December 2016

Jobs and pensions

Published 14/02/2012 | 05:00

I wish to reply to David Kavanagh's recent letter regarding our proposal to exclude pension funds investing significant amounts in job creation within Ireland from the Government's 0.6pc levy.

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The assets of the country's private pension funds amount to approximately €70bn, and perhaps a little more in light of the equity recovery.

The idea is that funds would be incentivised by exemptions from the levy if they invested 5pc-6pc of their assets in job-generating enterprises within the Irish economy.

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