Fund for public ser­vice pen­sions

Sunday Independent (Ireland) - - Letters -

Sir — There are 300,000 public ser­vice work­ers and a av­er­age of €10 per worker per week paid into a pen­sion fund would amount to ¤3m per week.

The ac­cu­mu­la­tion of mil­lions of euro in a pen­sion fund would mean that the pen­sion fund could pur­chase the Garda sta­tions, the schools, the hos­pi­tals and rent them back to the State. This would mean that the trans­ac­tion would go in a so­cial cir­cle from the public ser­vice worker to the fund, to the State and back to the pen­sioner.

The pen­sion fund would not be in­volved in the day-to-day run­ning of these in­sti­tu­tions. If we are go­ing to plug the pen­sion hole, we need to em­brace in­no­va­tive ideas now. L Grant, Dublin

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