Pension Reserve fund to be plundered again

THE National Pension Reserve Fund (NPRF) is being raided again by the Government.

This time it is taking €3.7 billion to give to AIB. Only a few weeks ago we were told that Ireland would contribute €10bn from the NPRF towards the rescue package for the country.

In just a few weeks that is €13.7bn that has been taken by the Government from the fund which, before that was worth €24.5bn. That leaves just €10.8bn for normal investment purposes.