Vol. 532 No. 1
144 Ms Fitzgerald asked the Minister for Finance the amount which was added in the fund for future pensions as 1% of GDP for the year 2000; the interest accrued to the £4.1 billion since its inception; and the total amount in the fund as at 3 December 2000. [6777/01]
The value of the temporary holding fund for superannuation liabilities at 31 December 2000 was £5,067 million, including accrued interest of £24 million. A total of £3,015 million was paid into the fund in 1999. This comprised the following: Telecom Éireann flotation receipts of £2,433 million, including £16 million capitalised interest, and 1% of 1999 GNP, totalling £582 million. A total of £1,850 million was paid into the fund in 2000. This comprised the following: further Telecom Éireann receipts of £1,180 million, including £2 million capitalised interest, and 1% of 2000 GNP, totalling £670 million.
Including the accrued and capitalised interest referred to above, a total of £220 million in interest had accrued to the fund by 31 December 2000.
