State Investments

Dáil Éireann Debate, Wednesday - 7 December 2016

Wednesday, 7 December 2016

Questions (292)

Jack Chambers

Question:

292. Deputy Jack Chambers asked the Taoiseach and Minister for Defence if investments, either directly or indirectly through pension or other investment funds, are held in tobacco companies by his Department, any agency within the remit of his Department, or any agency or entity in receipt of departmental funding; if his Department has any guideline in relation to such investment; if his Department intends to introduce any policies or guidelines; and if he will make a statement on the matter. [39028/16]

Written answers

Minister of State at the Department of Defence

I am advised that there are no such investments held by my Department, or by any agency or entity within the remit of the Department, or in receipt of funding from my Department. Pensions for former members of the Defence Forces are paid directly from the Army Pensions Vote. This is funded from voted current expenditure.

My Department does not operate pension or investment funds and therefore does not have any guidelines in relation to investment or have any proposals to introduce any.