National Pensions Reserve Fund Act, 2000
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Investment policy for Fund. |
19.—(1) Moneys standing to the credit of the Fund shall, from time to time, be held or invested for the benefit of the Fund by the Commission, in or outside the State, so as to secure the optimal total financial return, as to both capital and income, having regard to— | |
(a) the purpose of the Fund as set out in section 18 (1), and | ||
(b) the payment requirements of the Fund as provided for under section 20 , | ||
provided the level of risk to the moneys held or invested is acceptable to the Commission. | ||
(2) Any income, capital or other benefit received in respect of moneys held or invested by the Commission shall be paid into the Fund and held or invested for the benefit of the Fund in accordance with subsection (1). |