Unless I missed it, I don't believe any of that sum came from the NPRF.
Massive amount of money, for sure, but I don't think it really has anything to do with the topic under discussion.
What do you think is the best way to address the looming pension crisis?
True, but I suppose the argument could be made that if there had been more in the pension reserve fund, other source of capital/funding wouldn't have been considered.
As for what the best ways to address the crisis, it won't be a single item but I would consider continuing raising the state pension age each 7 years to 70 or more. Decoupling contributory and non-con pensions. PRSI funds should be separated from State annual income and put aside for the purpose it was created and then, under review, should be increased appropriately to meet future needs.
Automatic enrolment in private schemes would be a key point with compulsory minimum matched employer contributions. It obviously should be a long term plan but no politician today seems to be demanding such action from their party even though, you'd imagine, the younger members would hope/expect to still be politicking when the This post will be deleted if not edited to remove bad language hits the fan.