Dáil Éireann Debate, Tuesday - 23 September 2014
86. Deputy Stephen S. Donnelly asked the Tánaiste and Minister for Social Protection the estimated annual cost of changing employees' PRSI for Class BX and Class B1 to 4% on all earnings above €352.01 per week. [35328/14]
View answer87. Deputy Stephen S. Donnelly asked the Tánaiste and Minister for Social Protection the estimated annual cost of changing employees' PRSI for Class CX and Class C1 to 4% on all earnings above €352.01 per week. [35329/14]
View answer88. Deputy Stephen S. Donnelly asked the Tánaiste and Minister for Social Protection the estimated annual cost of changing employees' PRSI for Class DX and Class D1 to 4% on all earnings above €352.01 per week. [35330/14]
View answer89. Deputy Stephen S. Donnelly asked the Tánaiste and Minister for Social Protection the estimated annual cost of changing employees' PRSI for Class HX and Class H1 to 4% on all earnings above €352.01 per week. [35331/14]
View answer90. Deputy Stephen S. Donnelly asked the Tánaiste and Minister for Social Protection the estimated annual cost of changing employees' PRSI for Class DX and Class D1 to 4% on all earnings above €352.01 per week. [35332/14]
View answerI propose to take Questions Nos. 86 to 90, inclusive, together.
The table below shows the estimated yield from changing employees’ PRSI for Classes BX, B1, CX, C1, DX, D1, HX and H1 to 4% on all earnings above €352 per week.
|
CLASS |
YIELD |
NO. OF EMPLOYMENTS AFFECTED |
|
BX and B1 |
€38.5m |
24,422 |
|
CX and C1 |
€1.2m |
589 |
|
DX and D1 |
€110.4m |
62,917 |
|
HX and H1 |
€315,000 |
8,120 |
Employees paying PRSI at Classes B, C, D and H pay a lower modified rate of employee PRSI and accordingly have limited social insurance entitlements. Employees paying PRSI at the rate of 4% are in PRSI Class A and have access to the full range of short-term and long-term benefits. Any proposal to increase the employee PRSI contributions of Classes B, C, D and H to 4% could have significant cost implications as consideration would have to be given to granting access to the range of Class A benefits. Any such proposal would have to be considered in a budgetary context.
