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Pension Provisions

Dáil Éireann Debate, Tuesday - 12 May 2015

Tuesday, 12 May 2015

Questions (263)

Aengus Ó Snodaigh

Question:

263. Deputy Aengus Ó Snodaigh asked the Tánaiste and Minister for Social Protection if she will provide a breakdown, by year, from 2016 to 2021, of the estimated additional expenditure required to meet the requirements of demographic changes, on a no-policy-change basis; and if she will identify the component parts of that expenditure. [18695/15]

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Written answers

It is provisionally estimated that the number of pensioner payments will increase by around 17,000 each year in the years 2016 to 2018, resulting in an additional cost over this period of the order of €600 million. These estimates will be revised on an ongoing basis as more up-to-date trend data becomes available. It is expected that the current demographic pressures will continue and that expenditure over the 3 year period 2019 to 2021 will increase at least by a similar order of magnitude to 2016 to 2018.

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