Dáil Éireann Debate, Tuesday - 23 June 2015
148. Deputy Anthony Lawlor asked the Tánaiste and Minister for Social Protection the estimated cost to the Exchequer if there was a budgetary increase to the State pension of €5 and €10 per week respectively. [24511/15]
View answerThe cost of increasing the State Pension Contributory (SPC) and the State Pension Non Contributory (SPNC) by €5 per week is €102.2 million and €25.4 million respectively in a full year.
The cost of increasing SPC and SPNC by €10 per week is €204.3 million and €50.8 million respectively in a full year.
The cost of increasing all pension rates – SPC, SPNC, Widow/er/Surviving Civil Partner Contributory Pension (aged 66 and over), Death Benefit (aged 66 and over) and Carer’s Allowance (aged 66 and over) – by €5 and €10 per week respectively is circa €151.1 million and €302.2 million respectively in a full year.
These costs also include proportionate increases for any qualified adults, where applicable.
It should be noted that these costings are subject to change over the coming months in the context of emerging trends and associated revision of the estimated numbers of recipients for 2016.
