Mick Wallace
Question:182. Deputy Mick Wallace asked the Tánaiste and Minister for Social Protection her plans to raise the levels of employers' pay related social insurance; and if she will make a statement on the matter. [33008/15]
View answerTuesday, 29 September 2015
Questions (182)
Oral answers (1 contributions)
Employer PRSI is payable on earnings at the rate of 10.75% in respect of weekly earnings in excess of €356 and at 8.5% on weekly earnings of €356 or less.
The Programme for Government includes a commitment that “there will be no increase in the standard 10.75% rate of employer PRSI”. Another Programme commitment related to the halving of the lower rate of employer PRSI (from 8.5% to 4.25% for a 2 ½ year period from July 2011 to December 2013). This was implemented as part of the Jobs Initiative announced in May 2011 and the rate reverted to 8.5%, as planned, at the beginning of 2014.
Any changes to the rates of employer PRSI or applicable thresholds would have to be considered in a budgetary context.