Dáil Éireann Debate, Tuesday - 28 September 2021
502. Deputy Alan Kelly asked the Minister for Social Protection the estimated yield that would be generated if the entry threshold for persons to access social insurance coverage increased for €38 per week to €95 per week. [46276/21]
View answerAny increase in the entry threshold for persons to access social insurance coverage from the current employee earnings level of €38 per week would lead to a reduction in the social insurance contribution yield. It is estimated that there would be a loss of approximately €7 million to the Social Insurance Fund if the entry threshold for persons to access social insurance coverage increased from €38 per week to €95 per week.
This initial reduction in income would, in time, be offset by reduced expenditure on short-term social insurance benefit schemes as those earning below the new threshold would not establish entitlement to these benefits.
I trust this clarifies the matter for the Deputy.
