Peter Burke
Question:458. Deputy Peter Burke asked the Minister for Social Protection her plans to remove the exemption to pay PRSI on supplementary pension; and if she will make a statement on the matter. [6005/22]
View answerTuesday, 8 February 2022
Questions (458)
Written answers
Following consultation with the Deputy's office it is understood that the question relates to a recommendation of the Commission on Pensions.
The Pensions Commission was established, inter alia, to develop options for Government to consider in addressing the sustainability of the State pension system and the social insurance fund. The Commission presented its report to Government late last year and unambiguously established that the current State Pension is not sustainable into the future and that change is needed. It is a comprehensive and detailed report that takes account of responses to an extensive consultation process. The report sets out a wide range of recommendations, including measures to increase Social Insurance Fund (SIF) income.
I will work with my officials over the coming months to examine each of the recommendations carefully and will consult with colleagues in Government through the Cabinet Committee system. I think it is very important that we get all the relevant views and complete that examination work before reaching conclusions on any specific aspect or recommendation. Thereafter, I intend to bring a recommended response and implementation plan to Government for its consideration by the end of March.
The State Pension is the bedrock of the pension system in Ireland. It is extremely effective at ensuring that our pensioners do not experience poverty. This Government is committed to ensuring that this remains the case for current pensioners, those nearing State Pension age and today’s young workers including those who are only starting their careers.
I trust this clarifies the matter.