Dáil Éireann Debate, Tuesday - 21 May 2024
399. Deputy Donnchadh Ó Laoghaire asked the Minister for Social Protection if she will outline, with regard to the jobseeker’s benefit pay related scheme, noting the revised estimates, what the full-year cost of the proposed scheme will be. [22798/24]
View answerBased on 2019 data, pre the impacts of the Covid-19 Pandemic, it is estimated that the new Jobseeker's Pay-Related Benefit for fully unemployed jobseekers will cost approximately €130 million in a full year.
Full year costs will not arise until 2026 as people who are in receipt of Jobseeker's Benefit when the new scheme commences will remain on that scheme until their claim is exhausted.
On the basis of a Jobseeker's Pay-Related Benefit implementation date in late 2024, provision has been made in Budget 2024 for €5 million.
I trust that clarifies the position for the Deputy.
The cost of Jobseeker's Pay-Related Benefit will be paid for by the Social Insurance Fund and funded by contributors through the increased PRSI rates.
