asked the Minister for Social Welfare the actual or estimated income and outgoings of the Social Insurance Fund in 1979 other than occupational injuries in respect of each of the principal insurance benefits, in the form of a reply to parliamentary question No. 39 of 4 May 1960.
Written Answers. - Social Insurance Fund.
333.
The required information is as follows:
|
Estimated Receipts £000's |
Estimated Payments £000's |
||
|
Contributions from employers and insured persons |
296,500 |
Disability Benefit |
80,620 |
|
Invalidity Pension |
17,400 |
||
|
Contributions from investments |
889 |
||
|
Unemployment Benefit |
43,160 |
||
|
Other receipts |
110 |
||
|
Maternity Allowance |
3,250 |
||
|
Exchequer contributions |
77,372 |
||
|
Maternity Grant |
340 |
||
|
Widows (Contributory) Pension |
63,850 |
||
|
Orphans (Contributory) Pension |
650 |
||
|
Treatment Benefit |
3,910 |
||
|
Old Age (Contributory) Pension |
76,760 |
||
|
Retirement Pension |
36,200 |
||
|
Deserted Wife's Benefit |
3,450 |
||
|
Death Grant |
295 |
||
|
Pay-Related Benefit |
22,675 |
||
|
Administration Expense |
21,931 |
||
|
Other Payments |
380 |
||
|
Total |
374,871 |
Total |
374,871 |
334.
asked the Minister for Social Welfare the estimated income and outgoings of the social insurance fund in 1979 other than occupational injuries in the form of a reply to Parliamentary Question No. 33 of 4 May 1960.
The required information is as follows:
Estimated receipts and payments of the social insurance fund for the year 1979 expressed as an average weekly amount in respect of each insured person out of an estimated effectively insured population of 867,000 at 31 March 1979:
|
Estimated Receipts |
Estimated Payments |
||
|
Contributions from employers and insured persons |
£6.58 |
Disability Benefit |
£1.79 |
|
Invalidity Pension |
£0.39 |
||
|
Contributions from investments, and other receipts |
£0.022 |
Unemployment Benefit |
£0.96 |
|
Exchequer contributions |
£1.72 |
Maternity Allowance |
£0.07 |
|
Maternity Grant |
£0.007 |
||
|
Widow's (Contributory) Pension |
£1.42 |
||
|
Orphans (Contributory) Pension |
£0.01 |
||
|
Treatment Benefits |
£0.09 |
||
|
Old Age (Contributory) Pension |
£1.70 |
||
|
Retirement Pension |
£0.80 |
||
|
Deserted Wife's Benefit |
£0.08 |
||
|
Death Grant |
£0.006 |
||
|
Pay-Related Benefit |
£0.50 |
||
|
Administrative Expenses |
£0.49 |
||
|
Other Payments |
£0.009 |
||
|
£8.322 |
£8.322 |
335.
asked the Minister for Social Welfare the weekly rates of social insurance contributions now in payment to the social insurance fund by employees and the amount of contribution deductible for income tax purposes, in the form of a reply to a parliamentary question of 4 April 1963.
A system of fully pay-related social insurance contributions came into operation on 6 April 1979. Under this system contributions are calculated on a percentage of each employee's earnings from insurable employment up to a ceiling of £7,000 in an income tax year. The earnings are those assessable to income tax, that is, gross earnings less allowable superannuation contributions, and liability for contributions arises on each individual payment of earnings to an employee.
The standard rate of employee contribution which applies to the vast majority of insured persons is presently fixed at 4.5 per cent, which includes a 3.5 per cent social insurance contribution and a 1 per cent health contribution.
Since the introduction of the PRSI system, direct income tax relief on the employee's social insurance contribution was discontinued. However, to compensate for this situation, account has been taken of the extra income tax charge to an employee in calculating the employee's social insurance contribution and an appropriate reduction has been made in the rate of contribution.