Pearse Doherty
Ceist:84 Deputy Pearse Doherty asked the Minister for Social Protection the cost to the State of reducing employers PRSI from 8.5% to 4.25% for those earning up to €356. [8935/11]
Amharc ar fhreagraThursday, 21 April 2011
Ceisteanna (83)
Freagraí scríofa
It is estimated that the 2012 full year cost to the Social Insurance Fund of halving the PRSI paid in respect of employees earning up to €356 per week, from 8.5% to 4.25%, would be in the region of €174 million.
The full year reduction in income to the Social Insurance Fund is estimated to be slightly lower in subsequent years (€168 million in 2013). The decline in the estimate over these two years is caused by projected increases in average incomes having the effect of raising pay for some employments to levels which attract the higher rate of employer's PRSI.