Niall Collins
Ceist:1599. Deputy Niall Collins asked the Minister for Social Protection the estimated cost to the Exchequer of a proposal by an organisation (details supplied). [36717/17]
Amharc ar fhreagraWednesday, 26 July 2017
Ceisteanna (1599)
Freagraí scríofa
Currently Class A employers pay PRSI at the rate of 8.5% where weekly earnings are between €38 and €376. Once weekly earnings exceed €376, the rate of employer PRSI is 10.75%
It is estimated introducing a new permanent employer’s rate of 4.25% for workers earning less than €380 per week would reduce income to the Social Insurance Fund by €157.4 million in a full year. This measure would impact 679,400 employments.
This estimate is based on the latest available data and reflects macro-economic indicators for 2018. It should be noted that the estimate does not take possible changes in employer behaviour arising from changing the rates of contribution into account.