The estimated full year cost of increasing all pension payments by €1 per week is detailed in the table:
Scheme
|
Full Year Cost 2019 - €m
|
Social Insurance Schemes
|
|
State Pension (Contributory)
|
22.15
|
Widow/er's Contributory Pension (Aged 66 and over)
|
4.46
|
Deserted Wife's Benefit (Aged 66 and over)
|
0.12
|
Death Benefit Pension (Aged 66 and over)
|
0.02
|
Social Assistance Schemes
|
|
State Pension (Non Contributory)
|
5.03
|
Carer's Allowance (Aged 66 and over)
|
0.13
|
Half Rate Carer's Allowance (Aged 66 and over)
|
0.31
|
Total Pension Payments
|
32.22
|
It should be noted that these costings include proportionate increases for qualified adults and for those on reduced rates of payment, where relevant.
The costs shown above are on a full year basis and are based on the estimated number of recipients in 2019. It should be noted that these costings are subject to change in the context of emerging trends and associated revision of the estimated numbers of recipients for 2019.
The appropriate rate of weekly social welfare rates of payment, including the rates for pensioners, will be considered by Government in the context of Budgetary deliberations.