Thursday, 12 December 2019

Ceisteanna (352)

Tom Neville

Ceist:

352. Deputy Tom Neville asked the Minister for Employment Affairs and Social Protection the estimated cost of increasing the contributory and non-contributory pensions by €5 in each of the years 2021 to 2025. [52519/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Employment)

The estimated year-on-year cost of increasing all contributory and non-contributory pensions by €5 per week (with proportionate increases for qualified adults), based on the projected number of recipients in each year is detailed in the following table.

2021

2022

2023

2024

2025

Total Cost

Cost of €5 increase

€172.0m

€172.8m

€189.9m

€199.7m

€219.7m

€954.1m

It should be noted that this costing is subject to change in the context of emerging trends and associated revision of the estimated numbers of beneficiaries each year to 2025.