Dáil Éireann Debate, Thursday - 12 December 2019
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 fhreagraThe 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.
