Dáil Éireann Debate, Thursday - 24 March 2022
279. Deputy John McGuinness asked the Minister for Social Protection the PRSI changes being considered relative to occupational pensions; the timeline for implementing any such change; and if she will make a statement on the matter. [15617/22]
Amharc ar fhreagraThe Pensions Commission was established in November 2020 to examine the sustainability of the State Pension system and the Social Insurance Fund, in fulfilment of a Programme for Government commitment. The Commission was an independent body comprised of knowledgeable and experienced academics, pension experts, members of civil society and representatives of workers and employers. The Commission has completed its work and its report was published on 7th October 2021. The Commission's Report, its Technical Sub-Committee's working papers, and submissions made to the Commission are available on the Commission’s website, pensionscommission.gov.ie.
The Commission’s Report is a comprehensive report that takes account of an assessment of various analyses of population, labour force and expenditure projections; an examination of international approaches; and responses to an extensive consultation process. It has unambiguously established that the current State Pension system is not sustainable into the future and that changes are needed, and it has set out a wide range of recommendations in this regard including measures in relation to PRSI base broadening.
In the interests both of older people and future generations of older people, this Government intends to consider the comprehensive and far reaching recommendations in the Pensions Commission’s Report very carefully and holistically. The views of the Joint Oireachtas Committee on Social Protection, Community and Rural Development and the Islands and the Commission on Taxation and Welfare will be considered as part of the Government’s deliberations over the coming weeks.
My officials are also examining each of the recommendations and consulting across Government through the Cabinet Committee system. I think it is really important that we complete that work before reaching conclusions on any specific recommendations. In this regard, I will be bringing a recommended response and implementation plan to Government in April.
As the bedrock of the pension system in Ireland, the State Pension is very effective at ensuring that our pensioners do not experience poverty. This Government is committed to ensuring that this remains the case for current pensioners, those nearing State Pension Age and today’s young workers including those who are only starting their careers.
I hope this clarifies the matter for the Deputy.
