Social Insurance

Dáil Éireann Debate, Tuesday - 9 April 2024

Tuesday, 9 April 2024

Ceisteanna (761)

Pearse Doherty

Ceist:

761. Deputy Pearse Doherty asked the Minister for Social Protection further to Parliamentary Question No. 463 of 12 December 2023, if the estimated revenue that would be raised in each of the years 2024 to 2030 for the rate increases specified are cumulative, for example, the revenue raised of €913 million in 2028 from a 0.2 percentage point increase in the Class A rate of Employers PRSI includes the revenue generated from rate increases in prior years); and, if so, to provide the same table with revenue generated in each year on a non-cumulative basis. [14278/24]

Freagraí scríofa

Minister for Social Protection

The table provided in response to parliamentary question no. 463 of 12 December 2023 showed the estimated additional PRSI yields in each of the individual years 2024 to 2030 and not cumulative year on year. To take the example provided in the question, the €913 million additional yield in the class A rate of employer PRSI in 2028 represents the additional yield on earnings in that year arising from the 0.7% increase in the PRSI rate which would be in effect in that year, compared with the position where none of the rate increases from 2024-2028 had occurred.