Results 1-4 of 4 for harrington segment:8818830 speaker:Marc Ó Cathasaigh
- Joint Oireachtas Committee on Social Protection: General Scheme of the Social Welfare (Pay-Related Social Insurance and Jobseeker’s Pay-Related Benefit Provisions) Bill 2024: Department of Social Protection (31 Jan 2024)
Marc Ó Cathasaigh: .... I have one main concern which is the possibility of seeing an employment shock like we got around 2008 for example, where a large number of people became unemployed in a short space of time. Ms Harrington has given an estimate of a full-year cost of this scheme running to €130 million but has the Department stress-tested that against larger economic shocks? A government of the...
- Joint Oireachtas Committee on Social Protection: General Scheme of the Social Welfare (Pay-Related Social Insurance and Jobseeker’s Pay-Related Benefit Provisions) Bill 2024: Department of Social Protection (31 Jan 2024)
Marc Ó Cathasaigh: It is a difficult question to answer of course but whether that will be enough is the issue. The Department has costed this at €130 million in the present environment. I acknowledge that Ms Harrington said that on average, if you look over 23 years, buoyancy is more present than shocks but the current period is unusual. In terms of labour force participation, we are practically at...
- Joint Oireachtas Committee on Social Protection: General Scheme of the Social Welfare (Pay-Related Social Insurance and Jobseeker’s Pay-Related Benefit Provisions) Bill 2024: Department of Social Protection (31 Jan 2024)
Marc Ó Cathasaigh: I hope Ms Harrington is correct. I have nothing further to add. I thank the Chair.
- Joint Oireachtas Committee on Social Protection: General Scheme of the Social Welfare (Pay-Related Social Insurance and Jobseeker’s Pay-Related Benefit Provisions) Bill 2024: Department of Social Protection (31 Jan 2024)
Marc Ó Cathasaigh: I thank Ms Harrington, in that case. I thank all the witnesses. This does conclude the committee's business in public session for today. I propose the committee now goes into private session to consider other business.