Oireachtas Joint and Select Committees
Thursday, 20 September 2012
Joint Oireachtas Committee on Education and Social Protection
Actuarial Review of the Social Insurance Fund: Discussion
10:20 am
Ms Mary Kennedy:
The report gives a figure, with regard to the normal pension, of what should be the correct level for everybody to pay to fully fund it. If memory serves me right it is approximately 15%. The contribution figure that would be required to provide jobseeker's benefit for the self-employed would be 16%. To provide the pension, jobseeker's benefit and the invalidity pension would require a 17% contribution.
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