Oireachtas Joint and Select Committees
Thursday, 29 November 2018
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 37 - Social Protection
Chapter 11 - Regularity of Social Welfare Payments
Chapter 12 - JobPath Employment Activation Service
Chapter 13 - Actuarial Review of Social Insurance Fund
Chapter 14 - Overpayments of Age-Related Jobseeker's Allowance
Chapter 20 - PRSI Contributions by the Self-Employed
2017 Social Insurance Fund
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
I would take everything in that chapter with a suitable grain of salt because assumptions have been made about GDP growth for the next 50 years, about the inflation rate for the next 50 years, about life expectancy for the next 50 years, about employment growth in the economy for the 50 years, about the projected increase of workers for every individual over the same period and about the unemployment rate. It is a lovely chapter but it has to be taken with a grain of salt. Am I being too severe? Based on the assumptions, the figures work out but the assumptions are far into the future. I am just making the point that it has to be taken with a severe dose of caution.
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