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
Mr. John McKeon:
It would not be sustainable for the Social Insurance Fund but, arguably, it is, potentially, sustainable for the State. The Irish pension share expenditure on public pensions as GNI* was about 4%. Many other countries that are already ahead of us have equivalent GDP spending of about 8%. That is, effectively, what is said will happen in Ireland. It is just a question of whether that 8% spending is funded through the Social Insurance Fund or whether it comes out of general taxation.
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