Oireachtas Joint and Select Committees
Wednesday, 27 September 2023
Joint Oireachtas Committee on Social Protection
General Scheme of the Social Welfare (Amendment) Bill 2023: Discussion
Denis Naughten (Roscommon-Galway, Independent) | Oireachtas source
On the age threshold of 66, Mr. Duggan has said there is an actuarial calculation done if someone is getting an enhanced pension beyond their 66th birthday. I presume that this actuarial calculation is only being done on the primary payment and not on any supplementary supports the person would be entitled to. There is a saving to the State as a result of that. Is any calculation being done on the potential saving to the State in terms of those supplementary payments that are being deferred? The example that jumps to mind is the qualified adult allowance, which would not be paid at the age of 66 if it was deferred, potentially to the age of 70. I presume there is no actuarial calculation on that so this is a net saving to the State. Have we any figures on that? The impression has been given that this is all about cost, that it is cost neutral, or that it is a cost to the Exchequer, but there are savings built into this as well if there was a substantial uptake. Have we any idea for the figures on that?
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