Oireachtas Joint and Select Committees
Wednesday, 31 January 2024
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
Marc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source
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 0% unemployment as we understand it. The people who are currently not employed are those with whom it traditionally has been very difficult to make an attachment to the labour market. If the Department has done that stress-testing and has run those scenarios, is there a figure in terms of what a bad year looks like? Does Ms Harrington have a figure of the total cost of this type of scheme in a bad year?
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