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.