Oireachtas Joint and Select Committees
Thursday, 14 March 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 – Social Protection
Chapter 21 – Expenditure on Welfare and Employment Schemes
Chapter 22 – Welfare Overpayment Debts
Chapter 23 – Regularity of Social Welfare Payments
Social Insurance Fund – Annual Accounts 2011
12:15 pm
Ms Niamh O'Donoghue:
A number of analyses have been carried out of pensions. The most recent referenced in the report of the Comptroller and Auditor General was the actuarial review of the Social Insurance Fund. It highlighted the problems that exist. Government has taken policy decisions and changes have been made to the pensions regime, including changes to the age at which a person can qualify for a pension, the future of the State transition pension and in terms of the type of benefits people can receive. New rates relative to contributions have been introduced.