Oireachtas Joint and Select Committees
Wednesday, 20 November 2013
Joint Oireachtas Committee on Education and Social Protection
Social Welfare Benefits: Discussion with Department of Social Protection
1:40 pm
Ms Mary Kennedy:
Yes, that is what the actuarial review found, having been asked specifically to do the costing. It did not carry out a specific costing on what should be the rate for contributors but if one looks at the actuarial review's findings on what the contribution should be, they would be far in excess of 14.75%.