Oireachtas Joint and Select Committees

Wednesday, 16 February 2022

Committee on Budgetary Oversight

Indexation of Taxation and Social Protection System: Discussion (Resumed)

Mr. Ciarán Lawlor:

I do not have those data to hand but we will see whether we can get something for the committee. I am not sure whether we have the data on migrants per se, but we will certainly be able to supply to the committee the data on people's effective retirement ages afterwards. I do not have them to hand.

There was just one other point. It comes back to the issue the Deputy raised on the sustainability of expenditure given the demographics. The Department of Social Protection produces, as a legislative requirement, an actuarial review of the Social Insurance Fund every five years. That looks at projections decades ahead. It looks, for instance, at various assumptions around migration, fertility, economic growth and mortality. That will be published towards the end of the year. That will give us another set of projections with more up-to-date data on the long-term impact of population ageing.