Mr. John McKeon:

We are conscious of that, Chairman. I will give two of the design features before I talk about the cost. There is a cap, which is €450. Therefore, the worker on €100,000 will not be getting 60% of €100,000. The cap is €450. We have also increased the minimum payment. There is a minimum payment on jobseeker's benefit at the moment of €100 per week. In fact, not many people realise that the existing jobseeker's benefit is pay related, but the pay related levels are so low that most people get the maximum rate. However, there is a €100 minimum rate. We have actually increased that to €150. That is what we are saying the new minimum rate will be. The cost to the social insurance fund is estimated at €130 million per year.