Oireachtas Joint and Select Committees

Wednesday, 16 October 2024

Select Committee on Social Protection

Estimates for Public Services 2024
Vote 37 - Social Protection (Supplementary)

9:30 am

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

The Department has a contingency fund effectively if the demographics go wrong or if unemployment increases and as pension numbers increase. The Department is on the right side of this. How does that €7 billion surplus, or reserve fund, compare to the last set of forecasts which were better than the previous set? Did the Department expect to have €7 billion at the end of this year, having been so generous? By the forecast saying the Department would have €3 billion or €4 billion in the accumulative fund? This has been fascinating me for a long time.