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
Éamon Ó Cuív (Galway West, Fianna Fail)
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The key to the out-performance is not that there are fewer pensioners drawing a pension or fewer people drawing social insurance benefit; it is that employment has increased and it could not have increased if it were not for a high number of people coming into the country and working productively in the economy. It is a simple mathematical figure. All of these people, whether they be native Irish returning emigrants or people who have come in, are paying into this fund and as it is a pay as you go system, they immediately have an effect on saving for the rainy day.