Dáil debates

Wednesday, 20 September 2017

Other Questions

Pension Provisions

5:45 pm

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael) | Oireachtas source

Let me be very clear. First, there is a difference between employers' PRSI contributions in Ireland and those made in other continental European countries. The difference is that what those countries give for the insurance payments is vastly different from what we give in benefits in this country. I am absolutely sure that if in this country there were to be an increase in PRSI payments, or if employers were asked to increase PRSI contributions, one would want to get a hell of a lot back, as opposed to paying for something for which they are already paying.

As I said, I do not know what report the former Minister was talking about.

A large amount of work has been done in the Department around the anomalies in the scheme. A new scheme which will involve total contributions over the average life span of everybody's working life is the model towards which we are moving. I cannot do that unilaterally and certainly cannot do it unilaterally politically. More importantly, the millions of people in this country whose lives will be affected need to be consulted and told what our plans are, and we need to get their input as to how we get there. That is what is going to happen over the next couple of weeks.

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