Written answers
Tuesday, 30 September 2008
Department of Social and Family Affairs
Social Insurance
11:00 pm
Joan Burton (Dublin West, Labour)
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Question 441: To ask the Minister for Social and Family Affairs the forecast receipts from PRSI contributions for 2008; the actual figures on a comparative basis for each year since 2002; and if she will make a statement on the matter. [31976/08]
Mary Hanafin (Dún Laoghaire, Fianna Fail)
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Pay related social insurance (PRSI) receipts from both employers and employees form the main part of the income of the Social Insurance Fund (SIF). The fund provides insured contributors with both long-term pension benefits and short-term benefits such as jobseeker and illness payments. The receipts forecast from PRSI for 2008 is €8,249 million. The receipts from PRSI for each year from 2002 are set out in the table. The figures for 2007 are provisional.
Year | Receipts |
€m | |
2002 | 4,747 |
2003 | 5,048 |
2004 | 5,615 |
2005 | 6,110 |
2006 | 6,921 |
2007 | 7,722 |
The SIF was established by the Social Welfare Act 1952 (as amended). Under section 9 of the Social Welfare Consolidation Act 2005, a subvention is made from the Exchequer to the extent that receipts combined with any accumulated surplus are less than the payments that arise in a given year.
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