Written answers

Wednesday, 15 December 2010

Department of Social and Family Affairs

Social Insurance

11:00 pm

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Labour)
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Question 164: To ask the Minister for Social Protection the basis on which the estimate for the yield of €145 million from the abolition of the PRSI ceiling was arrived at when all previous estimates and replies given to parliamentary questions put the figure at €119 million in a full year [47550/10]

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail)
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Estimates regarding potential yields and costs resulting from changes to the PRSI system are calculated by the Department of Social Protection, based on macro-economic projections produced by the Department of Finance.

The estimate of a yield of €119m from the abolition of the PRSI ceiling for ordinary employees was based on projections produced in 2009. Final economic projections for 2010 were furnished to this Department by the Department of Finance in late 2010 and the €145m estimate is based on these more up to date projections.

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