Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context

Question 52: To ask the Minister for Social Protection the cost to the Exchequer of halving the lower rate of PRSI up to 2013; and if she will make a statement on the matter. [7097/11]

Joan Burton (Dublin West, Labour)
Link to this: Individually | In context

PRSI receipts do not form part of Exchequer funding but are paid into the Social Insurance Fund. It is estimated that reducing the rate of employer's Class A PRSI from 8.5% to 4.25% would reduce Social Insurance Fund income by €174 million in 2012 and €168 million in 2013. The decline in the estimate over the two years is caused by projected increases in average incomes having the effect of raising pay for some jobs to levels which attract the higher rate of employer's PRSI.