Michael McGrath (Cork South Central, Fianna Fail)
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Question 150: To ask the Minister for Social Protection the estimated reduction in income for the remainder of 2011 from a halving of the lower rate of employer PRSI of 8.5% from 1 July 2011 and the corresponding reduction in income for the full calendar year 2012. [8283/11]

Joan Burton (Dublin West, Labour)
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It is estimated that the reduction to the Social Insurance Fund, as a result of halving the rate of employer's Class A PRSI from 8.5% to 4.25% from 1 July 2011, would be in region of €75 million. The estimated 2012 full year reduction in Social Insurance Fund income caused by lowering the employer's Class A rate to 4.25% would be €174 million.