Niall Collins (Limerick County, Fianna Fail)
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1598. To ask the Minister for Employment Affairs and Social Protection the approximate reduction in the social insurance yield in a calendar year if the pay related social insurance employers rate of 8.5% was extended for employees earning up to €380, €385, €390, €395 and €400 per week; and if she will make a statement on the matter. [36716/17]

Regina Doherty (Meath East, Fine Gael)
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Currently, Class A employers pay PRSI at the rate of 8.5% where weekly earnings are between €38 and €376. Once weekly earning exceed €376, the rate of employer PRSI is 10.75%

The cost to social insurance fund of raising the weekly 8.5% threshold to €380, €385, €390, €395 and €400 is provided in the table below.

These estimates are based on the latest available data and reflect macro-economic indicators for 2018. It should be noted that the estimates do not take possible changes in employer behaviour arising from changing rate thresholds into account.

Niall Collins (Limerick County, Fianna Fail)
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1599. To ask the Minister for Employment Affairs and Social Protection the estimated cost to the Exchequer of a proposal by an organisation (details supplied). [36717/17]

Regina Doherty (Meath East, Fine Gael)
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Currently Class A employers pay PRSI at the rate of 8.5% where weekly earnings are between €38 and €376. Once weekly earnings exceed €376, the rate of employer PRSI is 10.75%

It is estimated introducing a new permanent employer’s rate of 4.25% for workers earning less than €380 per week would reduce income to the Social Insurance Fund by €157.4 million in a full year. This measure would impact 679,400 employments.

This estimate is based on the latest available data and reflects macro-economic indicators for 2018. It should be noted that the estimate does not take possible changes in employer behaviour arising from changing the rates of contribution into account.