Written answers

Tuesday, 12 March 2019

Department of Employment Affairs and Social Protection

Social Insurance

Photo of Maureen O'SullivanMaureen O'Sullivan (Dublin Central, Independent)
Link to this: Individually | In context | Oireachtas source

677. To ask the Minister for Employment Affairs and Social Protection the amount that would be generated if the 2.6% PRSI rate of classes B, C or D increased to 3% or a minimum of €300. [12044/19]

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Low rate voluntary contributors (those formerly insured at Classes B, C and D) currently pay a 2.6% PRSI contribution rate (subject to a minimum annual payment of €250) to maintain their entitlement to widow's, widower's or surviving civil partner's (contributory) pension and guardian's payment.

There were 17 low rate contributors in 2017 and it is estimated that increasing their contribution rate from 2.6% to 3% with an increased minimum payment of €300 would yield €3,000.

I hope this clarifies the matter for the Deputy.

Comments

No comments

Log in or join to post a public comment.