Peter Burke (Longford-Westmeath, Fine Gael)
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374. To ask the Tánaiste and Minister for Justice and Equality the estimated cost to the Vote of his Department if the rate of employer PRSI was increased to 15.75% for the portion of salaries over €100,000; and if he will make a statement on the matter. [4706/20]

Charles Flanagan (Laois-Offaly, Fine Gael)
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I wish to advise the Deputy that the estimated cost to my Department of an increase in employer PRSI to 15.75% for the portion of salaries over €100,000 is €32,681. The basis of this estimate is set out below.

Total Salaries for Officers earning more than €100,000 (Note 1) = €2,895,343

At Current Rate (Note 2)

Total salary @ 11.05% on €2,895,343 = €319,935

At Increased Rate

First €100,000 @ 11.05% on €2,200,000 = €243,100

Portion over €100,000 @ 15.75% on €695,343 = €109,516

Total = €352,616

Difference/Cost

Increased €352,616 - Current €319,935 =€32,681

Notes:

1. There are currently 22 officers on a salary higher than €100,000

2. Employers pay 11.05% Class A employer PRSI on weekly earnings over €395 as of 1 February 2020