PRSI fund income and expenditure
Cluskey asks about the fund’s income over expenditure and whether contribution rates should be reduced. Woods gives total contributions collected to 31 January 1980, clarifies this is not the surplus figure requested, and asks Cluskey to submit a question for that figure; the Chair then moves on to written-answer questions.
Can the Minister state what the income over expenditure is in the pay-related social fund since its inception?
Comment on this
The total amount of contributions collected for the current year up to 31 January 1980 was £254.48 million.
Comment on this
In view of the excessive income over expenditure has any review been made of the percentage rate paid by employers and employees with a view to reducing that?
Comment on this
No, that was the total amount of contributions for the current year to 31 January 1980.
Comment on this
I asked the Minister for the total income over expenditure since pay-related contributions came into being.
Comment on this
I do not have that figure here, but if the Deputy will put down a question I will get the figure.