In a briefing for Minister Dara Calleary, officials underscored the urgent need to ensure the pension system's sustainability through measures like a gradual increase in PRSI contributions. They emphasize a roadmap for these changes as vital for addressing anticipated shortfalls in social insurance income by 2027, instead of raising the state pension age. The document mentions recent hikes and future increases in PRSI rates, alongside significant increases in demand for services since the pandemic, highlighting the importance of legislative reforms for pension provisions.
The document emphasized that sustainability of the pension system is crucial, noting a roadmap for PRSI changes is essential to counter shortfalls in revenue.
John McKeon highlighted a 25% increase in demand for core services post-pandemic, necessitating legislative changes for enhanced pension provisions.
Collection
[
|
...
]