Social fund will need large top-ups, says KPMG

Contributions to the Social Insurance Fund would have to rise by 28% over the next five years if the fund is to be balanced without exchequer subventions, a new report says.

1st September, 2012

Contributions to the Social Insurance Fund would have to rise by 28 per cent over the next five years if the fund's income and expenditure are to be balanced without exchequer subventions, according to an actuarial report by KPMG,* writes Political Correspondent Niamh Connolly,*

The report, to be submitted to cabinet, points to the need for significant exchequer top-ups to the fund over the coming years to balance income and outgoings, in the absence of increased...

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