Increasing PRSI to a ‘steady state’ of 18.5% will reduce pensions burden for future taxpayers - Ifac

The state’s budgetary watchdog estimates that switching to a partially-funded model for the pension system could result in the build-up of a massive fund well in excess of €100 billion

Current demographic projections forecast that the old-age dependency ratio in Ireland is set to more than double by 2050. Picture: Fergal Phillips