Pensions
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
Increasing the combined PRSI contributions of employees and businesses to a steady-state rate of 18.5 per cent from next year, along with the establishment of a stand-alone state pension fund, could help reduce the pension tax burden on future generations, a new research paper has found.
The study, compiled by researchers from the Irish Fiscal Advisory Council (Ifac), the state’s budgetary watchdog, estimates that switching to a partially-funded model for the pension system could result ...
