To update this for 2013 Estimates
per.gov.ie/wp-content/uploads/Ex … at-Pro.pdf
The single biggest scheme cost for Social Protection is:
State Pension Contributory with a 2013 Estimate (pg181 on) of 3.985bn and growing (up 185m from 2012 alone)
In comparison, the combined cost of Jobseeker’s Allowance and Jobseeker’s Benefit is 3.6bn.
With pension costs going up each year this huge cost must be tackled. And soon.
We also fund the
State Pension Non Contributory (957m), and
State Pension Transition (166m).
Then there is
Widows’, Widowers’ / Surviving Civil Partners’ Pension (Contributory) (1.34bn), and
Widows’, Widowers’ / Surviving Civil Partners’ Pension (Non-Contributory) (16m)
Any ideas on tackling the cost?
Many Pensioners may be better off since 2007, or at least not too worse off, as they did not have any cuts that employed persons and Jobseeker’s had, and we have had inflation of just 5.5% between February 2007 and July 2012.