Dáil Éireann - Volume 373 - 09 June, 1987

Written Answers. - Social Insurance Fund.

Mr. Hilliard Mr. Hilliard

99. Mr. Hilliard asked the Minister for Social Welfare the amount under each heading for example health contribution, or youth employment levy which was collected by the 7.5 per cent PRSI deduction in wages, 1986 outturn; the way in which this money was spent; and if he will give details of the 1987 estimate.

Minister for Social Welfare (Dr. Woods) Michael J. Woods

Minister for Social Welfare (Dr. Woods): The amount collected under each element of the 7.5 per cent PRSI employee contribution in 1986 with comparable figures for 1987 is as follows:

Notes:

(1) Payable on earnings up to a ceiling of £14,700 in 1986-87, and £15,500 in 1987-88.

(2) Payable on earnings up to a ceiling of £14,000 in 1986-87 and £15,000 in 1987-88.

(3) Payable on all earnings.

940

The yield of the employee social insurance contribution forms part of the income of the social insurance fund which finances the various benefits and pensions [940] which are paid out of the fund. The yield from the health contribution goes towards the funding of the health services. The youth employment levy is used to fund expenditure on employment, training, work experience and job creation programmes for young people.

Dáil Éireann 373 Written Answers. Social Insurance Fund.

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