The Commission on Pensions has estimated that keeping the state pension age at 66 will require PRSI rates for workers to increase from 4 per cent to 4.6 per cent by 2030. It said that employers’ PRSI of 11.05 per cent would need to increase to 11.6 per cent by 2030, while PRSI [[[[[for self-employed should rise from 4 per cent to 10 per cent by 2030.}}]] THAT WOULD SEE THE MINIMUM UP FROM 500 to 1200 ?
The commission also recommended a further 2.7 per cent increase in the PRSI rates for workers and employers by 2050,[[[[ as well as a further 4.4 per cent increase for the self employed.]]]]]
Varadkar said that if the government would increase PRSI contributions if it needed to. “That’s being done for a very good reason to make sure that people can choose to retire at 66 if they want to, and also making sure the pensions are decent in Ireland, that they're at least enough to get by on,” he said.
