The Risk Register: Files show new laws needed to protect a depleting Social Insurance Fund
Legislative changes are urgently needed to shore up what is payable from the Social Insurance Fund, which finances various social insurance benefits and pension benefits and is due to enter into a deficit by 2035 as the country’s population ages. This was a recent warning from officials in the Department of Enterprise over concerns that the State could be on the hook in the future for higher pension payments to workers at companies that enter insolvency, after a recent landmark Workplace Relations Commission (WRC) decision landed it with a €2.9 million bill from the dwindling fund. The Social Insurance Fund…
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