tag:blogger.com,1999:blog-2826531655042170344.post516611040307114536..comments2024-03-26T11:29:52.986+00:00Comments on Economic Incentives: A‘Low-tax’ or ‘Low-insured’ Economy?Seamushttp://www.blogger.com/profile/15679299530222667673noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2826531655042170344.post-69536871373598666282012-12-20T12:51:18.050+00:002012-12-20T12:51:18.050+00:00PRSI ee is 4% in Irl and about 20% in Germany, tha...PRSI ee is 4% in Irl and about 20% in Germany, that's UI plus pension ins plus health ins plus LT care ins.<br /><br />Here, PRSI is often lumped in as (another) tax. I feel we should enhance the distinction between PRSI and tax. One way to do this is to widen the gap between SI benefits and means-tested social assistance.<br /><br />In most countries, the insurance benefits are much higher than SA payments, which is correct, as workers who pay more SI conts should receive more than people who didn't.<br /><br />Yet here, the non-con pension is 219pw and the PRSI-based pension is 230pw.<br /><br />For working 40 years you get 11pw more than somebody with no PRSI.Stephen McNenahttp://www.nuigalway.ienoreply@blogger.com