Accrued to Date Liability - Social Security Pension Schemes

An Actuarial Review of the Social Insurance Fund as at 31 December 2021 was completed by the department in December 2023.

The value of the State’s Accrued-to-Date Liability (the ‘ADL’) in respect of current and former contributors to the Social Insurance Fund, and current pensioners, was estimated as €470.7 billion as at 31 December 2021.

The “Accrued-to-Date Liability” estimates the amount of money that would have to be set aside today to pay for all future social insurance pension payments arising from accrued benefits as at 31 December 2021. The Accrued-to-Date Liability does not include the value of both future social insurance contributions nor any future pension obligations arising from future PRSI contributions of both current and future workers.

The current review of the State’s social security pension obligation was carried out on behalf of the Central Statistics Office who are required to compile a supplementary table showing the accrued liabilities of all funded and unfunded Irish pension schemes as part of the National Accounts, under Regulation (EU) No. 549/2013.

You can find the Accrued to Date Liability 2018 - Social Security Pension Schemes report here.