Actuarial Review of the Social Insurance Fund as at 31 December 2020

The Minister for Social Protection Heather Humphreys has today published the report on the Actuarial Review of the Social Insurance Fund.

Section 10 of the Social Welfare Consolidation Act 2005 requires that the Minister undertakes an Actuarial Review of the position of the Fund at 5-year intervals. This is the fifth Review of the Fund, reflecting the position of the Fund as at 31 December 2020.

The Review projects the income and expenditure of the Fund over a 55-year period, taking into account policy, economic and demographic changes since the previous review was undertaken.