The estimated cost of increasing Maternity Benefit to €350 per week is €49.74 million.
The estimated cost of increasing Paternity Benefit to €350 per week is €2.71 million.
The estimated cost of increasing Parent's Benefit to €350 per week is €19.21 million.
The estimated cost of increasing Adoptive Benefit to €350 per week is €0.03 million.
The projected cost for every additional €10 increase in the basic rate for each of the above schemes is set out in the table below:
|
Maternity Benefit
|
Rate
|
Cost
|
|
Maternity Benefit
|
€310
|
€10.73m
|
|
Maternity Benefit
|
€320
|
€20.48m
|
|
Maternity Benefit
|
€330
|
€30.23m
|
|
Maternity Benefit
|
€340
|
€39.98m
|
|
Maternity Benefit
|
€350
|
€49.74m
|
|
Paternity Benefit
|
Rate
|
Cost
|
|
Paternity Benefit
|
€310
|
€0.58m
|
|
Paternity Benefit
|
€320
|
€1.11m
|
|
Paternity Benefit
|
€330
|
€1.64m
|
|
Paternity Benefit
|
€340
|
€2.17m
|
|
Paternity Benefit
|
€350
|
€2.71m
|
|
Parents Benefit
|
Rate
|
Cost
|
|
Parents Benefit
|
€310
|
€4.14m
|
|
Parents Benefit
|
€320
|
€7.91m
|
|
Parents Benefit
|
€330
|
€11.68m
|
|
Parents Benefit
|
€340
|
€15.44m
|
|
Parents Benefit
|
€350
|
€19.21m
|
|
Adoptive Benefit
|
Rate
|
Cost
|
|
Adoptive Benefit
|
€310
|
€0.01m
|
|
Adoptive Benefit
|
€320
|
€0.01m
|
|
Adoptive Benefit
|
€330
|
€0.02m
|
|
Adoptive Benefit
|
€340
|
€0.02m
|
|
Adoptive Benefit
|
€350
|
€0.03m
|
It should be noted these costings are subject to change in the context of emerging trends and associated revision of the number of recipients for 2026 and beyond.
I trust this clarifies matters for the Deputy.