Social Welfare Consolidation Act 2005 section 6

Sources of moneys for benefits

Section 6 establishes the various sources of funding for the Social Insurance Fund and requires that contributions be paid into that Fund.

• The Social Insurance Fund is financed through employment contributions (comprising both employee and employer portions), self-employment contributions, optional and voluntary contributions, special contributions under Chapters 5A and 5B, and Exchequer payments.
• Employment contributions consist of two elements: a contribution from the employed person and a separate employer's contribution.
• All contribution types must be paid into the Social Insurance Fund.
• The Fund covers social welfare benefits, redundancy payments, and payments under employee insolvency legislation.