The estimated full year cost of increasing the State Pension (Contributory) only by €14 is €376.7 million - this cost does not include any costs in respect of other pensions schemes.
The estimated full year cost of increasing Disability Allowance by €14 is €122.4 million.
The costs shown above are on a full year basis and are based on the estimated number of recipients in 2023. It should be noted that these costings are subject to change in the context of emerging trends and associated revision of the estimated numbers of recipients for 2024.
It should also be noted that these costings include proportionate increases for qualified adults and for those on reduced rates of payment, where relevant.