The Social Welfare Bill 2019, which was examined by the Government at the Cabinet meeting earlier this week introduces a new social insurance scheme for people running their own business or setting up a new one.
The legislation has been published by Minister for Employment Affairs and Social Protection, Regina Doherty TD and achieves a key commitment of the Programme for Government.
The Social Insurance System provides support for people at different time in their lives, from Children’s Benefit to the State Pension and a range of other schemes designed to help individuals and families.
This new legislation will reform the system so that everyone who contributes to the Social Insurance Fund can receive support if and when it’s needed. In particular, the legislation creates a new category of Jobseekers Benefit for the self-employed which comes into effect in cases where businesses do not work out. The bill sets out information on the social insurance contributions needed, the rate of payment and the additional supports for families, among other details.
In effect his legislation is about fairness. It is about recognising the risk that self employed people take up by setting up new local businesses and creating jobs and its about providing support in difficult times when plans do not work out.
The legislation fulfils a key commitment of the Programme for Government to introduce social insurance benefits for self-employed people and is in addition to the introduction of the Earned Income Tax Credit which has benefitted small business-owners, farmers and other self-employed groups in Galway, Mayo and across the Country.