Ireland's Centenarian Bonus: Projected Costs to Reach €2.4 Million Annually by 2040s (independent.ie)
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- Department of Social Protection report highlights rising centenarian numbers
- €2,540 bounty per centenarian paid by the President
- Projected annual cost of €2.4 million by 2040s
- Driven by ageing population
"Ireland's Department of Social Protection reports a surge in centenarians, increasing costs of the €2,540 '100th birthday bounty' paid by the President. The report projects annual spending could reach €2.4 million by the 2040s, driven by an ageing population. This highlights fiscal pressures from demographic changes."
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