New social pension programme

New social pension programme

Thursday, February 04, 2021

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CABINET has authorized the implementation of a brand new social pension programme that can see non-pensioners, aged 75 years and older, receiving $3,400 per 30 days with rapid impact.

Minister of Training, Youth and Info Fayval Williams made the announcement at yesterday’s digital post-Cupboard press briefing from Jamaica Home.

“These people shouldn’t be in receipt of a pension or every other retirement earnings, outdated age or incapacity profit.

“To qualify for the brand new pension programme, people shouldn’t be a resident in a Authorities institutionalised care facility, shouldn’t be in receipt of social help by means of PATH, poor reduction or the Nationwide Insurance coverage Scheme.

“The brand new pension programme will present $3,400 per 30 days to every beneficiary and the index profit ranges to half of the minimal pension below the Nationwide Insurance coverage Scheme,” stated Minister Williams.

Cupboard has additionally given approval for elevated advantages to Authorities pensioners, with impact from April 1, 2020.

It will see individuals receiving as much as $41,667 per 30 days getting a further $2,300 per 30 days, whereas individuals who obtain between $41,668 and $54,167 per 30 days will now get a further $1,800 per 30 days.

Additionally, pensioners who’re at present receiving between $54,168 and $83,333 per 30 days will now get a further $1,450 per 30 days and, these receiving $83,334 and over per 30 days will get a further $1,450 per 30 days.

 

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