The Ministry of Finance said Friday retired public sector employees will receive their increased pension on January 21.
In a media release, the ministry said the increased pension payment to Retired Government Public Officers of $3,000 will be paid next Friday in addition to all outstanding arrears of the increased pension from September 2010.
Finance Minister Winston Dookeran announced the increased pensions in his budget presentation in Parliament last September. About 28,000 retired public officers will benefit from the increased pensions, which will cost the government an additional $280 million dollars.
The payment honours an election pledge to give a $3,000 pension to all old age pensioners. The pensions are to be harmonised with the NIS pension, which is currently $2,000 a month.
In a media release, the ministry said the increased pension payment to Retired Government Public Officers of $3,000 will be paid next Friday in addition to all outstanding arrears of the increased pension from September 2010.
Finance Minister Winston Dookeran announced the increased pensions in his budget presentation in Parliament last September. About 28,000 retired public officers will benefit from the increased pensions, which will cost the government an additional $280 million dollars.
The payment honours an election pledge to give a $3,000 pension to all old age pensioners. The pensions are to be harmonised with the NIS pension, which is currently $2,000 a month.
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