So no civil servant will get less than $725 per month pension,” said Prime Minister Pierre

Parliament met on Tuesday, June 18th to amendment the Pensions Act to increase the minimum salary payments to pensioners come August 1st.

Both government and NIC pensioners will receive an increase in their minimum wages. Government pensioners, whose minimum salary is $300, will have a new minimum which is almost twice that amount. 

“Mr. Speaker, are you aware that there are government pensioners and other pensioners in this country who earn $300 a 300-a-month pension? Effective August 1st 2024, the minimum pension payable to government pensioners will be increased to $725,” the Prime Minister explained.

NIC pensioners will also benefit from an increase in their minimum wages.

“The National Insurance Corporation, in consultation with the actuaries, has also decided to increase its minimum pension to $500 per month from the existing $300. About 2,400 pensioners will benefit from this increase effective August 1st 2024.”

Pierre says the government will remain in dialogue with the NIC to increase these payments in the coming years.

“As you know, the NIC is a science, pensions are a science. We're going to ask the NIC to speak to the actuaries. Hopefully, we'll see if we can increase it again next year.”

These new payment amounts will come into force alongside the new minimum wage on August 1st 2024.