Saint Vincent raises pensioner benefits to combat cost of living
What happened
The government of Saint Vincent announced increases to pension benefits for 7,375 pensioners, effective January 4, 2027. Contributory pensioners who receive a minimum weekly pension of EC$80 will receive a 25% increase, bringing their weekly amount to $100.00. Additionally, the non-contributory pension and Elderly Assistance benefit will rise from $37.50 to $50 per week.
From thevincentian.com
Why it matters
The increase is part of measures introduced by the government of Saint Vincent to mitigate rising cost increases. Prime Minister Dr. Godwin Friday stated the payment is intended to help pensioners maintain purchasing power while coping with the cost of living crisis.
The Government of St. Vincent introduced measures to mitigate cost increases.
From thevincentian.com
Who's involved
- Saint VincentGovernment responsible for implementing the pension benefit increases
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The entities involved
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Saint Vincent
island of Saint Vincent and the Grenadines