Around 59,500 pensioners across the country now benefit from the Government’s $ 25,000 a month age pension.
The Director of Social Services at the Ministry of Human Services and Social Security, Mr Whentworth Tanner, revealed that the pension population increased from 56,000 in 2019 to about 59,500 at the end of 2020.
In an interview with the Department of Public Information, Tanner said the Ministry has been working to digitize the old-age pension system.
To date, he says, over 100 pensioners have been receiving their monthly old age pension through the commercial banks.
“… Actually, that’s another program I hope more pensioners will use in 2021, considering they have an existing bank account … Of course the option is available to our pensioners, and for them to choose the that, ”said Tanner.
Once a pensioner chooses this option, the first month pension would have to go through a validation process, which can take up to three weeks. After that, it will be available in the first week of the month.
In addition, subject Minister Dr Vindhya Persaud, in a recent interview with DPI, said the option would be available for people to raise their pensions at Western Union and other money transfer organizations closest to them. The amounts would be distributed to those who close in.
This, he said, would remove the need for people to travel long distances to wait long queues at post offices.
Effective January 1, 2021, old age pension increased from $ 20,500 per month to $ 25,000 per month. This provision was made in the 2020 Emergency Budget.

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