(CMR) Public Service pensioners received a one-off payment of $450 on Thursday, 1st September to assist with increased living expenses linked to high fuel costs.
The payment funded by the Cabinet was added to their pension payment for August. This one-off payment matches the $150 per month honorarium that was paid to civil servants during June, July and August.
Premier Hon. Wayne Panton said the Government was pleased to be able to support this payment to Public Service pensioners.
“The impact of the sharp increase in the cost of living is especially pronounced for our pensioners, whose pensions represent a fixed income. This initiative is another example of how we, as a Government, are helping our people survive the rising cost of living,” he said.
The Public Service Pensions Board has lodged the payments directly to the accounts of Public Service pensioners.
Meantime, civil servants expect to receive a 2 percent cost of living adjustment (COLA) this month, which will provide a sustained salary increase.