Pensions processed early because of Hurricane Lee
Pensioners will receive their benefits two days early as a result of Hurricane Lee, the Ministry of Finance announced today.
A ministry spokeswoman said to prevent any disruption from the storm, which is predicted to pass 188 miles west of the island on Friday morning, pension payments usually deposited on September 15 will be processed today.
She added that pension cheques have been printed and are ready for delivery at the post office.
Thanking the Accountant-General’s office and the Department of Social Insurance for their efforts, David Burt said: “It is important that our seniors can access their payments early to allow for any necessary storm preparations.”
The Premier highlighted that pension benefits have increased 4.1 per cent, leading to contributory pensions rising from $1,107 to $1,152 and the maximum monthly benefits going from $1,607 to $1,673.
“We are also proud of the fact that these increases reflect a $152 monthly increase in basic contributory pensions since 2017, and a $192 monthly increase in the maximum pension benefit during the same time period.
“This Government reveres its seniors and believes it is essential to honour its commitment to increase pensions by the rate of inflation,” he added.
People can call the Department of Social Insurance on 294-9242 with any questions.