CASTRIES, St. Lucia, CMC – The St. Lucia authorities has allotted EC$1.8 million (One EC greenback=US$0.37 cents) to pay an EC$600 one-off cost to public sector pensioners.
A authorities assertion stated an estimated 3 105 pensioners will profit from the cost along with their common month-to-month pensions and that this initiative injects roughly EC$1.863 million collectively into the pockets of pensioners.
Throughout the 2021-22 funds assertion, Prime Minister Phillip J Pierre had pledged. A one-time cost of EC$500 to authorities pensioners is a dedication that was fulfilled in October final yr when the federal government allotted EC$1.5 million in the direction of the initiative.
The assertion stated that the federal government had initiated discussions on growing month-to-month pensions for eligible St. Lucian residents, noting “this proactive step follows a 4.2 % enhance granted to all pensioners underneath the Nationwide Insurance coverage Company (NIS)”.
The assertion stated that the federal government fulfilled a long-standing dedication final yr, compensating former workers of the cash-strapped regional airline LIAT (1974) and an area garment manufacturing unit.
It stated that the compensation bundle was greater than EC$6.3 million.
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