The St Lucia authorities has allotted EC$1.8 million for the disbursement of an EC$600 one-off fee to public sector pensioners.
A authorities assertion mentioned an estimated 3,105 pensioners will profit from the fee 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 pledged a one-time fee of EC$500 to authorities pensioners, a dedication that was fulfilled in October final 12 months when the federal government allotted EC$1.5 million in direction of the initiative.
The assertion mentioned that the federal government has initiated discussions on rising month-to-month pensions for eligible St Lucian residents, noting “this proactive step follows a 4.2 per cent improve granted to all pensioners below the Nationwide Insurance coverage Company (NIS)”.
The assertion mentioned that final 12 months, the federal government fulfilled a long-standing dedication, offering compensation to former staff of the cash-strapped regional airline, LIAT (1974) and a neighborhood garment manufacturing unit.
It mentioned that the compensation package deal was in extra of EC$6.3 million.
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