Castries, Saint Lucia: The government of Saint Lucia will pay 3105 pensioners, a one-time payment of $600 along with their monthly pensions on November 23. 2023.
Prime Minister Philip J Pierre confirmed this news through his official Facebook handle. Notably, a total of $1.863 million will be directly pumped into the local economy through this relief effort.
It is to be added in the remarks of the Prime Minister of Saint Lucia that last year in October, pensioners were paid a one-time payment of amount $500.
The government of Saint Lucia has begun discussions on increasing the monthly pensions to eligible citizens, following a 4.2% increase for all pensioners under the National Insurance Company.
“We have begun discussions on increasing the monthly pensions to our eligible citizens”, PM Pierre added.
It is to be noted that the administration will continue to provide relief to their citizens as they grapple with the imported inflation and other external shocks which affect the natives of Saint Lucia.
The Prime Minister added that the payment delivered $1.5 million in direct financial relief to government pensioners who are living on a fixed income.
Notably, this will significantly supplement pensioners’ disposable income and provide them with the means to maintain a decent standard of living or easily regulate their livelihood.
This ensures that they can better cope with inflation and improve their overall quality of life.
In addition, these relief measures reflected the government’s commitment to social welfare and support for its elderly citizens.
The government also acknowledges the contributions of the pensioners that they have made to society through their services.
Therefore, by assisting pensioners in meeting their financial needs, the government indirectly supports local businesses and employment opportunities.
This policy decision not only benefits the pensioners but also reinforces the government’s dedication to social welfare and economic stability, so it will be a win-win for both the beneficiaries and the nation as a whole.