– 8523 received $20,000 annual electricity subsidy
For 2013, the Ministry of Human Services and Social Security recorded 40,656 pensioners receiving their old age pension which was increased to $12,500 per month, according to Jennifer Webster, Minister of Human Services
and Social Security.
In Guyana, old age pensions are paid from age 65 (this despite the retirement age for public workers being 55).
She said that this is not withstanding that a total of 8523 pensioners benefitted from the $20,000 electricity subsidy. These pensioners were from Regions Two, Three, Four, Five, Six and Seven. The $20,000 subsidy was announced earlier this year by Finance Minister, Dr. Ashni Singh as part of a menu of measures in the 2013 budget to assist the vulnerable in society.
There is also in excess of $200M being spent annually to help pensioners pay water charges. In announcing the $20,000 subsidy earlier this year in his Budget presentation, Dr. Singh said that the assistance will reduce the electricity charges that will have to be met by each pensioner. It will in effect increase the disposable income of senior citizens by a further $590M per annum.
“A major priority of Government has been its undisputed efforts in budgetary allocations towards enhancing the living standards of pensioners and those encountering adverse circumstances, the recipients of public assistance.” Minister Webster noted.
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