Pension tops £16,000 a year after 4.7% increase
Summary
Pension payments in Jersey will rise by 4.7%, adding £734 per year to the pension. This increase will make the total annual pension £16,294, with more help available for low-income pensioners.Key Facts
- The pension increase is 4.7%, or about £14 extra per week.
- The total pension amount will be £16,294 per year after the increase.
- The pension is adjusted each October based on inflation measured by the pensioner retail price index.
- Additional help includes cold weather payments and free TV licenses for those with low incomes.
- Jersey’s Social Security Minister, Senator Elaine Millar, highlighted the importance of pensions for older people.
- Other support programs include Pension Plus and the Health Access Scheme to assist pensioners with healthcare and heating costs.
- The government is working to introduce mandatory workplace pensions alongside the existing pension system.
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