The increase comes at a time when pensions were low, owing to the current formula used to determine pensioners’ earnings under the two schemes-the national pension Scheme (NPS) and Workers’ Compensation Insurance scheme (WCIF).
According to NSSA general manager James Matiza, “The NPS, for those who retired prior to the multi-currency era, increased from US$25 to US$40 per month. Survivors and Invalidity Pensions were increased from US$10 to US$15 per month. The WICF, minimum work injury pensions would be increased from US$15 to US$30 per month with children allowances set at a minimum of US$10 per month.” He added that the Funeral Grant remained unchanged at US$200.