The same Statutory Instrument has also increased the minimum monthly retirement pension from $40 to $60. Minimum survivors’ and invalidity monthly pensions will also be increased from $20 to $30. These reforms would be with effect from 1 August 2013.
Another Statutory Instrument, 62 of 2013, has brought reforms with respect to the Workers’ Compensation Insurance Fund. With effect from 1 August 2013, NSSA will increase all pensions in payment by 20 percent. Minimum monthly dependants and children’s pension will be increased from 410 to $15. Minimum monthly pension will be increased from $30 to $45, with minimum monthly widow/widower’s pension being also increased from $20 to $30.