Labour and Social Security Minister, Shahine Robinson, says government contribution for old-age benefits, under the National Insurance Scheme, is to increase by 20-per cent.
She made the announcement during her contribution to the Sectoral Debate in the House of Representatives, yesterday.
There have been several calls for an increase in the allocation, which was last adjusted in 2013.
Minister Robinson says the contribution will move from $2,800 to $3,400, weekly.
The Labour Minister didn’t say when the increase will take effect. But she says when it does, it will be retroactive to April one, this year.
Shahine Robinson was making her contribution to the Sectoral Debate in the House of Representatives yesterday.