Increases to National Insurance Scheme (NIS) Invalidity and Widows and Widowers Pensions
Communication Unit
1F North Street, Kingston
Tel: (876) 967-5484
Fax: (876) 948-2831
Friday, May 19, 2023
Increases to National Insurance Scheme (NIS) Invalidity and Widows and Widowers Pensions
Further to our earlier advisory, the Ministry of Labour and Social Security is advising members of the public that along with the Retirement Pension benefits, the Invalidity and the Widows and Widowers Pensions under the National Insurance Scheme have also been increased, with effect from April 1, 2023. The increases range from 23% to 76%.
The benefit for persons in receipt of Full-rate pensions has been increased by 23%, moving from $3,400 to $4,200 per week.
For persons receiving three-Quarter-rate pensions, the benefit has been increased by 37%, and move from $2,550 per week to $3,500 per week.
Pensioners receiving half-rate pensions will see an increase of 76%, moving from $1,700 per week to $3,000 per week.
Payment of the new rates will be delivered on a phased basis, starting in June 2023.
Pensioners who receive their payment by direct deposits will receive their payments of the new rates mid-June. Payment of arrears will be made at the end of June.
Pensioners who are paid by Pension Order Books, will receive the new rates when their new Pension Order Books are due beginning in July. That is, pensioners who are due new books in July 2023 will see the new rates reflected. The first Pension Order Voucher in the new book will reflect the arrears.
Similarly, pensioners whose new Pension Order Books are due in August, will be paid the new rate, with the arrears reflecting on the first Pension Order Voucher in the new books.
Contact: MLSS Communication Unit (876) 967-5484
|Email: prunit@mlss.gov.jm
Like and follow us on Facebook: https://www.facebook.com/mlssjamaica/?ref=bookmarks; Twitter: https://twitter.com/JamaicaMlss and on Instagram: https://www.instagram.com/mlssjamaica Visit our website: www.mlss.gov.jm for more.