Dominicans, who were receiving pensions as of December 31 2008, are now gaining a 4.06 percent increase in payments.
The Dominica Social Security adjusts pension payments every three years, and is adhering to this policy as it observes its 34th anniversary this year.
“In March of 2007 after we had gone about talking about the various reform measures that had to be implemented, one of the recommendations was rather than allow for the pensions to increase on an adhoc basis, to make a provision for it to be increased every three years, [so] that people know that every three years they can realize an increase in their pension,” said DSS Deputy Director Augustus Etienne.
“We looked at inflation of 2006, 2007, 2008 and applied that average increase to the pensions that were in payment at December 2008,” Etienne stated.
He said the latest measure is intended to restore the purchasing power of the dollar.
The four percent increase for pensioners became effective March 01, 2010.
DNO CORRESPONDENT.
Thomas Letang as well as the Public Servants needs to take a page from the DSS logical thinking book.
I guess the DSS put the government in a tough situation