Premier David Burt today confirmed that the approved 2.75% increase to pensions will come into effect in September 2022 and will be backdated to August 16, 2021. The Premier said: “The Government is proud of its record of delivering for our seniors.”
In July, the Premier and Minister of Finance introduced the legislation to increase seniors’ pensions, and the Ministry of Finance has indicated that pensioners will receive the increase in their September 15th payment.