Old age pension to be $10,000 per month …following talks between gov’t, opposition
Stabroek News On April 18, 2012 – comments
The old age pension will now be $10,000 per month from May 1st, 2012 following talks today at the Office of the President between a government team and the opposition.
The government team included President Donald Ramotar, Finance Minister Ashni Singh, Presidential Advisor Gail Teixeira, Head of the Presidential Secretariat, Dr Roger Luncheon and Prime Minister Sam Hinds. The opposition team comprised Opposition Leader David Granger and APNU MPs Carl Greenidge and Dr Rupert Roopnaraine. There was no representative from the Alliance For Change. [more]
Comments
WHAT CAN G10,000 PER MONTH PURCHASE?
Well .. $10,000 Guyana dollars is equal to about 50US dollars. Most local food is fairly inexpensive but this pension is definitely inadequate if you have no other income.
To the above persons who are critics of the $10,000 per pesioner. May I point out that this amount is not a pension per sey but pocket money which can go a far way to help in addition with their NIS and work pensions. Those who do not want it do not have to collect.It appears that those persons never worked to get a pension from NIS or other Buisness for reasons only known to themselves. Who is to be blamed for this – the Government!
The old age pension of $10,000 is very good when we think that means test was the norm. Thanks to the Govt and APNU. The majority of pensioners are more than pleased.