Social Security Pension Increase Now Expected by April

A long-awaited increase in the minimum monthly pension to $500 is now expected to take effect in April, according to the Director of Social Security.

The update came during The Browne and Browne Show on Pointe FM after a radio caller raised concerns over the delay in implementing the measure, which was initially scheduled to take effect in January 2024.

The caller expressed disappointment that pensioners had yet to see the increase despite previous government assurances.

In response, Prime Minister Gaston Browne contacted the Director of Social Security live on air, who explained that the necessary legal adjustments were still being finalized.

The director stated that the measure is now set to take effect by April 2, once the legislative process is completed.

The pension increase is part of the government’s broader commitment to strengthening social protection for retirees.

The Antigua and Barbuda Social Security Board (ABSSB) previously reported improved financial performance, with higher collections exceeding benefit expenses. Officials have attributed this to employment growth, which has bolstered contributions.

Further details on the implementation timeline are expected to be provided in the coming weeks.

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