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Saturday, July 13, 2024

Pensioners get pay rise, 13 months drawback

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The Social Security and Housing Finance Corporation has from this month effected a pay rise and 13 months drawback for pensioners, according to a media announcement from the corporation.
The announcement added that pensioners have not benefited from any pension increase, since 2011, irrespective of the continued rise in inflation and cost of living.

As a result of this, the statement went on, the SSHFC management in consultation with the board of directors effected a pension increase and also payment of pension drawbacks retrospective 1 January 2018 to all its active pensioners.
In this regard, SSHFC pensioners will receive their pensions for the month of February 2019 together with a pension drawback of 13 months, from January 2018 to January 2019 from Thursday 21 February 2019.

The statement further revealed that pensioners who received pensions through the bank, their pensions and drawbacks will be paid into their respective accounts, while those who receive their pensions at designated areas in different regions of the country will be paid in their usual manner.

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