Pensions soar to Rs 13,500 – Rs 28,710 for seniors

All social benefits, including those related to old age (from 60 to 64 years old), disability, widows, and orphans, will be increased to Rs 13,500 starting from April, announced Fazila Jeewa-Daureeawoo on Friday, March 15th.

Those aged 65 and over will also see their pensions increase starting from April 2024.

The Minister of Social Security, Fazila Jeewa-Daureeawoo, made the announcement during a press conference on Friday.

The new pension rates are as follows:

• Individuals aged 60 to 64 will receive a pension of Rs 13,500.
• For those aged 65 to 74, the amount will be increased to Rs 14,500.
• Individuals aged 75 to 89 will receive Rs 16,000.
• For the age group of 90 to 99, the pension amount will be Rs 23,710.
• For those in the age group of 100 and above, the amount will be Rs 28,710.

Source: Defi Media