Finance Minister Davendranath Tancoo has announced a $250 increase in the senior citizens’ pension, public assistance grants and disability assistance grants, effective January 1, 2027.
Presenting the 2027 National Budget in Parliament today, Tancoo said the increase in the senior citizens’ pension would benefit 124,000 recipients.
He said the last increase in the pension was 12 years ago, under the then prime minister Kamla Persad-Bissessar.
“This Kamla Persad-Bissessar Government will increase the senior citizens grant by $250 per month,” Tancoo said.
The public assistance grants will also increase by $250, benefiting 13,637 recipients, while the $250 increase in disability assistance grants for adults and children is expected to benefit a further 28,000 recipients.
Tancoo said the increases would put more money directly into the hands of people who needed it most.
“These increases will put money directly, more money directly into the hands of those who need it the most,” he said.
