Retirement Pension increases by $1000

Port-of-Spain: The minimum National Insurance Retirement Pension has been increased from $2000 to $3000 a month.

The Finance Ministry says the increase is effective from February 1st, 2012.

The increase is part of a measure announced in the 2011/2012 Budget presented by Finance Minister Winston Dookeran in October of last year.

The Ministry says the additional monies for the months of February 2012 and March 2012 were paid on March 8th 2012, in advance of March 15th.

Future payments will be paid on the 15th of the month as usual.