Category Archives: Pension

RATES SET TO INCREASE FROM 1 JULY

The Destitute and Infirmed Payment is set to increase from $165 a month to $200 a month from 1 July 2016 and the Old Age Pension rate for those aged 70 and over will increase from $650 a month to $660 a month.

The Destitute and Infirmed Payment is a means tested payment targeting working age people, primarily those with high disability needs, who are unable to secure employment. There are approximately 200 people currently receiving this payment.

While the rate is set to increase to $200 a month, the Government has stated an intention to progressively increase the Destitute and Infirmed Payment over time so that there is parity with the Old Age Pension.

The increase to the Destitute and Infirmed Payment was announced as part of the 2016-17 Budget at an additional cost of $92,000 bringing the total cost for the payment to $528,000 in 2016-17.

The increase in the Old Age Pension was originally announced last year and will cost an additional $87,000 bringing the total expected expenditure on the Old Age Pension for those aged 70 and over to $5.8 million in 2016-17. This is in addition to $6.3 million allocated in the 2016-17 Budget for Old Age Pensioners aged from 60 to 69.

Welfare Beneficiaries to receive Christmas Bonus

MEDIA RELEASE

WELFARE BENEFICIARIES TO RECEIVE CHRISTMAS BONUS

 The Government has again approved the payment of the 2014 Christmas Bonus to the recipients of the Cook Islands welfare benefits. The $50 Christmas bonus is expected to have been paid into the Bank of Cook Islands accounts of 5,490 recipients on Rarotonga and in the Pa Enua since Monday 22 December 2014.

“This payment recognises the high costs and financial toll on families during the festive season due to the many functions that are planned at this time of the year,” stated Minister for Internal Affairs, the Hon. Nandi Glassie. “In this period of uncertainty, Government would like to spread the spirit of giving and to help alleviate some of the financial burden on families”.

In November 2014, the Cook Islands Parliament passed the 2014/15 Budget which included an allocation of $278,000 under the Welfare Payments allocation administered by the Ministry of Internal Affairs for the Christmas Bonus.

This Christmas Bonus payment was introduced in December 2003 as an alternative to the annual Christmas feast that had previously been provided for Old Age Pensioners.

End.

Contact:
Ngatuaine Maui
Welfare Director
Ph 29370