Full Breakdown
Jersey Increases Old-Age Pension by 4.7%
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Pension Increase Details
The Government of Jersey announced a 4.7 % rise in the basic old-age pension, adding £734 per year for recipients. For a pensioner receiving the full entitlement, the boost translates to an extra £14 per week, raising the total annual payment to £16,294. The adjustment follows the standard practice of updating pensions each October in line with the pensioner retail price index for June.
Data & Statistics
Official Statements & Responses
Senator Elaine Millar, Jersey’s Minister for Social Security, emphasized that the rise aims to sustain a “strong foundation for old age” for those who have contributed throughout their working lives. She noted that lower-income pensioners face heightened pressure from healthcare and heating costs, and therefore additional measures such as cold-weather payments, free TV licences, the Pension Plus scheme, the Health Access Scheme, and a Cold Weather Bonus remain available. Millar also reiterated her earlier priority of introducing mandatory workplace pensions, a plan that has been temporarily shelved due to a surplus in the statutory workplace pension fund.
Verbatim Quotes
- “Our pensioners have contributed to Jersey throughout their working lives and it is important that the old age pension continues to provide a strong foundation for old age.” — Jersey Deputy Millar, social security senator
Future Outlook
While the mandatory workplace pension scheme is on hold, the minister indicated that the government will continue to monitor the pension fund surplus and may revisit the policy when fiscal conditions allow. Ongoing support programmes for low-income pensioners are expected to persist alongside the annual pension indexation.