Jersey pension to go up by £3.64 per week
- 21 August 2013
- From the section Jersey
Jersey's state pension is to go up by £3.64 per week from October, according to the social security minister.
Senator Francis Le Gresley said the government had agreed to a new way of working out the pension rate to tie it in to cost-of-living changes.
He said: "We either use the pensioners' RPI index, which was 1.6%, or the midpoint between that and average earnings index, which was 2.2%."
The weekly pension will be increased by 1.9% to £193.40.
There are more than 14,000 people of retirement age in Jersey. The age people can collect a state pension in Jersey is 65.