HOUSE PASSES LAW TO RAISE MINIMUM PENSIONS

The St. Lucian government is moving to increase minimum monthly pensions for retirees, aiming to provide financial relief amid rising living costs. Legislation is underway to raise the minimum pension for retired government workers to $725 and for private sector retirees to $500. The new minimums are set to take effect August 1st, 2024. Government officials say they're committed to future adjustments to keep pensions in line with increasing costs. The move is part of broader efforts to improve the quality of life for the island's retirees. Current pension rates often fall below $500 monthly, which officials say is insufficient given inflation's impact on consumer goods.