During the Fifth Ordinary Session of the National Assembly of People’s Power, Prime Minister Manuel Marred reported on the measure, which will be implemented starting in September.

The head of the government explained that this decision will benefit more than 1,324,599 people, representing 79 percent of pensioners.

Of these, he noted that 82 percent receive up to 2,472 pesos, and their pensions will be increased by 1,528 pesos.

Marred pointed out that the other 18 percent of pensioners will receive an increase equal to the difference between their current pension amount and 4,000 pesos per month.

He also noted that this measure represents a partial increase in pensions, as it is not now possible to undertake a comprehensive reform of pensions due to a lack of financial resources.

He assured that the increase in pensions will continue to be gradual, as long as the economic situation allows it.

The prime minister commented that the new provision requires an increase in Social Security budget spending of 22 million pesos per year.

During his speech, Marred emphasized that progress has been made in the approval and implementation of social policies and affirmed that the Caribbean nation remains committed to moving forward and seeking solutions.

He emphasized that priority is being given to the social transformation of 1,252 communities, and that the social assistance budget supports the care of 182,506 families, where more than 310,000 people now live in vulnerable situations.

jrr/to/mks