Bud­get2017 ig­nores pro­pos­als which are ‘cru­cial to well-be­ing of pen­sion­ers’ – pen­sion­ers

Malta Independent - - NEWS -

The National As­so­ci­a­tion of Pen­sion­ers wel­comed pro­pos­als in the Bud­get for 2017 but also ex­pressed nu­mer­ous con­cerns.

The or­ga­ni­za­tion praised the gov­ern­ment’s ini­tia­tive to cre­ate a so­cial bud­get point­ing to­wards the re­moval of tax on pen­sion salaries be­low €13,000, the in­crease in sup­ple­men­tary ben­e­fits for pen­sion­ers, and the re­lease of in­vest­ment op­por­tu­ni­ties at an ad­van­ta­geous rate for pen­sion­ers.

On the other hand, the as­so­ci­a­tion was dis­ap­pointed that the bud­get did not in­clude sev­eral of its pre-bud­get pro­pos­als which are just as im­por­tant and cru­cial to the well-be­ing of pen­sion­ers.

The group ex­pressed its re­gret that the gov­ern­ment ig­nored its pre-bud­get pro­pos­als re­gard­ing the national guar­an­teed min­i­mum pen­sion, the in­dex­a­tion and cap­ping of two-third pen­sion­ers, and ser­vice pen­sion­ers

The state­ment also called for the end of the in­jus­tice sur­round­ing the max­i­mum pen­sion, say­ing that be­tween 1979 and 2005 the pen­sion was based on the Pres­i­dent of Malta’s salary but in its cur­rent form has been frozen and been re­duced to the level of an ex­ec­u­tive of­fi­cial.

With re­gards to ser­vice pen­sion­ers it ex­pressed con­cern that no devel­op­ment or progress has been made for this group.

The NAP’s sen­ti­ments are also echoed by The Al­liance for the Or­ga­ni­za­tion of Pen­sion­ers, who also praised but ex­pressed sev­eral dis­ap­point­ments with the way the bud­get han­dled the de­mo­graphic.

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.