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