Times of Malta

Maximum pensionabl­e income

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Over the last years, a lot has been said about the pensionabl­e income and the maximum pensionabl­e income (MPI). Two factors which are very important to determine the rate of the 2/3 pension.

It has to be pointed out that the pension reform divided pensioners into two categories: those born on December 31, 1961 and before (later referred to as category B) and those born on January 1, 1962 and after (later referred to as category A).

This measure proved to be discrimina­tory and unjust for thousands of pensioners who, during their employment period, paid the highest rate of social security contributi­ons regularly and in terms of law.

Finally, this administra­tion recognised this injustice and, from this year, started to take measures to solve the problem of unfair treatment between two categories of pensions.

As of January 1, 2024, the administra­tion started to take action to close the gap between the categories of pensioners and an extra amount of €738 has been added to the MPI of pensioners of category B.

Currently, the MPI of persons of category A is €27,679 whereas the MPI of category B is €22,000. Between the two MPIs, it can be noted that there is still a gap of €5,679.

In this scenario, pensioners wish to be informed if the current measure of adding an extra amount of €738 to the MPI of category B pensioners is going to be standard practice to close the gap between the two MPIs. If this

is the case, the attention of this administra­tion should be drawn to the fact that it will take up to 2032, a period of about seven to eight years, to settle an injustice that was unfairly fabricated by the pension reform and approved by our members of parliament.

Pensioners do appreciate that this administra­tion started the ball rolling on this very important matter and addressed the problem. However, as victims of circumstan­ces, especially those of vulnerable age, pensioners do expect that this unjust measure will be settled in shorter period than that indicated above.

Consultati­ons with pensioners’ representa­tives on this delicate issue will be very much appreciate­d.

CARMEL MALLIA – Lija

 ?? ?? Pensioners deserve to be treated with dignity, not used as political footballs. PHOTO: SHUTTERSTO­CK.COM
Pensioners deserve to be treated with dignity, not used as political footballs. PHOTO: SHUTTERSTO­CK.COM

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