|
28-Apr-08 11:30 [Americas]
State pensions increase in Cuba Cuban president Raul Castro has announced that the state pension paid to retirees is to be raised as are the wages of court employees.
The raise will see pensioners receive an increase of around £1 per month, raising their monthly pension to around £4.70, according to the BBC.
As well as pension increases, the government also announced that court workers would be given a raise, while workers in other sectors would have to wait their turn, it said in a state address.
"It is not possible right now to increase salaries of all sectors, because the country does not have the resources necessary. Increases will be granted by sector and priority, always after a rigorous evaluation of the economic and financial conditions," the statement said.
Social security benefits, the government said, will be in line with the island's average monthly wage.
There are approximately 2.16 million retirees in Cuba receiving the state pension.
Please click here for more UK employee pension news
It has been understood through research that the amount of pension scheme buy-outs by specialists is expected to double within the space of four months, it has been reported.
Find out more>
Over 3.3 million workers in the UK are not confident that they will still be in their job in a year's time, a recent YouGov poll has discovered.
Find out more>
Government changes to pension legislation will provide more help to divorcees, especially females, it has emerged.
Find out more>
|