Pensioners begin receiving increase per new collective agreement

Government pensioners have begun receiving a 4% increase in monthly payment which is reflective of the new contract agreement signed in March 2023 by the Grenada Union of Teachers (GUT), and the Public Workers Union (PWU) in June 2023.

“The Ministry of Finance advises pensioners that their September 2023 pension payment has been updated to reflect the 4% increase for the 2024 period. The 4% increase is applicable to the period 1 January 2023 to 31 December 2023, consistent with the increase agreed upon for public sector workers,” said a news release from the Government Information Service (GIS).

“Pensioners are further advised that their short payment for the period 1 January 2023 to 31 August 2023, will be paid by the next pay cycle, 15 October 2023,” the release added.


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