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Friday, December 8, 2023

Increase of pensions, subsidy of tuition for children up to 4 years old and one-time sponsorship for the disabled, announced the Ministry. Working

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The Ministry of Labor and Social Security announced an increase of all pensions by 4.3%, a tuition subsidy for children up to four years old by 80% and a one-time grant for people with disabilities from € 100 to € 350, following the decisions of the Council of Ministers Friday 27 May 2022 on measures to address inflationary trends.

Increase all pensions

Specifically, the Ministry of Labor states in a statement that from July 2022 all pensions of the Social Insurance Fund, including the Social Pension, will increase by the percentage of increase in the Consumer Price Index of the first half of 2022 compared to the second half 2021.

Adds that based on preliminary actuarial estimates, this increase will be of about 4.3% and corresponds to an increase in annual pension expenditure by € 69 million .

Taking into account the 1.22% increase granted to all pensions from January 1, 2022, according to the Ministry of Labor, the total increase in pensions for 2022 amounts to 5.6% , achieving a substantial offset of the total income of retirees in terms of price increases, since the adjustment is against the total change of the Consumer Price Index.

Subsidy for children up to the age of four by 80%

The Ministry of Labor also states that the Plan provides for the strengthening of families, through the subsidy of dependent child care services up to four years old through the payment of a significant part of the monthly cost for the education of children in nurseries and kindergartens.

He adds that the subsidy is in the amount of 80% of the monthly cost for each child to attend, with a maximum amount of € 100 to € 350 per month, depending on the composition of the family, the amount of family income and the age of the children./p>

Indicates that the condition for participation in the Plan is that the child attends or is going to attend a daycare center or kindergarten, the parents meet the income criteria to be determined by the announcement of the Plan and have been approved for the provision of Child Allowance for the year 2022.

According to the Ministry of Labor, the Plan can benefit for the school year 2022-2023 up to 16,000 children who will be up to four years old on August 31, 2022.

He adds that in order for nurseries and kindergartens to participate in the Plan, including private and community programs, they must not have made and will not make tuition increases of more than 5% or the monthly amount to be determined by the announcement. of the Plan, in relation to the previous year.

It also states that for the application procedures and other details of implementation of the Plan will follow a more detailed information from the Ministry of Labor and Social Insurance and the Ministry of Social Welfare that will jointly implement the Plan.

One-time sponsorship for people with disabilities

In addition, the Ministry of Labor states that all persons with disabilities who receive benefits from the Department of Social Integration of Persons with Disabilities of the Ministry of Labor and Social Security, will receive a lump sum of € 100 under provided that they do not fall into the categories of persons who will receive the corresponding one-time support from the Ministry of Social Welfare.

disability and beneficiaries of a distribution allowance, provided that these persons do not receive a Minimum Guaranteed Income and will not receive any of the corresponding one-off grants from the Ministry of Social Welfare.

Finally, the Ministry of Labor states that the lump sum will be paid at the end of June 2022 to all beneficiaries and no application needs to be made.

land: KYPE

Source: politis.com.cy

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