The Government of Grenada is pleased to announce the successful payment of the pension and gratuity by November 30, 2022, as promised. As of November 15, 2022, the first tranche of payments was made to over three hundred (300) retirees, in the amount of $44.1 million.
The payment of these long overdue benefits symbolises Government’s dedication to its transformation agenda that seeks to empower its people, make good on commitments to citizens and be transparent in its governance of the country.
Importantly, the retroactive payments also demonstrate our ability, as a country, to satisfactorily address our challenges, as difficult as they may be, once we set clear goals and work towards achieving them.
Prime Minister and Minister of Finance, the Hon. Dickon Mitchell, expressed, on behalf of the Government, profound appreciation to the employees at the Ministry of Finance, including the Accountant General’s Department; Ms. Tonia Adams and her team at the Pension Secretariat; and the Audit Department for their stellar work in ensuring that the deadline for payment of the pension and gratuity was met.
The Pension Secretariat continues to work assiduously to ensure that all eligible applicants are processed on or before November 30, 2022. To facilitate the timely payment of benefits, the Secretariat is urging all approved applicants, who have not yet done so, to please submit Life Certificates and banking information.
In total, the Ministry of Finance anticipates a payout of $75 million to 525 eligible retirees.
The Government wishes to counsel all recipients of the pension and gratuity to ensure that the funds are used wisely to their benefit.
The Pension Secretariat can be reached at 473-424-4962 or via email at pensionsecretariat@gov.gd.
