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No Old Age Pension if you have over $25,000 savingsThe Government is planning to introduce legislation that will change and, in some cases, disqualify elderly people who reach the age of 65 from accessing the senior citizens’ pension.
On December 9, a bill titled The Miscellaneous Provisions (Senior Citizens’ Pension and Public Assistance) Bill, 2024, was laid in Parliament. A major amendment is being proposed in the bill which disqualifies persons with savings in the bank exceeding $25,000 from accessing the old age pension.
Section 4 (g) of the bill states, “An individual shall not be eligible to receive a pension unless he: has savings not exceeding twenty-five thousand dollars.”
Currently, while the submission of bank details is a prerequisite to applying for the senior citizens’ pension, there is no limit on how much money the applicant has in their accounts, nor does the amount disqualify the applicant from accessing the grant.
Speaking at the United National Congress’ cottage meeting at its Chaguanas headquarters on Monday night, Persad-Bissessar raised the issue, as she warned, “That bill will make it harder for pensioners and persons getting public assistance to access those grants. They are monitoring how much money you have in the bank, that is what they are going to do, that’s what this bill is telling us.”
She told supporters that this was the same Government that removed several people from receiving food cards while accepting huge pay raises, recently recommended by the Salaries Review Commission (SRC).
However, Social Development and Family Services Minister Donna Cox yesterday defended the bill, which is in her name, saying its purpose is to protect the elderly from abuse and to ensure that those who deserve the pension can access it.
Explaining why the $25,000 cap is being proposed, Minister Cox told Guardian Media, “What we have found is that there are many people with a lot of money who transfer all their business and everything out of their hands into their families’ hands to collect a pension. So, what we are trying to do is block some of the loopholes where people who are not poor and vulnerable but come and apply for pensions.”
She added, “The pension is not for abuse because it’s taxpayers’ money. This is non-contributary, it is something to help people who are poor and vulnerable. There are many persons who live on their pension because they have never worked in their lives or their children are not taking care of them. Those people are who the pension is for, not for people who have money and still feel they should get the pension.”
The minister said currently, 109,000 people receive a senior citizens’ pension. She sought to assure the public that the bill will not impact those who already receive a pension.
“We are not going back to check on people to say we want to see your bank accounts now, you are already getting pension already. It is not that with this new legislation, we are going back to say your mother supposed to have this or that. No, just moving forward, we are protecting the elderly to make sure all who need it, get it. It is not about taking people off at all or else we’d have put retroactive in the bill,” Cox explained.
But Guardian Media challenged the minister on the new amendment which disqualifies those with over $25,000 in the bank. She was asked if that sum was too little to determine that an applicant is not in need of the monthly $3,500 pension.
To this, Cox said, “The point about it is that the pension is for the poor, it have people who do not have $1,000 in the bank. That is who the pension is for. Pension is not for people who receiving money somewhere. If you have a whole set of money in the bank, why do you need a pension?
“A pension is not intended to totally mind someone, it is assistance, a government pension, remember they don’t contribute to it at all. It is not an automatic and that is what people don’t understand, there’s a process. It has been so for years.”
She accused the UNC of attempting to sensationalise the issue, while ignoring the positives that the bill will bring.
Cox said the bill will also empower the State to take action against people who collect pension cheques on behalf of the elderly but fail to use the money for its intended purpose.
“We have found a lot of elder abuse taking place and we put in a whole section on that. We have found old people in homes or living by themselves and they are receiving a pension; who is getting the pension?” she explained.
“We realise, with people who have dementia, sometimes the family is spending their money, not living there and not providing proper foodstuff, we recently found a man going through that. But we had no authority to deal with that, so this is giving the authority to be able to protect the older people.”
The minister underscored that these measures are not being implemented to remove people from the list of recipients but rather to protect them.
Cox could not say when the bill would be debated in Parliament, noting that is up to the Attorney General to decide.
death365 wrote:simple ... have it in all cash ... but yuh kno na... then them bandits will get it
Cantmis wrote:The pension is for people who never worked ?
PNM turned it into a political football for votes and now it backfiringpaid_influencer wrote:Cantmis wrote:The pension is for people who never worked ?
plenty people worked and never get through with NIS etc for a variety of reasons. didn't make the required number of contributions or being self-employed (or informally employed) being the major ones for most people.
old-age pension is (was?) a social safety net
You can't get a NIS pension if you did not make those 750 contributions. You'll get a lump sum once it's less. Basically old age pension is supposed to be for those people aged 65+ who aren't receiving NIS and who have no other source of income / pension.hover11 wrote:Never truly understood why we had two pensions to begin with tbh, NIS minimum pension that you hadda work and contribute towards is 3000 but the ppl that never contributed anything getting 3500 make it make sense
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We know this , so why does the state have to take care of ppl who didn't work much or were self employed. If you chose not to work that's on you , I could understand if you can't work due to medical reasons, nis has invalidity benefit for that which converts to a monthly pension at 60 however why taxpayers money must take care of you in your old age because you didn't put things in place. You didn't know you would have gotten old?killercow wrote:You can't get a NIS pension if you did not make those 750 contributions. You'll get a lump sum once it's less.hover11 wrote:Never truly understood why we had two pensions to begin with tbh, NIS minimum pension that you hadda work and contribute towards is 3000 but the ppl that never contributed anything getting 3500 make it make sense
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hover11 wrote:PNM turned it into a political football for votes and now it backfiringpaid_influencer wrote:Cantmis wrote:The pension is for people who never worked ?
plenty people worked and never get through with NIS etc for a variety of reasons. didn't make the required number of contributions or being self-employed (or informally employed) being the major ones for most people.
old-age pension is (was?) a social safety net
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X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
It's their right to vote but they are scammerhover11 wrote:X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
The same seniors are the ones who rush to the polling stations on election day to vote for PNM
Sent from my SM-N986U1 using TriniTuner mobile app
NIB is a scam abused by I%paid_influencer wrote:Cantmis wrote:The pension is for people who never worked ?
plenty people worked and never get through with NIS etc for a variety of reasons. didn't make the required number of contributions or being self-employed (or informally employed) being the major ones for most people.
old-age pension is (was?) a social safety net
Blatant discrimination this money was mostly given to PNM ppl.daxt0r wrote:hover11 wrote:PNM turned it into a political football for votes and now it backfiringpaid_influencer wrote:Cantmis wrote:The pension is for people who never worked ?
plenty people worked and never get through with NIS etc for a variety of reasons. didn't make the required number of contributions or being self-employed (or informally employed) being the major ones for most people.
old-age pension is (was?) a social safety net
Sent from my SM-N986U1 using TriniTuner mobile app
wa is the most bitter part of this is them same pnm louts, to quote massa, from laventille, beetham, maloney, etc who will never face property tax and never work a day in dey life will be gettin while d man who actually work, like say a farmer with a lil 30-40k wouldn't get it. How long is even 100k suppose to last with no other source of income?? An worse part is if you keep cash in d matress is d same ppl sendin dey chirren to rob yuh.
yett mind you the pm who done so filthy rich will be getting he pension, allyuh could tell me black man eh love massa whip on dey back one setta lick bamc in dis country oui.
I say it again more of them and they chirren need to suffer the fate of that waste of space and oxygen.
This is true and if u look at the investments made by nib locally you would see who benefits, just follow the moneyzoom rader wrote:NIB is a scam abused by I%paid_influencer wrote:Cantmis wrote:The pension is for people who never worked ?
plenty people worked and never get through with NIS etc for a variety of reasons. didn't make the required number of contributions or being self-employed (or informally employed) being the major ones for most people.
old-age pension is (was?) a social safety net
The money is given to 1% to run businesses.
Banks are funded by NIB
zoom rader wrote:It's their right to vote but they are scammerhover11 wrote:X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
The same seniors are the ones who rush to the polling stations on election day to vote for PNM
Sent from my SM-N986U1 using TriniTuner mobile app
These old PNM ppl are scammers .
They have money and some had homes what they do is when they reach the age to collect old age pension they get rid of their assets to show they dont owe a home.
They then proceed to live in the same home where their offsprings own the home
It's a scam, some even live abroad and claim this money
Honorable what about those who getting their full NIS and full 3500 from social welfare every month and believe they are entitled to such. The system is prone to corruption as with everything else in this country. They opened a can of worms the moment they started this senior citizens grant because how long can we sustain two pensions on an aging populationThe_Honourable wrote:zoom rader wrote:It's their right to vote but they are scammerhover11 wrote:X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
The same seniors are the ones who rush to the polling stations on election day to vote for PNM
Sent from my SM-N986U1 using TriniTuner mobile app
These old PNM ppl are scammers .
They have money and some had homes what they do is when they reach the age to collect old age pension they get rid of their assets to show they dont owe a home.
They then proceed to live in the same home where their offsprings own the home
It's a scam, some even live abroad and claim this money
It's also this what Donna Cox is attempting to fix even though the abuse was happening under the Manning administration which she was a part off. Eventually Manning tried to "clamp" down (lol) by saying that it is a "Grant" and not a "Pension".
Intentional or not, yes it was a loophole that the old pnm exploited. As the years went by, that loophole was leaked too or figured out by persons outside the old pnm circle, so more abuse took place. Now the government trying to close the door after the horse done bolt nearly two decades.
When the old pnm use to say "ah going and make ah raid" they were going after all the grants, food cards, hdc, etc. Now they vex other people doing it so they are siding with the government for clamping down.
Best believe that if a non-pnm govt brought this exact bill to clamp down, pnm would say that the government racist and that they don't want to give poor black people a chance.
zoom rader wrote:NIB is a scam abused by I%paid_influencer wrote:Cantmis wrote:The pension is for people who never worked ?
plenty people worked and never get through with NIS etc for a variety of reasons. didn't make the required number of contributions or being self-employed (or informally employed) being the major ones for most people.
old-age pension is (was?) a social safety net
The money is given to 1% to run businesses.
Banks are funded by NIB
hover11 wrote:Honorable what about those who getting their full NIS and full 3500 from social welfare every month and believe they are entitled to such. The system is prone to corruption as with everything else in this country. They opened a can of worms the moment they started this senior citizens grant because how long can we sustain two pensions on an aging populationThe_Honourable wrote:zoom rader wrote:It's their right to vote but they are scammerhover11 wrote:X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
The same seniors are the ones who rush to the polling stations on election day to vote for PNM
Sent from my SM-N986U1 using TriniTuner mobile app
These old PNM ppl are scammers .
They have money and some had homes what they do is when they reach the age to collect old age pension they get rid of their assets to show they dont owe a home.
They then proceed to live in the same home where their offsprings own the home
It's a scam, some even live abroad and claim this money
It's also this what Donna Cox is attempting to fix even though the abuse was happening under the Manning administration which she was a part off. Eventually Manning tried to "clamp" down (lol) by saying that it is a "Grant" and not a "Pension".
Intentional or not, yes it was a loophole that the old pnm exploited. As the years went by, that loophole was leaked too or figured out by persons outside the old pnm circle, so more abuse took place. Now the government trying to close the door after the horse done bolt nearly two decades.
When the old pnm use to say "ah going and make ah raid" they were going after all the grants, food cards, hdc, etc. Now they vex other people doing it so they are siding with the government for clamping down.
Best believe that if a non-pnm govt brought this exact bill to clamp down, pnm would say that the government racist and that they don't want to give poor black people a chance.
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It have ppl submitted false claims to nib, stating that they were incapable of working, received payments of up to 100k when we discovered that the person went back out to work they were surprised and asked how yall found out. No remorse. The only thing we could offer was a payment plan on the person's terms, her terms were 100 dollars a month. The individual is 51, we never gonna see that money again and she is one of many. The organization frowns on court action as it comes across as bad publicity and we supposed to be a caring organization but then again ppl will take advantage .The_Honourable wrote:hover11 wrote:Honorable what about those who getting their full NIS and full 3500 from social welfare every month and believe they are entitled to such. The system is prone to corruption as with everything else in this country. They opened a can of worms the moment they started this senior citizens grant because how long can we sustain two pensions on an aging populationThe_Honourable wrote:zoom rader wrote:It's their right to vote but they are scammerhover11 wrote:X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
The same seniors are the ones who rush to the polling stations on election day to vote for PNM
Sent from my SM-N986U1 using TriniTuner mobile app
These old PNM ppl are scammers .
They have money and some had homes what they do is when they reach the age to collect old age pension they get rid of their assets to show they dont owe a home.
They then proceed to live in the same home where their offsprings own the home
It's a scam, some even live abroad and claim this money
It's also this what Donna Cox is attempting to fix even though the abuse was happening under the Manning administration which she was a part off. Eventually Manning tried to "clamp" down (lol) by saying that it is a "Grant" and not a "Pension".
Intentional or not, yes it was a loophole that the old pnm exploited. As the years went by, that loophole was leaked too or figured out by persons outside the old pnm circle, so more abuse took place. Now the government trying to close the door after the horse done bolt nearly two decades.
When the old pnm use to say "ah going and make ah raid" they were going after all the grants, food cards, hdc, etc. Now they vex other people doing it so they are siding with the government for clamping down.
Best believe that if a non-pnm govt brought this exact bill to clamp down, pnm would say that the government racist and that they don't want to give poor black people a chance.
Sent from my SM-N986U1 using TriniTuner mobile app
Yeah persons who getting NIS and Grant obviously need to be reined in and maybe punished if they submitted false information.
Now it would just be easier to cut them off from the Grant. I would send them a demand notice to return all the monies or is court action.
But this is T&T.
You just now repeat the minister justification for the 25 k. So your objection is purely political and racist. You cleaning up ZR so much that you inherit the DNA too.hover11 wrote:It have ppl submitted false claims to nib, stating that they were incapable of working, received payments of up to 100k when we discovered that the person went back out to work they were surprised and asked how yall found out. No remorse. The only thing we could offer was a payment plan on the person's terms, her terms were 100 dollars a month. The individual is 51, we never gonna see that money again and she is one of many. The organization frowns on court action as it comes across as bad publicity and we supposed to be a caring organization but then again ppl will take advantage .The_Honourable wrote:hover11 wrote:Honorable what about those who getting their full NIS and full 3500 from social welfare every month and believe they are entitled to such. The system is prone to corruption as with everything else in this country. They opened a can of worms the moment they started this senior citizens grant because how long can we sustain two pensions on an aging populationThe_Honourable wrote:zoom rader wrote:It's their right to vote but they are scammerhover11 wrote:X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
The same seniors are the ones who rush to the polling stations on election day to vote for PNM
Sent from my SM-N986U1 using TriniTuner mobile app
These old PNM ppl are scammers .
They have money and some had homes what they do is when they reach the age to collect old age pension they get rid of their assets to show they dont owe a home.
They then proceed to live in the same home where their offsprings own the home
It's a scam, some even live abroad and claim this money
It's also this what Donna Cox is attempting to fix even though the abuse was happening under the Manning administration which she was a part off. Eventually Manning tried to "clamp" down (lol) by saying that it is a "Grant" and not a "Pension".
Intentional or not, yes it was a loophole that the old pnm exploited. As the years went by, that loophole was leaked too or figured out by persons outside the old pnm circle, so more abuse took place. Now the government trying to close the door after the horse done bolt nearly two decades.
When the old pnm use to say "ah going and make ah raid" they were going after all the grants, food cards, hdc, etc. Now they vex other people doing it so they are siding with the government for clamping down.
Best believe that if a non-pnm govt brought this exact bill to clamp down, pnm would say that the government racist and that they don't want to give poor black people a chance.
Sent from my SM-N986U1 using TriniTuner mobile app
Yeah persons who getting NIS and Grant obviously need to be reined in and maybe punished if they submitted false information.
Now it would just be easier to cut them off from the Grant. I would send them a demand notice to return all the monies or is court action.
But this is T&T.
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hover11 wrote:Don't let this distract you from the fact that PNM is looking to increase the retirement age to 65 so you have to work longer to get any sort of benefits
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This entire grant is a scam. There are people that boost about collecting this but live in US.The_Honourable wrote:hover11 wrote:Honorable what about those who getting their full NIS and full 3500 from social welfare every month and believe they are entitled to such. The system is prone to corruption as with everything else in this country. They opened a can of worms the moment they started this senior citizens grant because how long can we sustain two pensions on an aging populationThe_Honourable wrote:zoom rader wrote:It's their right to vote but they are scammerhover11 wrote:X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
The same seniors are the ones who rush to the polling stations on election day to vote for PNM
Sent from my SM-N986U1 using TriniTuner mobile app
These old PNM ppl are scammers .
They have money and some had homes what they do is when they reach the age to collect old age pension they get rid of their assets to show they dont owe a home.
They then proceed to live in the same home where their offsprings own the home
It's a scam, some even live abroad and claim this money
It's also this what Donna Cox is attempting to fix even though the abuse was happening under the Manning administration which she was a part off. Eventually Manning tried to "clamp" down (lol) by saying that it is a "Grant" and not a "Pension".
Intentional or not, yes it was a loophole that the old pnm exploited. As the years went by, that loophole was leaked too or figured out by persons outside the old pnm circle, so more abuse took place. Now the government trying to close the door after the horse done bolt nearly two decades.
When the old pnm use to say "ah going and make ah raid" they were going after all the grants, food cards, hdc, etc. Now they vex other people doing it so they are siding with the government for clamping down.
Best believe that if a non-pnm govt brought this exact bill to clamp down, pnm would say that the government racist and that they don't want to give poor black people a chance.
Sent from my SM-N986U1 using TriniTuner mobile app
Yeah persons who getting NIS and Grant obviously need to be reined in and maybe punished if they submitted false information.
Now it would just be easier to cut them off from the Grant. I would send them a demand notice to return all the monies or is court action.
But this is T&T.
You do know that NIB (tax payers $$) is held in 1% banks so that they can make on this and fund their businesses ?Dizzy28 wrote:zoom rader wrote:NIB is a scam abused by I%paid_influencer wrote:Cantmis wrote:The pension is for people who never worked ?
plenty people worked and never get through with NIS etc for a variety of reasons. didn't make the required number of contributions or being self-employed (or informally employed) being the major ones for most people.
old-age pension is (was?) a social safety net
The money is given to 1% to run businesses.
Banks are funded by NIB
Yes 1%....Yes!!!!!!!!!!!!!
Like ghost gang , how many ppl claiming money from urp and never worked for even a minute there? Ghost gang is still prevalent today, imagine not working a day in your life but collecting payment with nis contributions being paid , when it's time to retire you sure to collect a pension easy without even lifting a fingerzoom rader wrote:This entire grant is a scam. There are people that boost about collecting this but live in US.The_Honourable wrote:hover11 wrote:Honorable what about those who getting their full NIS and full 3500 from social welfare every month and believe they are entitled to such. The system is prone to corruption as with everything else in this country. They opened a can of worms the moment they started this senior citizens grant because how long can we sustain two pensions on an aging populationThe_Honourable wrote:zoom rader wrote:It's their right to vote but they are scammerhover11 wrote:X3000zoom rader wrote:This is a non issue and PNM to blame since they created this year's ago to gain votes.
Mostly old PNM ppl was given this while old injuns was discriminated against getting this
The same seniors are the ones who rush to the polling stations on election day to vote for PNM
Sent from my SM-N986U1 using TriniTuner mobile app
These old PNM ppl are scammers .
They have money and some had homes what they do is when they reach the age to collect old age pension they get rid of their assets to show they dont owe a home.
They then proceed to live in the same home where their offsprings own the home
It's a scam, some even live abroad and claim this money
It's also this what Donna Cox is attempting to fix even though the abuse was happening under the Manning administration which she was a part off. Eventually Manning tried to "clamp" down (lol) by saying that it is a "Grant" and not a "Pension".
Intentional or not, yes it was a loophole that the old pnm exploited. As the years went by, that loophole was leaked too or figured out by persons outside the old pnm circle, so more abuse took place. Now the government trying to close the door after the horse done bolt nearly two decades.
When the old pnm use to say "ah going and make ah raid" they were going after all the grants, food cards, hdc, etc. Now they vex other people doing it so they are siding with the government for clamping down.
Best believe that if a non-pnm govt brought this exact bill to clamp down, pnm would say that the government racist and that they don't want to give poor black people a chance.
Sent from my SM-N986U1 using TriniTuner mobile app
Yeah persons who getting NIS and Grant obviously need to be reined in and maybe punished if they submitted false information.
Now it would just be easier to cut them off from the Grant. I would send them a demand notice to return all the monies or is court action.
But this is T&T.
This grant was only for PNM people. There are other scams that PNM run but people are updated it
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