$500 Cost of Living Bonus Coming for Seniors 65+

(VOCM News)

A one-time cost of living bonus is coming for approximately 130,000 seniors across the province.

Premier Tony Wakeham made the latest in a series of affordability announcements this morning.

Seniors 65 and older with a personal income of up to $75,000, will receive a one-time payment of $500 per person, before the end of the calendar year.

Those who earn between $75,000 and $100,000 will receive a payment based on a sliding scale as detailed below.

(Government of Newfoundland and Labrador)

Seniors with an income of $100,000 or greater are not eligible for the payment.