The cabinet on Tuesday approved an extension of state support to cover the cost of pension increases until June 30, 2026.<\/p>\n
The measure will benefit around 24,000 households and is estimated to cost \u20ac13.5 million. The decision was announced on Tuesday.<\/p>\n
The extension ensures that low-income pensioners will continue receiving the low-pension allowance without reduction.<\/p>\n
Normally, pension increases from the social insurance fund, which are expected to rise by about 3.38 per cent from January 1, 2026, could reduce or stop this allowance.<\/p>\n
The deputy ministry of social welfare said the measure was necessary to protect the incomes of pensioners with low earnings.<\/p>\n
It applies to households included in the support scheme for low-income pensioners, including those receiving the low-pension allowance through the minimum guaranteed income.<\/p>\n
Under the decision, the social welfare ministry will not consider the social insurance fund increase when calculating the low-pension allowance.<\/p>\n
This ensures households continue receiving the same allowance while benefiting from the upcoming pension rise.<\/p>\n
The ministry said that the move secures uninterrupted support for low-income pensioners and allows them to gain from the social insurance fund increase without any loss of state-provided benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"The cabinet on Tuesday approved an extension of state support to cover the cost of pension increases until…\n","protected":false},"author":2,"featured_media":198719,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":{"0":"post-198718","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/198718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=198718"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/198718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/198719"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=198718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=198718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=198718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}