Dear Editor,
As I understand it, a N.I.S. pensioner who makes in excess of 750 contribution is entitled to 1% on every 50 contributions in excess of the 750. However, several persons have complained that despite contributing in excess of 750 they are being paid the minimum pension at age 60, especially as it relates to those who migrated prior to age 60. To illustrate my point let me give an example. John started to work at age 25 contributing to N.I.S. until age 50 when he migrated. His total contribution at that time accumulated to 1250.
For the last three years his contribution was at the maximum ceiling, which under normal circumstances, would have qualified him for the maximum pension. However, at age 60 when John applied for his pension two things happened: (A) He was paid the minimum pension despite being qualified for the maximum at age 50 and (B) he was paid the minimum pension despite his contribution in excess of 750. I am not aware if the policy under both aspects have changed for those who reside overseas, or persons who complained have not made the necessary contributions, but because of the complaints can N.I.S. please clarify.
Sincerely,
D. Sookdeo
