The Legislative Council approved last month an increase of 2.6% in the standard item rates of the Comprehensive Social Security Assistance Scheme, Old Age Allowance (Fruit), Old Age Living Allowance and Disability Allowance under the Social Security Allowance Scheme, retroactive to 1 February to take effect.
The SWD said today (23rd) that the reissued funds will be gradually released from tomorrow (24th) by the current payment method, which is generally deposited into the recipient or the recipient's designated bank account by means of automatic transfer.
The above adjustments will benefit more than 1.4 million people, and the government will invest an additional $1.6 billion each year.
The Legislative Council Finance Committee last month approved a 2.6% increase in the standard item rates of the Comprehensive Social Security Assistance Scheme, Old Age Allowance, Old Age Living Allowance and Disability Allowance under the SSA scheme, retroactively effective from February 1.
(File photo / Photo by Li Zetong)
Longevity allowance and disability allowance are both increased
The SWD announced today the standard item rates of the CSSA Scheme, the Old Age Allowance under the SSA Scheme (including those under the "Guangdong Scheme" and the "Fujian Scheme"), the Old Age Living Allowance (including the "Guangdong Scheme" and the "Fujian Scheme") Old Age Living Allowance under the Scheme), and the year-on-year adjustment to the amount of Disability Allowance will take effect retrospectively from 1 February this year.
According to the established mechanism, the Government proposed to increase the above-mentioned amounts by 2.6% in response to changes in the price index of social security assistance. The proposal was approved by the Finance Committee of the Legislative Council on February 25 this year.
According to the mechanism, the rent allowance should be lowered. Considering the impact of the epidemic, the maximum amount will be decided to maintain the current level.
The spokesman said that the maximum amount of rent allowance under the CSSA Scheme should be adjusted downwards from February 1 this year in accordance with the change in the private housing rental index in the Consumer Price Index (A).
Considering that CSSA recipients are one of the groups most in need of financial assistance during the epidemic, the Government has decided to maintain the maximum amount of rent subsidy at the current level.
(Photo of SWD)
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