Basic payment to rise by 8.5%
Around 20,000 pensioners on the Isle of Man will see their state pensions increased.
This year’s Budget has been unveiled in Tynwald today (20 February).
Under the ‘triple lock’ uprating the basic state retirement pension, and Manx State Pension, will increase by 8.5 percent.
Those in receipt of the full amount currently get £222.67 per week.
They'll now receive an extra £18.83 per week or £979.16 over a year.
Additional State Earnings Related Pension Schemes, and Manx State Pension protected amounts, will increase by 6.7 per cent.
Other Manx benefits are also increasing - you can find out more HERE.
Tynwald will vote on the Budget later today.
Find out more about this year's Budget and how it will affect you by clicking HERE.
Former MHK accuses chief minister of 'belittling and demeaning Tynwald' over Assisted Dying Bill
Medical Staff Committee claims vote of no confidence led to leadership changes at Manx Care
Electronic payment cards and vouchers among alternatives to MiCard under consideration
Tuesday sailings changed due to Manxman maintenance
47 buildings in the south waiting for protected status assessment since 2013