Providenciales, Turks and Caicos Islands – Tuesday, 12 November 2024: The Financial Assistance Programme has approved over $1.292 million in payments to 342 persons over the age of 70 years.
The Government is pleased to report that this intervention will ensure that the aged of the Turks and Caicos Islands, have a monthly FAP benefit of up to $1,000 per month. The programme was designed so that those with other sources of pensions which total less than $1,000 per month will be “topped up” to $1,000 per month and those without an alternate source will receive $1,000.00 per month.
The Honourable C. Washington Misick, Premier, in speaking about this programme said that the FAP is an investment in the well-being of the older folk of the TCI. This monthly contribution makes pension benefits more relevant to the current cost of living and assures a certain level of financial independence and a better quality of life for pensioners.
The provision of liveable pensions is a social obligation that the Government has not taken lightly; and a key component of several initiatives implemented during the past four (4) years that are intended to strengthen social programs to promote economic stability during the entire span of a person’s life in the Turks and Caicos Islands.
The FAP portal is currently closed for submissions but will reopen on Monday, November 18, 2024. To qualify you must:
Be receiving a pension that is below $1,000.00 per month from one or multiple sources or is receiving no pension at all.
Be a Turks and Caicos Islander or a British Overseas Territory Citizen.
Have attained the age of seventy (70) years old.
Be ordinarily resident in the Turks and Caicos Islands for the last 5 (five) years.
Persons who are “wards of the state” (e.g. residing in TCIG wellness centres, aged-care centres, etc.) and “wards of the court.” (e.g. in prison etc.) will not qualify for the FAP.