NL Government to Pay $500 to Seniors as Relief Measure
More than 130,000 seniors will receive the payout through the Seniors Affordability Payment, which will cost the government more than $64 million.
TL;DR
- Over 130,000 seniors in Newfoundland and Labrador will receive a one-time payment.
- The payment, up to $500, is intended to help offset rising living costs.
- The program, named Seniors Affordability Payment, has a total cost exceeding $64 million.
- Payments will be distributed before the end of the current year.
- Seniors earning up to $75,000 will receive $500.
- Seniors earning between $75,000 and $100,000 will receive a reduced payment based on a sliding scale.
- Seniors with an adjusted net income above $100,000 are not eligible for the payment.