Saturday, March 23, 2019

Government wants pensioners to borrow money to live decent life – PN

The scheme announced by the government to encourage pensioners to borrow money against their property is throwing an extra burden on pensioners and their inheritors, the Nationalist Party said in a statement.

The scheme was introduced instead of the government making an attempt to address the inadequacy of the pensions system, spokesmen Mario de Marco and Claudio Grech said.

We are living in a country where one in five pensioners is living in poverty or is at risk of poverty, and the numbers keep on rising. The government's solution is for pensioners to borrow money, leaving their children to pay for the debt accumulated.

Pensioners today needed money not to go abroad but to buy essential items, including food and medicine. The government has lost all sense of social justice and does not care about vulnerable people, the PN said.

 



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