top of page

'Pension would need 63% rise to match minimum wage

States pensions would need to rise by 63% in order to match a full-time minimum wage, the social security minister has said.


Responding to a written question, deputy Lyndsay Feltham said the full rate of the social security pension would need to increase to £466 per week - up £179 - to be equivalent to the income of someone working 40 hours per week at £11.64 per hour.


She said that would be an increase of 63% in the value of the social security pension.


Feltham said that in order to meet the increase, working age people would have to contribute more than £156m, external more to the pension fund each year.

bottom of page