Total social security beneﬁts amounted to €412.3 million during the ﬁrst six months, a 1.7 per cent increase compared to the corresponding period of 2013. This was due to a €10.9 million increase in expenditure on Non-Contributory Beneﬁts. On the other hand Contributory Beneﬁts declined by €4.1 million.
Contributory Beneﬁts expenditure reached €303.5 million by the end of June, down by 1.3 per cent over 2013. This was due to an €11.0 million drop in the Contributory Bonus outlay, as a result of the change in the COLA payment procedure which, starting from this year is being paid every four weeks instead of as a lump sum at the beginning of the year.
A decrease was also recorded under Other Beneﬁts €0.3 million. The decrease in Contributory expenses was partially offset by rises in outlay for Pensions in respect of Retirement €4.6 million, Widowhood €2.4 million and Industrial Injuries €0.1 million.
Non-Contributory Beneﬁts increased by 11.1 per cent in the ﬁrst six months. A rise in expenditure was recorded under Social Assistance €3.7 million.
Old Age Pension €2.4 million
Supplementary Assistance €2.0 million
Disability Pension/Allowance €1.8 million
Children’s Allowance €1.4 million
Medical Assistance €0.3 million
Non-contributory Bonus decreased by €0.7 million. In the second quarter, the outlay on social security beneﬁts went up by €11.2 million, to €206.0 million. An increase in expenditure was recorded under both the Contributory €6.3 million and Non-Contributory €5.0 million categories