Effective July 1, the maximum monthly benefit provided through the Seniors Income Plan (SIP) increased by $30 per month.  The maximum SIP benefit also increased by $30 each year for the next two years.

The maximum monthly benefit is an increase from $270 per month to $300 for single pensioners and from $470 per month to $530 for a two-pensioner household.  The minimum benefit will also increase from $10 per month to $15 per month.

The program supports more than 15,000 Saskatchewan seniors.

Saskatchewan’s Seniors Income Plan provides seniors with financial assistance to help meet their basic needs.  The monthly benefit is available to seniors who receive little or no income other than the federal Old Age Security pension and the Guaranteed Income Supplement.  Eligible seniors automatically receive this benefit based on the filing of their most recent income tax return.

The Seniors Income Plan is a monthly income-tested benefit, meaning that seniors receive different levels of support depending on the amount of their pension, taxable income or living arrangement.  The benefit is higher for seniors with lower income.