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Perspective 17.11.24 - it’s time to take about pensions, the NI Fund and their future sustainability.
Perspective
Sunday, 17 November 2024 - 51 minutes
It’s November Tynwald next week and probably the most important item is what changes are need to ensure the National Insurance Fund - and the pensions it helps to pay - remain sustainable in the future. Treasury Minister Alex Allinson MHK explains the changes he’s considering which includes replacing the triple lock promise for future pension increases, and increasing the options for use of the NI Fund. We also hear from former Treasury Minister Eddie Teare who explains what previous administrations did to make the fund more sustainable. An attack on pensions or a prudent step to control government finances? Certainly bold suggestions by government.
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