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National Insurance Fund under review

Wed, 16 Apr 2014


Government is reviewing the Island’s National Insurance Fund.

Specialist consultants have been asked to come up with an alternative to the current UK-like system – which isn’t working.

The £650 million fund pays for state retirement pensions, the Manx pension supplement and social security benefits.

Treasury Minister Eddie Teare says the issue is being dealt with sensibly:

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  • Eddie Teare MHK

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