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:
Dry cleaner to shut down
Island goes pink for breast cancer support group
Dominos announces Ramsey store opening soon!
Manx Telecom to merge with Jersey Telecom
Manx government yet to assess impact of digital ID scheme
Thirty hospital fires in seven years, says Manx Care
Which buses are the most punctual?
Dangerous trees mean road closure for Port St Mary