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We need to talk about your pension, says Treasury Minister

The Treasury Minister says he wants to start a national conversation about the future of state pensions. 

The National Insurance Fund, which finances pensions, could start running out of cash in 20 years time.

A just-published actuarial report says options to stop that include raising the state pension age or have people paying in for longer.

Dr Alex Allinson says he will be talking with Tynwald to develop a plan that will ensure finances for the future. 

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