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NIB Considering Extending Retirement Age and Increasing Rates.

NIB Considering Extending Retirement Age and Increasing Rates.

The National Insurance Board of Trinidad and Tobago is considering recommendations to extend the retirement age from 60 to 65 as well as increasing its rates following wide spread consultations.

The recommendations were put forward following a review of the NIB operations according to the Ministry of Finance.

Proposals were highlighted during a sitting of the Joint Select Committee of Parliament.

Deputy Permanent Secretary in the Ministry of Finance, Jennifer Lutchman, made the announcement during the JSC proceedings.

 

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