Pension reform for St Vincent and the Grenadines

St Vincent and the Grenadines Finance Minister Camillo Gonsalves has warned that reform to the pension and benefit structure of the National Insurance Services (NIS) can begin as early as next year. Gonsalves wa briefing lawmakers on the finding of the 11th actuarial review of the National Insurance Services (NIS) and an independent analysis of the actuarial review, conducted by the World Bank’s Reserve Advisory and Management Partnership (RAMP). The Finance Minister told Parliament that according to the report, NIS reserves...