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New Retirement age as of 1st January, 2006

  
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The National Insurance Corporation wishes to remind employees and employers that effective 1st January 2006, the retirement age is 62 years. The number of months required to qualify for a pension is 156.


This Is In accordance with the National Insurance Corporation (Pensionable Age) Order S.I. No. 102 of 2002 which is based on the widely publicized Actuarial Review of 2000 which recommended that the retirement age be increased to 65. One year will be added every 3 years until age 65 is attained.

Contributors are however, advised that they can still opt for a modified pension as early as age 60 years.

Further information can be obtained from the National Insurance Offices in Castries, Vieux Fort and Soufriere.

National lnsurance for the benefit of us all!


Public Relations Department.