Government of the Republic of Trinidad and Tobago

The Honourable Colm Imbert, Minister of Finance Keynote Address at the CAF Webinar on Pension and Health Care Systems on Wednesday 9th June, 2021

In Trinidad and Tobago, when we first launched our National Insurance Scheme (NIS) in April 1972, almost 50 years ago, the scheme offered two benefits – a Retirement Grant and Funeral Grant.
The NIS Retirement Pension was introduced in 1975 and in 1977 the first payment of this Pension was paid to 1,143 persons at a total cost of TT$2 million, or about US$800,000 at the time.