Government of the Republic of Trinidad and Tobago

The Honourable Colm Imbert, Minister of Finance Replies to Questions posed at the 21st Sitting of the Senate held today, March 22nd, 2022

Question No. 107 to the Minister of Finance
Regarding the 2021 NIB Report, where a 10.4% increase in NIS contributors, a 3.74% decrease in contribution income and a steady increase in beneficiaries lead to the NIB’s need to withdraw over $1Bn from its investments to pay benefits to citizens in 2021, can the Minister provide a status report on:

i. what is being done to ensure that NIS contributions are paid in accordance with the
law; and

ii. what is being done to boost the NIB’s investment portfolio income?