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IMF tells Govt: Increase NIS rates

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In its brand-new report on Trinidad and Tobago, the International Mon­etary Fund (IMF) has urged the Government to increase National In­surance Scheme (NIS) rates. The IMF said the NIS deficit is expected to widen, “gradually de­pleting its reserves by 2030.” The international fi­nancial agency added: “The authorities’ pro­posal to increase the re­tirement age to 65…

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