Social Security to rise

Social Security to rise

A report on the state of the fund says that it could start to become drained in two years, with outgoings predicted to rise to a point they begin to match income.

And it is likely that Islanders will face having to pay an increase in contributions as a result.

However, Social Security Minister Francis Le Gresley said that any rise would be gradual and phased over a period of years.

• See Thursday’s JEP for full report

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