Thomas says people shouldn't be 'troubled' by it
The National Insurance fund on the Isle of Man should be treated as ‘sacrosanct’.
That’s the view of the treasury minister.
Chris Thomas says the money is the ‘bedrock’ for social security, pensions and NHS allocation.
He doesn’t believe people should be ‘troubled’ by reports it could be depleting.
Government previously announced plans to scrap the triple lock mechanism but paused the proposals following a backlash.
The system means the state pension will increase by the average earnings growth, UK CPI inflation or 2.5 percent - whichever is highest - each year.
John Moss has this report:
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