The Bahamian government is considering increasing the retirement age to 67 to ensure the financial sustainability of the National Insurance Board. The Minister of Labour emphasized that retirees returning to work while receiving a pension put pressure on the fund. Public discussions are planned to examine these proposals, as well as the possibility of a minimum wage increase. Reforms are deemed urgent to avoid raising contributions.
Retirement: the Bahamian government is considering raising the age to 67
This article was updated at 04:10.