Cabinet must be put on notice that the state of pension sustainability in Trinidad and Tobago is not as secure as it is being portrayed, with rising contribution rates under the National Insurance Board of Trinidad and Tobago, ongoing reform discussions highlighted by the Central Bank of Trinidad and Tobago, and a growing imbalance between contributors and retirees.
The system is clearly under strain; when inflation continues to erode the real value of benefits and investment growth remains constrained within a limited domestic environment, it signals a pension framework that is being managed reactively rather than strategically, and without urgent, transparent, and forward looking reforms, there is a real risk that today’s workers will inherit a system that delivers diminishing returns and inadequate retirement security.
Gordon Laughlin,
Westmoorings
