Minister of Labour and Social Security Pearnel Charles Jr has affirmed that the National Insurance Fund (NIF) remains strong and financially viable.

He noted that the facility continues to diversify its investments and strengthen its financial position as the Government reinforces its capacity to meet both current and future obligations to contributors and beneficiaries.

“As at March 2026, the Fund is projected to record a net surplus of approximately $47.8 billion, reflecting the sustained strength of contributions, prudent expenditure, good management, and solid investment performance,” the minister stated.

He was delivering his opening remarks during the meeting of the Standing Finance Committee of the House of Representatives at Gordon House on March 6.

Charles further informed that the net asset value of the Fund is projected to grow from approximately $226.5 billion in March last year to $264 billion by the end of March 2026.

“This represents growth of roughly $37.5 billion, or about 16.6 per cent, year over year. This level of expansion underscores the resilience and, of course, the continued ability for us to generate value, while also safeguarding the resources that are entrusted for the benefit of our pensioners especially,” the minister said.

The National Insurance Fund is financed through contributions paid into the National Insurance Scheme (NIS).

These contributions are invested by the NIF, and pensions, along with other benefits provided under the NIS are disbursed from the Fund.