Government is looking to the UK benefit model as it plans to make the system more sustainable.
With people living for much longer the National Insurance fund will have collapsed by 2050 if current forecasts are to be believed.
A number of alternatives are currently being explored.
Treasury Minister Eddie Teare outlines the benefits of the UK’s system for the Isle of Man:
Restrictions on Mountain Road for hedge cutting tonight
The Department of Infrastructure says it'll be carrying out hedge and verge cutting on the Mountain Road this evening.
Netherlands Prime Minister full of praise for Joe Locke
The Prime Minister of the Netherlands has posted photos of himself with Manx actor Joe Locke.
Firefighters tackle fire at Douglas home
Fire crews were called out to deal with a fire at a home in Douglas this morning.
Manx Utilities gets permission to put solar panels on NSC
Manx Utilities says it's secured planning approval to put solar panels of the roof of the National Sports Centre.
Mobile satellite data services to be considered for Island
The Island's telecoms regulator will consider possible mobile satellite data services later this year.
Refurbished linkspan ready for Manx Grand Prix
Bikers getting off the ferry for Manx Grand Prix will be greeted by a new road surface this month.
Famous army parachute team to perform for Classic TT
The British Army's famous parachute display team will be visiting the Island for the Classic TT this month.
Royal show kicks off today
The Royal Manx Agricultural Show gets underway today.
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