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:
Beauty spot strewn with rubbish after firework display
Litterbugs have been slammed after holding a fireworks display at a beauty spot - before leaving it strewn with rubbish.
Police seek witnesses to early-hours takeaway fight
Police are appealing for witnesses to come forward after a fight in Douglas in the early hours of this morning.
Manx National Heritage says it'll start cleaning up a historical monument as soon as it can - and is urging the public not to try themselves.
Remembrance Day services this weekend
Services will be held around the Island this weekend to honour those who gave their lives serving their country.
Tynwald dominated by elections next week
Tynwald is set to hold 15 elections when the court sits this month.
Myra the snake home after 10 weeks eating Ramsey's longtails!
A snake that went missing in Ramsey more than 10 weeks ago has been found and returned home.
Vegetarian café in Ramsey to close this weekend
A vegetarian café in Ramsey says it'll close for good this weekend.
Court battle over "Big Grid" company next week
A deemster could order the company behind the so-called "Big Grid" in Douglas to be wound up next week.
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