The government says it's scrapping the pensions 'triple-lock' for people who retired after 2019.
It says it'll replace the system with a 'Manx Pension Guarantee' which would see the Manx State Pension rise by 2% or by inflation each year.
At present, they go up by the highest of 2.5%, the rate of inflation or the average wage increase.
The changes, if approved by Tynwald next month, will come into effect in April.
Ministers say without making changes, the national insurance fund that pays for pensions will run out in around 20 years' time.
NSC to temporarily close sports halls
Operations can resume after bone cement shortage
Community centre says charity boxes have been stolen
20% rise planned for HGV operator disc fees
Company applies for sign permission
Northern Irish council hits out at new Manx visa rules for fishermen
Increased police presence just an exercise
Too early for windfarm payment details, says minister
