Treasury to ask about the future of pensions

The Treasury will ask for Tynwald's backing for a public consultation about the future of pensions next month.

When the court sits in April, Treasury Minister Alex Allinson will put a motion to the court about the National Insurance Fund and pensions.

It's after the government dropped plans to scrap the triple-lock system which sees pensions increase by inflation, average wage rises or a fixed percentage each year.

Dr Allinson will ask members to support a consultation that will look into sustainable and fair state pensions.