The Treasury Minister says he wants to start a national conversation about the future of state pensions.
The National Insurance Fund, which finances pensions, could start running out of cash in 20 years time.
A just-published actuarial report says options to stop that include raising the state pension age or have people paying in for longer.
Dr Alex Allinson says he will be talking with Tynwald to develop a plan that will ensure finances for the future.
Should the Island throw a birthday party for Barry Gibb?
Warning issued over icy roads
High ground could see 4 inches of snow on Saturday night
Mountain Road unlikely to open before Monday
Yellow warning for freezing temperatures tonight
School bangers night called off
AK47 and Uzi handed in to police
"No dispute" over Liverpool Ferry Terminal, says main contractor