Pearnel Charles Jr.
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Labour & Social Security Minister Pearnel Charles Jr has credited the government's ability to increase the payment to pensioners to prudent management of the National Insurance Fund (NIF).
Mr Charles, addressing the House of Repesentatives on Tuesday, said the value of the NIF has increased by 17 per cent over last year, to $227 Billion as at March 31.
He said the government will continue reforms to optimise financial performance of the fund and monitor its long term financial sustainability.
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