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Imbert: Longevity poses risk to pension systems
Finance Minister Colm Imbert
FINANCE Minister Colm Imbert said all countries must consider the potential that longevity risk could pose to their pension systems.
Speaking at a webinar held by the Development Bank of Latin America (CAF) on Wednesday, Imbert said, Given the unpredictable nature of the current pandemic, the real effects of covid 19 on mortality and morbidity will not be known for a number of years.
Over the last 50 years, he said, life expectancy at birth in Trinidad and Tobago has grown substantially, from 64.8 to 73.6 years. Imbert said the UNs projects that average life expectancy in TT will increase to over 83 years within this century. He credited improvements in medicine and medical technology for this development.