Resource
Barbados: Report to the Government Eleventh Actuarial Review of the National Insurance, Unemployment and Severance Funds as of 31 December 2002
Summary (English)
The main objectives of the Eleventh Actuarial Review are to determine the long-term financial condition of the National Insurance Fund (NIF) and to review contribution and benefit provisions, making recommendations where appropriate. The report is divided into two sections ¿ the main report and the appendices. The main report contains an analysis of recent experience and results of population, economic and NIF projections up to 2062. An analysis of experience and a short-term outlook of the Unemployment, Severance and Sugar Workers¿ Provident Funds are also included. The appendices that follow contain a summary of main NIS contribution and benefit provisions, a description of the methodology used for the valuation and detailed tables of data, assumptions and projection results. They also provide an analysis of experience during the inter-valuation period ¿ 2000 to 2002. While several data items were either no omissions should not materially affect the projection results.
Related info
895