Twelfth actuarial valuation of the National Insurance Fund as of 30 June 2020

The conduct of the Twelfth actuarial valuation of the National Insurance Fund (NIF) as of 30 June 2020 is primarily aimed at assisting the Board of the National Insurance Corporation (NIC) in ensuring that the social security system operates on sound financial and actuarial bases; provides adequate and affordable levels of income protection; and where considered necessary to provide recommendations aimed at ensuring that these objectives can be achieved for current and future generations. The Actuarial valuation is mandated by statute and its report is a public document which serves to inform stakeholders of the current and projected financial status of the Fund.

Project symbol

LCA/20/01/LCA

Admin unit

DWT/CO-Port-of-Spain

Start date

26/05/2021

End date

25/10/2022

Total allocation

14720

Total expenditure

Status

Closed

14720

Development Partners

Saint Lucia, National Insurance Corporation

Country/Countries

Saint Lucia

Outcomes

Outcome 8: Comprehensive and sustainable social protection for all