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11 per cent increase in NIF assets

Published:Monday | July 11, 2016 | 5:54 PM

The National Insurance Fund (NIF) says its net assets increased by $8.32 billion for the calendar year ending December 31, 2015.

According to the Ministry of Labour and Social Security’s annual report for 2015, the 11.82 per cent improvement was attributable to improved share prices, money market investments and real estate investments.

The value of the NIF assets now stand at $78.7 billion.

The NIF is the source from which pensions and other benefits under the National Insurance Scheme (NIS) are paid.