Manx Pension Supplement phased out
Changes to state pensions will officially come into force from next spring.
The new single-tier Manx state pension, announced in last month's budget, was approved unanimously in Tynwald this week.
In a move which effectively brings the system into line with the United Kingdom, anyone who has made National Insurance contributions here for 35 years or more will be able to claim the basic state pension of £180 per week.
The retirement age for both men and women will rise to 67.
Contracted-out pensions will be abolished, and the Manx Pension Supplement will be gradually phased out.
Although the measures have been in the works for some time, Speaker of the House of Keys Juan Watterson pushed unsuccessfully this week to send them to a parliamentary committee.
The changes ring in on 6 April, 2019.
If you reach existing retirement age before then, you will not be affected.
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