Relating to numbers at different ages in a population now and in the future.
Stakeholders
All persons who have an interest in any organisation.
Feedback
Responses from those affected by any action related to them.
Actuary
Professional qualified at placing a present value on future contingent events typically involved in performing calculations for insurance organisations.
Actuarial Review
Financial Report on future development of an insurance fund.
Mortality Rates
The rate at which persons of different ages die can be predicted to a fair degree - this average is called the mortality rate.
Fertility Rate
The average number of children born to a woman in her lifetime.
Reserve Ratio
Full name Reserve to Expenditure Ratio - Fund divided by annual total benefit expenditure including expenses.
Contributory Support Radio
Number of contributors divided by numbers of pensioners.
Triennial
Every three years.
Pension Reform
Process of changing NIS Pension Scheme to ensure long term reliability.
2001 - 2002 Copyright National Insurance Scheme,
Barbados, West Indies