National Insurance Fund
NIF
The National Insurance Fund (NIF) was formed pursuant to Section 39 of the National Insurance Act.
The NIF is funded by National Insurance contributions and is the source from which pensions and other benefits under the National Insurance Scheme (NIS) are paid.
The National Insurance Board an investment advisory board, came into existence in 1990. The then Minister of Labour welfare and Sport, Honourable Portia Simpson-Miller, thought that the diversification of the investments of the National Insurance Fund needed careful management.