Tuesday January 19, 2021, 8:05 PM
Deputy Peter Roffey has called for the States to take action on the issue. Credit: ITV Channel TV
Guernsey s Committee for Employment and Social Security warns that funding used to cover pensions, unemployment benefits and long term care in Guernsey could run out within decades.
A new report says that based on current contributions, the funds in the Long-term Care Fund - used to help with the costs of care in nursing and residential homes - could be depleted by 2053.
Meanwhile, the Guernsey Insurance Fund, which supports islanders during old age, unemployment, and with maternity and incapacity benefit, could be exhausted by as early as 2039