19 Long-Term Benefits Concomitant with population ageing and projections for evolution of the NIS, the long- term benefits branch showed an increase in the number of recipients and the value of benefits paid. This group consists of Retirement Pension, Retirement Grant, Invalidity and Survivors’ Benefit recipients, whose number increased by 6,597 or 4.29% from 153,823 in the previous year, to 160,420 in FY2017. Payment to this group totalled $4,423.23Mn or 93.15% of total benefit expenditure. Benefit Number of Benefit % of Total % of Total Type Beneficiaries Expenditure Long-Term Long-Term Beneficiaries Expenditure Retirement Pension 108,116 $3,778,457,153.21 67.4% 85.42% Retirement Grant 5,526 $203,138,424.54 3.44% 4.59% *Survivors’ Benefit 42,812 $368,282,996.12 26.69% 8.33% Invalidity Benefit 3,966 $73,353,826.17 2.47% 1.66% Total 160,420 $4,423,232,800.04 % of Total Beneficiaries 83.62% % of Total Benefit 93.15% Expenditure *Survivors’ Benefit plus Survivors’ Grant Long-Term Benefits 5,526 (3.44%) $203.1 Mn 42,812 (26.69%) $368.2 Mn 3,966 (2.47%) $73.3 Mn 108,116 (67.4%) $3,778.4 Mn Retirement Pension Retirement Grant Survivors’ Benefit Invalidity Benefit