Sign up – Government Asked to Withdraw Changes to NIS Bill


The People of Barbados will be severely affected by the proposed changes to the National Insurance Scheme. They have noted that last March 2022, the Prime Minister stated that it was her intent to:

1. Make the National Insurance Scheme (NIS) a Statutory Corporation more independent from      Government by the end of 2022.

2. Recapitalize the NIS.

3. Add a requirement to diversify investments both locally and abroad.

4. Ensure that when private projects SEEK PUBLIC SUPPORT, they give the NIS the choice to invest.

However, the People of Barbados not having been privy to any report on the consultations regarding the National Insurance scheme, not being provided information on the Actuarial Review of the Pension Fund, not having knowledge of the assets of the Scheme or how the tax payers monies are being spent or invested or government’s action to recover funds that are being owed; are now being faced with a Bill that has already  passed in the House of Assembly without discussion when this Bill will have profound effects on the lives of the dwindling middle class and all of the persons from the lower echelons of society and Barbadians yet unborn. The Bill is now before the Senate the step before it becomes the law of the land.

Please sign the Petition to Withdraw The National Insurance (Amendment) Bill & Pensions (Miscellaneous Provisions) Bill

The People have decided to take a stand.  Our concerns are for:

1. Public engagement in a matter that profoundly alters the National Insurance scheme as it presently exists.

2. The conducting of a Social and Economic Impact Assessment on how such action will affect persons who currently live in Barbados as well as Barbadians who live abroad that have worked on the island and are due a pension.

3. All other options be explored to maintain the safety net of the people before the National Insurance Scheme is tampered with to the detriment of the people.

4. The impact on people who are currently eligible for a pension but with the proposed Bill, will not have enough contributions since the number of contributions will rise from 500 to 750.

5. That government bear the burden of proof to show evidence that their proposal in the form of a Bill has been a successful in another country and can therefore be a model adopted by Barbados.

6. That an island which currently has concerns about the level of productivity would even consider extending the retirement age of its workforce as this will undoubtedly lead to less productivity especially for manual, blue collar, construction and agricultural workers and a rise in physical and age-related illnesses.

7. The fact that many of our statutory corporations were established to relieve them of the administrative burden of the public service. While this makes sense in theory (1) we know that many statutory corporations have not been very good at producing financial statements to account for their operations (2) they are more politicized than the Civil Service since Governments will change the entire board and top management based on partisan political considerations rather than performance or ability. (3) Ministers with responsibility for statutory corporations are known to have refused to bring information about their operation to the Cabinet. There is nothing to suggest this will change.

8. That our pensions will be used to support/prop up private sector projects.

9. While diversifying investment sounds good, who will manage these investments? With no regard for the Auditor General how will we know that the money will not be going to family and friends? The people still are not provided with the transparency to know what happens to borrowed funds after they pass through the Estimates process so how can we trust what will happen to our NIS funds?

The time to act is now and based on the foregoing, we the People are demanding that:

1. The age of retirement to be at 65

2. Eligibility remains at 500 contributions

3. Politicians and citizens to be on par with respect to retirement age

4. More compliance officers be employed to ensure contributions are paid

5.  Government pay back the money owed

6.Government identifies the leaks in the scheme and fix them

7. Government goes after defaulters

8. Regular audits are conducted

9. Systems are put in place whereby the government cannot use the funds

10. NIS be placed into the Central Government and not under the absolute control of the Minister

11. Systems are put in place to help microbusinesses file their contributions

12. That The National Insurance (Amendment) Bill & The Pensions (Miscellaneous Provisions) Bill be withdrawn.



166 thoughts on “Sign up – Government Asked to Withdraw Changes to NIS Bill

  1. “The People have decided to take a stand”
    A few years too late? “The People” don’t read BU?
    Too many incorrect claims, and scattered focus on demands.

    • . The age of retirement to be at 65..too late, that ship sailed already

      2. Eligibility remains at 500 contributions…too late it’s at 759

      3. Politicians and citizens to be on par with respect to retirement age…good fucking luck

      4. More compliance officers be employed to ensure contributions are paid….bullshit. more jobs no results.

      5. Government pay back the money owed…good luck

      6.Government identifies the leaks in the scheme and fix them…pardon me. You expect the govt to police themselves?

      7. Government goes after defaulters…good idea. But…the big source of money waste, is the government not the defaulters.

      8. Regular audits are conducted…it was law and hasn’t been done successfully for 15+ yrs.

      9. Systems are put in place whereby the government cannot use the funds…ha ha ha. They were using them and you didn’t even know 😂😂

      10. NIS be placed into the Central Government and not under the absolute control of the Minister… you think central government doesn’t fall under a Minister. Duh.

      11. Systems are put in place to help microbusinesses file their contributions…yank yank…micro business people are idiots?

      12. That The National Insurance (Amendment) Bill & The Pensions (Miscellaneous Provisions) Bill be withdrawn….and replaced with ????

      So David a ‘barely like um’ list.

    • I have no concern about pilots.
      The issue is accountability.
      If the law can be abused with impunity, there will be no change. Just a different abuse angle.
      If I murder two children, do I merely find two orphans and provide them to the family of the deceased?
      Contributions get diverted (cash) and are later replaced with Bonds, so all is good? The initial crime goes untouched.
      A company CBL is formed, and not a single annual report as required by law is issued, but it loses $124M and the lone asset (land as loan collateral) is being disputed. NOBODY has ever been called to account.
      If it wasn’t for the IMF, the NIS contributions re-direction may still be a secret. The NIS don’t issue annual reports as required by law.
      The law don’t apply to we?
      When the GoB wanted to offload the Caves, past Reports appeared as if by magic. All the stumbling blocks which apply to others were overcome?

    • To clarify- are you suggesting NO that if the governance issues were being complied with we would not have the concerns of today?

    • “concerns” is very broad.
      What I am saying is unless accountability is enforced, the C’s (the Cabal), will continue to abuse and ignore.
      Some are calling for the NIS ‘investments’ in GoB debt, which became zero after the debt restructuring, to be returned.
      Yet, those same calls ignore the cause. That for many years the NIS Investment Policy Statement was willfully ignored.
      We en care, we want we money back?
      The causal factors are ignored. Nobody is accountable. It stop so and hollar ply.

  2. The election of Cornel West will not help the world economy or the NIS.

    Oh jesus christos, but West has located the 2024 election thusly.

    “A election of Biden will lead up to world war”.

    “And the election of Trump will lead to civil war.”


    We recognize the arrival of Afreximbank.

    We wish them well!

  3. ALL Pension Fund problems can be permanently solved by eliminating the need for the Fund with a Pension Tax.

    KISS Solution
    1) STOP NIS contributory pension benefit. NIS will ONLY provide sickness, maternity, injury, disability and unemployment benefits.
    2) Everyone gets a pension calculated based on the average of your last 5 years earnings information in BRA PAYE Tax records.
    3) Implement a Pension Tax on non-pension earnings recalculated each year to cover all the projected pension payouts until the next year when the Pension Tax is recalculated.

    NIS would continue to pay pensioners but would be doing it on behalf of BRA.

    Whoever wants more pension than that would have to supplement by private pension plans, investments or business ventures.

    • Who would be financing NIS payments of benefits? If the employee has to contribute, wouldn’t a ‘pension tax’ be an additional burden on people, especially those who earn minimum wages?

  4. Should have scotched the 30-0 nullity in 2018.

    May not have helped much with the NIS as it had been already rifled.

  5. Listen start with 3 things

    ENSURE THAT THE NIS IS RECAPITALIZED BY GOVERNMENT TO THE AMOUNT OF $80M A YEAR FOR THE NEXT 12 YEARS. (After all you right of 1 billion that wasn’t wunna one now put it back)



    Start with the above and we good.

    • I agree wholeheartedly with your suggestion of discontinuing non-contributory pensions. Why should people be forced to contribute 2% of their earnings to pay people who essentially refuse contributing to NIS. Everyone pays value added tax…. and, I believe any ‘social assistance’ should be paid therefrom. Also, what is the purpose of a ‘training levy’ that justifies people contributing 0.50% of their earnings to it? This 2.50% could either be ‘abolished’ thereby reducing the overall NIS contribution rate from 11.10% to 8.60%, or increase NI portion from 6.75% to 9.25%.

    • What is the non contributory amount? Is it 8 million? Who are the majority of people who get this pension? The demographic?

  6. Suppose we never had NIS.

    There would have been no money to steal.

    The incentive would be with the private sector to make pension schemes available to the public on a competitive basis and there is a market because far more persons work today than prior to the onset of NIS.

    So, one provider would be in competition with another to get the best returns for the monies the public entrusted to them for the supply of their future pensions.

    There would be also an incentive for private companies to compete in providing health and employment insurance.

    It is obvious that whether the retirement ages changed up or down or the number of contributions changed from 500 to 750, the de dog dead, sooner or later and if left to Government, it will be sooner.

    Everything government touches turns to dust.

    You may say that CLICO was a private entity and it folded but if you follow the political links you will realise the Government was instrumental in its demise.

    The problem is with Government.

  7. Pacha…the people finally got a real good glimpse into just how much danger they are in from the evil dangerous traitor government headed by the bajan talking machine…

    They can now take it.from there…..they now know their very survival depends on how they proceed.

  8. Part of the non contributory is coming from those who worked and contributed but will never collect (those that migrated or died early) All coming from tax payer pockets one way or another.

  9. I am more concerned about contributing 2% of my earnings to support people who did not contribute as well, unless they were born with a disability that prevented them from working. The ‘demograhics’ or if the payment is $8M or 50¢ are irrelevant, in MY opinion.

    • And a person with kids will say they are against money taken from them for free education of other people kids and on and on we go. The sewage levy etc

    • What about the contingent rights of Caricom citizens? We need to focus on the governance of the fund to ROI and finding ways to invigorate enrollment in the NIS.

  10. David, are you suggesting people should not be concerned about contributing 2% of their earnings to support non-contributory pensioners, because payments thereof may be insignificant? If so, that is your opinion. I ‘beg to differ.’

    • @Artax

      People can be concerned about anything, especially what impacts their income. What is a social security designed to do? What is the obligation or responsibility of the state . See earlier question, who are the people that fall into this group? The blogmaster has no dog in this fight, we need to focus on the big picture.

  11. We never liked Imran Khan as a cricketer.

    For he was tooooo good a player, acting against us.

    But as a politician, he’s without peer.

    Makes his former and present foe connote imaginary of the giant and the ant.

    That such a luminary could now be subjected to these the worst forms of political violence.

    And that former West Indian players, socalled greats, to whom he gave nightmares, as a cricketer, could remain silent

    Exposes a level of vacuousness much time and energies were unfortunately invested therein.

  12. Artax

    I don’t know when NIS started but back in the day I can remember most moms used to be stay at home mothers. I can think of two both over 75 where the husband/ child father passed long time ago. these women should be left to be supported by their children or the welfare department?

    The kids and grandkids are now paying the same 2% that you against

    • John2, WHY should I be forced to contribute to COMPENSATING a man’s wife/girlfriend for taking care of HIS house and raising HIS children? I agree with John A 100%. Let such payments be made in the form a benefit, from the Consolidated Fund.

  13. Waru

    We remain unconvinced. That there is an awakening. Will be!

    For even at Crop Over. When we had hoped that Iweb would have won the calypso contest, we continue to be asked to talk shiite about dead systems.

    Made dead by the false lovers of democracy and devout supporters of neoliberalism, as window dressing for fascism.

    BTW, did Iweb win?

    • I dont follow the crapover component, was even more turned off when the talking machine instead of giving the population hope of reconnecting to their African ancestry …via available data, was so brash and smilingly crude in telling the population to “go wukkup”….many were disgusted by this common class display coming from pretenders of lower stature…that’s all they can intellectially offer….since they know how many decades these lowcrawling hangsters sent manipulating the opulation into that dituation as seeong the crude wukking up as the only culture they have or know.

      Am giving the poulation…minus the slaveminded, ignorant supporters, who will never learn or output anything useful….the benefit of the doubt..

  14. If we want the NIS to function as a business entity and run an annual surplus,then no activities of the fund can be considered that are not based on revenue collected. The non contributory pension if government wishes to continue with it, must therefore be paid from the consolidated fund and the word PENSION removed from its title. Call it a national social payment or what ever you want but not a pesion.

    Also Artax has a valid point why should he or any of us support those that do not pay? Is it right that a man that has made 749 contributions not see a cent now, but a man that never made one receice a payment?

    Why should we that pay not see a cent to 68 when those that dont pay get $700 plus a month for not paying in a blind cent at 68!

    Look wunna dont mind the sweet talk about bajans living longer bla bla bla. The fund is in trouble because 1 BILLION DOLLARS was removed from the fund and written off. The balance of paper that was not written off by government has seen its earnings drop from rougly 6 percent to 1 percent rougly a year. Add this to the non performing assets like the GROTTO and several like it and thats the real reason wunna got to wait to 68!

    Take the political interference out the fund and run it like a business if you truly want in to be OUR LIFE LINE and not our BURIAL FUND!

    • @John A

      Can we given our environment truly ring fence the NIS? We talk like the fund can be segregated given limited investment opportunities and particularly cognizant of the fact the fund is only as strong or less threatened by the state of our domestic economy.

  15. @John A
    You know that is a nonstarter; at best you could propose that it should be “granfathered” for recipients; with a cut off point for prospective beneficiaries of non-contributing pensions at some point in time. Do you remember what happened when the Gov’t decided to remove disability pensions for those who were receiving other Gov’t pensions? You can’t arbitrarily cut off pensions for people who are most in need.

  16. I have never hear of I.Web! Nor, was I aware that this type of music was still being released in 2023 in Bimshire. According to BT and The Nation he was declared king of the monarchs. What a tune!

  17. *****since they know how many decades these lowcrawling gangsters spent manipulating the population into that situation as seeing the crude wukking up as the only culture they have or know.

    ***Am giving the population…..

  18. The demographic?
    Sometimes we strain ourselves we reach well below our mental abilities.

    I can understand a question like this occuring in a country like the USA. I do not get it for Barbados.

    Who do you think will be the demographics?

  19. @NO
    8:55 a.m., 10:19 a.m.
    Slash and burn
    Taking no prisoners

    I like how your eyes are opening. Not a sham, scam, ponzi scheme yet. Getting there.

  20. @CA
    Were you the guy moving around furniture on the Titanic? You need to add more detail to KISS.
    Some stupid don’t get it.

  21. David, a social security system is designed to benefit those persons who made the requisite contributions to it. Politicians are responsible for transforming Barbados into a mendicant society, then we complain about government borrowing and debt increasing.

    • @TheoGazerts @Artax

      I simplified it further.

      Government cannot pilfer from our NIS Pension Fund if it is taken away entirely. NO more NIS Pension and smaller NIS deduction.

      Government will instead pay a monthly retirement allowance (RA) calculated on pre-retirement earnings info sent to BRA for PAYE and adjust the PAYE Tax rate on an annual basis to cover the projected retirement allowance payments budget for the year.

      E.g. a person earning $2000 monthly at retirement might get $1200 RA while a person earning $5000+ per month might get $2500 RA

  22. Artax on August 5, 2023 at 12:49 PM said:
    Rate This

    David, a social security system is designed to benefit those persons who made the requisite contributions to it. Politicians are responsible for transforming Barbados into a mendicant society, then we complain about government borrowing and debt increasing.


    You just described socialism!!

    That’s why it is called a “social” security scheme!!

    Politicians did not do the transforming, we did.

    Now we are sick and tired of the misery such a system engenders we make noise.

    Sorry, unless we do something about the 30-0 nullity, we now have created a one party, socialist/Communist/Fascist state.

  23. Pacha…there is a 1:12:26 audio on 789 Whatsapp group that you just gotta hear. When you think things could not get any worse or the betrayals any more repulsive…wrong…

    The traitor mind never ceases to meet expectations.

    We expected that is exactly what happened at NIS with the wholesale thefts….the free for all just for wicked politicians and their partners only.

  24. Critical Analyzer
    on August 5, 2023 at 1:32 PM said:
    Rate This

    @TheoGazerts @Artax

    I simplified it further.

    Government cannot pilfer from our NIS Pension Fund if it is taken away entirely. NO more NIS Pension and smaller NIS deduction.


    Who is going to take over a fund that has millions owed to it and has written off $1 billion.

    Young people need to make alternative arrangements.

    • Bushie is surprised at your like of attack Enuff…
      wide outside the off-stump…..

      So what if Heather Cole could not set up a meeting turn..?

      Did wunna not promote Doogid to senior minister in charge of ‘all infrastructure’ after he could not even assemble some LEGO steel houses?

      Is Simmuns not a big-up senior too – after telling people to put up solar, even after de power company say Dem aint connecting?

      Is the mock Professor not our TOP financial guru after being the failed Four Seasons guru?

      Is the notorious NIS chief architect not now wunna top financial advisor?

      It seems that Heather is following wunna BLP motto of – ‘gimme de ting and watch muh’…. even if I do shiite…


    • @enuff

      There is a reality that will not go away by attacking Heather, Barbadians are fed up with how successive governments have managed the NIS. Unfortunately you are in seat and will suffer the blowback.

  25. @ David
    @ Sargeant

    If we want future generations to trust the security of the fund and believe that they dont have to work to 75 for pension, then we must ring fence the fund and ensure that future and current governments can not feed off the tits of the fund when they find themselves in a tight cash flow situation.

    If this is not done young people who know of the debt restructuring and the resulting decimation of the NIS, will say “not my money my father lost nuff in the government paper already.”

    It is therefore not really an option if the NIS is to be seen by the young worrkers ‘ as their lifeline.” Basically confidence in the management of the NIS has now to be rebuilt and sweet talk will not suffice this time around.







    • This is not true at all.

      For it goes against all the rules on which all social security systems are based.

      One thing about America is that there’s never a free lunch, or retirement.

      Why would anybody pay in if those who don’t get the same or similar benefits?

      That Gringo was lying to you, as all husselers, pips, are known to do.

      But then again, in Amerikkka everything has steel in it. So is the Social Security Administration. Even as the benefit rules, available online, says a definitive no!

    • Watch & comment..
      Nothing to see here Pacha.
      …and now you owe Bushie two hours, that could have been directed at Enuff’s weak excuses for cussing Heather…

      LOL, anyway…
      This is nothing but the ramblings of the lost souls on the Titanic speculating about whether it is the cold, the panic or the water that will be their undoing…

      The concept of ‘extra terrestrial life’ is really an oxymoron.

      ‘Life’ is REALLY an extra terrestrial phenomenon, and in fact, it is the fleeting, limited, hazy, terrestrial existence that we call living that needs to be understood.

      It is only OBVIOUS that there are super-human beings operating outside of our shiite realm, …and that with modern advanced technologies this will inevitably become clear to every single brass bowl…

      So the appointed demons of our world have decided to manage this ‘problem’ by admitting the undeniable, while introducing all kinds of fancy shiite talk to distract wunna from the FACT that THINGS ARE FAST COMING TO A HEAD…and there is ONLY one sure salvation.

      Same shiite with ‘global warming’.
      The damn EARTH is obviously DYING.
      Suffering the pangs of old age, and carnal abuse.
      BUT, instead of making peace with wunna CREATOR, wunna minding the demons – talking shiite about ‘global warming’ and ‘carbon footprints’…and ’saving the planet’.

      It is written that…
      “The WHOLE WORLD shall be deceived”.
      Rather than observe the OBVIOUS signs that our Titanic is sunk, and looking for THE lifeboat, …we hang onto shiite theories about keeping it afloat…

    • Bushie

      As expected, you’ve misfired again. Will substantively respond when on a screen.

      But sorry about your shortened life by the two hours.

      Was operating on the basis that deeper insights might have been triggered.

  26. “It seems that Heather is following wunna BLP motto of – ‘gimme de ting and watch muh’…. even if I do shiite…”

    Not to mention all ah dem 93 and counting…with the exception of Donogood, are on a looonnngg list now under a RICO filing in Florida…their sidekicks in criminality aka yardfowls should tell is why…

    Looks like the wannabe diktator shite went to their heads and they have no clue there is a price to pay.

  27. Democratic socialism has its flaws. It has to be properly balanced.

    Your free market capitalist system has even bigger flaws. The market is never free.

    John 2 is right about the non- contributory pensions and stay at home moms. And Artax is right that there are many people out there, self-employed people who refuse to contribute and should not receive a pension off the backs of others who did.

    I believe the non-contributory pensions should be fazed out, in a way that it does not impact those who are about to retire. There can be a provision for those who stayed at home to raise children to apply for a benefit. We are worried about population decline, after all.

    As for all the other stuff, I think the horse has already bolted for some of Heather’s suggestions. And others require much money that will not come out of politicians’ pockets.

    But we cannot throw our hands in the air and say that compliance officers will accomplish nothing and ring fencing the fund is impossible.

    So wuh tuh do den? Nothing?

    Awright den. Bye! I got udda fish tuh fry!

  28. But before I go, let me congratulate TLSN for finally posting something worthwhile.

    However, he directed us to I- Webb when the real gem came directly after.

    I-Webb’s song was a Red Plastic Bag template.

    Bits and pieces, news headlines wrapped in a “De Country Sick” paper. Pretty good but…

    Adrian Clarke’s song was a Mighty Sparrow bomber. One topic, a witty tale, delivered in crisp style, without de lotta long drawn out line endings and fancy singing. Tight and Sharp. Perfect phrasing! Calypso in its purist form.

    “Oh, Lion and Donkey arguin’, between de two uh dem, who is really king.” 😊

    Baje cyan beat Trini calypso!

    P.S. I know Slinger Francisco born in Grenada but he move to Trinidad when he did small.

  29. Did anyone notice who stole the money from the NIS…..billions of dollars, with their criminal sidekicks of the minority variety involved..up to their necks in corruption and thefts to build their luxury lifestyles off Black backs…that is what the traitors set up……

    ….they remain a threat to the PENSION FUND, VAT, and treasury…once a thief, always a thief…you have well over 500 of them on the island…all famous…all pretend elites…..nearly 100 of them in one offshore court filing for rackeetering…i would be wondering who they will RoB next….only because try as they might they cant RoB me…that already blew up on them in a worldstage stylee.

  30. Americans set a good example of how to protest against Government, which is a never ending and constant battle

  31. Bushie

    Anyone with lil common sense can see that the woman just talking for talking sake. She says the “People of Barbados will be severely affected” but hasn’t cited one example of such severe effect. She asks for a social and economic impact assessment, even though the social and economic impact from a collapsed NIS pension fund is clearly what the reform measures (that she opposes) are seeking to avoid. She asks for the Fund to be placed under Central Government and not under the absolute control of the Minister. We all know that Acts say Minister but decisions will be made by the Cabinet as a collective. The beauty though is the call for a return to 65yrs as the age of retirement, an age retired long time ago and simply makes no sense given the dwindling and aging population…..unless she’s advocating for an increase in contributions. I will not be (mis)led by a woman, who could not set up a meeting turn, on an issue as complex as pension reform. You get up good.

  32. So what is “ring fencing”?
    How can the same ring fencing stop those who invest NIS funds, from buying bonds beyond the IPS?
    How can ring fencing stop the GoB from redirecting funds intended for the NIS?
    How can ring fencing stop the GoB from incorporating an entity and not reporting, or guaranteeing loans that were so safe, not a single penny was ever repaid?
    How can ring fencing stop the same corporation from selling the only asset (land) they received as collateral in case of loan default?
    Please ring fence me, so I can do as I please.

    • @ David re Enuff
      Boss, did you think that Enuff would have offered a few words in defense of the four Government’s top generals, who were so brashly treated by the bushman @ 3;12 pm?
      …or is it only Bushie who noted that Enuff appears to be in phase with Bushie about the “LEGO steal house Senior” and the “Four Seasons Prof”?

      Yuh gotta give it to Enuff…
      ..says VOLUMES with very few words…. oft-times with none…

    • CTUSAB: Govt didn’t keep promise

      The Congress of Trade Unions and Staff Associations of Barbados (CTUSAB) has taken umbrage with Government’s latest tabling of the new legislation aimed at keeping the National Insurance Fund capitalised.
      In a press statement issued over the weekend, CTUSAB general secretary Dennis DePeiza said the Government has not kept its promise to consult with the island’s Social Partnership in this matters of national interest, and that the plan could have a serious impact on productivity and the well-being of seniors in Barbados.
      “The Congress of Trade Unions and Staff Associations of Barbados (CTUSAB), takes issue with the drastic changes proposed by the Government, to the National Insurance Fund at this time. CTUSAB criticizes the Government on having not kept its promise to consult with members of the Social Partnership, following the consultation held with the actuary earlier this year. It was therefore in poor taste to learn of Government’s imposed changes through a ministerial statement which was read by the Minister of Labour, Social Security and Third Sector, the Honourable Colin Jordan, in the House of Assembly on June 28,” the statement read.
      In addition, CTUSAB said it was not satisfied that Government had canvassed the Barbadian population widely enough about the proposed measures, before the issuance of the ministerial statement, which essentially means that there could be no meaningful debate.
      DePeiza said the proposed
      engagement of the populace in an educational campaign after the fact, is nonsense and questions the wisdom of doing so.
      “Working class people and indeed all Barbadians, are urged to let their voices be heard on these draconian measures. CTUSAB is of the opinion that the proposed NIS reforms are unacceptable and must be revisited,” the general secretary said.
      He said the current unilateral approach to governance is not in keeping with the spirit and intent of the Protocol 6, which identifies the principles that guide the operations of the Social Partnership.
      “CTUSAB strongly disagrees with the increase in the number of contributions required in order to become eligible for pension, which has moved from 500 weeks (10 years) to 750 weeks (15 years),” De Peiza said.
      CTUSAB argued that the change of the pensionable age from 67 to 67 and a half years in 2028, and then to 68 years in 2034 is unwarranted, as this could certainly undermine national productivity and be the catalyst for the deterioration of the health and well-being of those seniors in the workforce. (PR/BA) The Congress also claimed the extended age of retirement would run counterproductive to young workers being able to secure jobs at an early age, and could challenge some in qualifying to receive a reduced pension, when the adjustment from age 61 in 2025, 62 years in 2028, and age 63 in 2031, becomes effective, said De Peiza. (PR/BA)

      Source: Nation

    • Some issues with the pension amendment

      During the sitting of the House of Assembly on July 28, 2023, Minister Colin Jordan stated in part as follows (extracted from the GIS website): “Mr Speaker, the National Insurance Board has made its submission to the Cabinet and the Cabinet has agreed proposals that I will share today.
      “1. There will be no increase in the contribution rates for employers or employees.
      “2. In 2028, the pensionable age will become 67.5 years. “3. In 2034, the pensionable age becomes 68 years. “4. Today, the first age to qualify for a reduced pension is 60 years. There will be a change to this age in three steps:
      • 61 in 2025
      • 62 in 2028
      • 63 in 2031 “5. There will be an increase in the number of contributions required to become eligible for pension from 500 weeks (approximately 10 years) to 750 weeks (approximately 15 years) with no effect on those 60 years or older on January 1, 2024.”
      Much public discussion ensued from this statement and a sick-out was staged last week by some public servants to protest the proposed changes. It was also widely suggested that these proposed changes were intended for debate by the Senate last week, although that sitting was eventually adjourned. The organiser of the sick-out claimed the adjournment was influenced at least in part by the sick-out.
      However, Senator Lisa Cummins, the leader of Government Business in the Upper House, said the session on Wednesday was pre-planned days ago.
      I have been following some of the comments and sentiments being expressed about these proposed changes and decided to do my own research to ensure I had an informed view on the issue. Consequently, I took “a deep dive” into all the pension statutes I could find.
      In my research, I found the Pensions (Prime Minister) Act, Cap 11, which entitles a Prime Minister to automatically receive pension on cessation of office regardless of the Prime Minister’s age, period in office or the number of NIS contributions. The Retiring Allowances (Legislative Service) Act Cap 12A allows legislators to qualify for a pension once they have served two full parliamentary terms or at least eight years (whichever is greater) and have attained the age of 50 years old (with exceptions). There is also the Casual Employees Pensions Act, Cap 20, and the Public Employees Pensions Act, Cap 30, which both had similar provisions, though they address different classes of public servants.
      I examined the Pensions Act and Pensions Regulations which are the main statutes that govern the pension entitlement of civil servants. These statutes set the compulsory retirement age and the minimum years of work necessary to qualify for a pension, reduced pension or gratuity. Therefore, these are the statutes that should be amended to give effect to the changes mentioned by Minister Jordan regarding the pensionable and retirement ages and qualifying periods and so on.
      The furor last week surrounded a belief that these changes were already included in the bills before the Senate, namely: the National Insurance And Social Security (Amendment) Act 2023 and the Pension (Miscellaneous Provisions) Act 2023.
      I scoured both bills and found no mention whatsoever of the proposed amendments to the retirement or pensionable ages or qualifying periods and so on. Instead, the pension bill mainly addressed changes to the contribution and pension rates but not the other proposed amendments. Upon further reading of Minister Jordan’s ministerial statement, I realised he did not say these age and qualifying period proposals had already been placed within the draft bills that were before the House. I suspect the ministerial statement was merely to inform the public of the proposals of the National Insurance Board regarding increased pension and retirement ages that had been accepted by Cabinet.
      Clarification from Mr Jordan at this point would be welcomed. I also wish to know whether the proposed amendment to the retirement and pensionable ages will also apply to legislators and/or ministers of Government who, pursuant to the legislation mentioned above, have historically been able to retire at an earlier age than other public servants and still receive full pension.
      Michelle M. Russell is an attorney with a passion for employment law and labour matters. She is also an advocate for mental health and social justice. Email

      Source: Nation

    • National Insurance in context

      Until now, we engaged ourselves in foundational-tointermediate conversations on increasing national wealth and individual prosperity. Now, we apply our learning to gain clarity on the National Insurance amendments laid before Parliament last week to raise the pensionable age from 67 to 68 years old and the number of eligible contribution years from 10 to 15 years.
      The National Insurance Board’s deputy chairman, former Senator Rawdon Adams, in the Daily Nation article entitled NIS Revitalisation & Reform backgrounds NIS reform stating that: “In October 1937, Barbados became the first country in the world with a majority population not of white, European racial origin to grant universal pension rights to its citizens”. Then, “The pension was non-contributory, means-tested and paid to all who were over 70 and had been resident for 20 years or more. Within its first year, . . . on May 1, 1938, over 4 000 pensioners were covered”.
      In short: “The 1937 legislation marked the moment at which care for the poor and elderly changed from being a hit-and-miss charity work or an act of kinship to an obligation on the part of the State to honour the absolute right to a pension”. Since then, the NIS widened its net by providing us increasingly varied insurance arrangements (protection) to become an all-encompassing social security scheme relieving people in their older years, while catering to the needs of men, women and children even before that time comes.
      Social security
      The National Insurance And Social Security Act enables “. . . a system of national insurance and social security for Barbados, providing payments by way of sickness benefit, maternity benefit, invalidity benefit, funeral grant, old age contributory grant or pension, non-contributory old age pension and survivors’ benefit. . . a substitute for the Workmen’s Compensation Act, 1963, a system of insurance against personal injury caused by accident arising out of and in the course of a person’s employment and against prescribed diseases and injuries due to the nature of a person’s employment. It establishes for the administration thereof, a National Insurance Board and a National Insurance Fund; and for purposes connected with the matters aforesaid”. Indubitably, the NIS is a behemoth of epic proportions whose 1937 creation is no mistake.
      The 1930s Caribbean endured severe hardship; leading to the regional labour rebellions properly breaking the plantocracy’s hold on political power for the first time. In Barbados, 86 years ago on July 26, 1937, the famed riots led to at least three deaths, 14 injured, and the leaders being imprisoned with their lives ruined. Three months later, Barbados’ NIS was born as a state-funded
      non-contributory welfare programme.
      Global context
      Often missed is the global context where the 1937 world was eight years deep into the Great depression with another two to go. This Depression began 11 years after World War I ended. Barbados, as a colonial possession, was completely enraptured by the stumbling elephants. Children were underfed, undernourished and undereducated. Boys attended school with their testicles peeping through hole-laden pants. Cricket was played with steel ball bearings and coconut leaf bats. Overall, the general quality of life was poor and life expectancy low.
      This material condition birthed the Barbados Progressive League in 1938, renamed the Barbados Labour Party (BLP) in 1944. With riotous winds filling its well-organised sails, the BLP won us universal adult suffrage in 1951 under Mr Adams’ grandfather Sir Grantley Adams, the first Premier of Barbados and first prime minister of the West Indies Federation. In 1967, Prime Minister Errol Barrow transformed the NIS into a contributory system.
      In the United States, where the Great Depression began, the national mood of rugged individualism acquiesced to social solidarity via the Social Security Act 1935 as starving children performed hard labour just to eat. Even the United Kingdom, with an advanced contributory NIS beginning in 1911, was forced into adjustment via the treasury welfare model when contributions dried. Moreover, the Weimar Republic (Germany) collapsed; giving way to Adolf Hilter who, until then, was a failed politician.
      As Dr George Belle explained to me, Benito Mussolini’s Italy invaded Haile Selassie’s Ethiopia in the same 1935. Interestingly, Africa only suffered 48 per cent export reduction while Europe declined by 66 per cent. That war left Italy dependant upon Germany’s economic support, thereby giving Hitler his axis pathway to Europe with World War II beginning in 1939, the same year the Great Depression ended.
      The NIS, therefore, is not a play thing. It is not here for the good years only but for the worst. Consequently, its future requires sober, informed reflection.

      Dr William M. A. Chandler is a published political economist, legal scholar and business consultant. Email

      Source: Nation

  33. How can anyone with integrity, ethics and moral deficits ask for reparations in the form of money with billions missing from the treasury, vat and pension fund, and with no one held accountability, no one arrested or imprisoned….make that make sense.

    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved. August 5, 2023. @ 8:06PM

    So when are they going to remove the 1661 Slave Codes and Slave Laws off the Barbados STATUTE BOOKS that we have been asking for YEARS and YEARS to get rid of them..

    .everything Barbados has exported since slavery has poisoned the earth…

    Reparations YES

    Money. NO

    There are many forms reparations can take…the first and most important one is FREEDOM…socio- ECONOMIC freedom for Afrikan descents…

    FREEDOM from colonialism, racism, discrimination, and apartheid against Afrikan descents practiced in Barbados religiously, aided and abetted by the hypocritical black governments who refuse to end it..

    ..reparations should also include FREEDOM from colonial negros who believe themselves, once elected to parliament, masters of Afrikan people and proceed to join forces with minorities to suppress, oppress, disenfranchise/disempower, pauperize and exploit Afrikan descents…not one political hypocrite can dispute this….

  34. On behalf of all mothers who stay at home and take care of their family, let me address that moronic comment about somebody not wishing to contribute to a system where he might have to pay into for a man’s wife/girlfriend to stay at home and take care of a child.

    That is small-minded, selfish thinking or should I say disposition.

    In the real world there are tax systems with provisions such as Married Filing Jointly where both spouses contribute to these social systems, irregardless of whether or not the wife works outside the home.

    There are countries that value their citizens to the point where mothers are paid to stay at home and take care of their young ones simply because the government sees the bigger picture.

    Could you imagine if real economies constructed system with such myopic thinking?

    Just imagine if he got sick/ disabled today and cannot work to contribute to the system. Does he have enough credits in the bank to take care of him for the next 40 years or will he be dependent on the funds paid into the system by others including those men whose wives stayed at home to ‘raise’ the family?

    Imagine if the elements operated like that. The sun/rain decided that he contributed nothing to the cycle or that his face is too ugly for sunlight therefore I will not shine nor rain on him. Just imagine!

    ……but since the Universe does not operate on a small-minded scale

    Let’s all give thanks because the Almighty has truly blessed us with Greater Minds.

    • I DO NOT BELIEVE I SHOULD BE FORCED TO CONTRIBUTE 2% OF EARNINGS TO SUPPORT A MAN’S WIFE/GIRL FRIEND WHO DECIDED TO STAY AT HOME TO CLEAN HIS HOUSE AND RAISE HIS CHILDREN. THAT IS MY OPINION, whether or not it is moronic, myopic or selfish…. and underlined with ‘amens.’ As I mentioned TWICE previously, I AGREED with John A that such payments should be made from the Consolidated Fund, which was purposely ignored for you to talk shiite, and the other holier than thou, know it all to say ‘amen.’ You do not know anything about me or what financial plans I made for retirement or sickness.

    • Is it difficult for mature persons to offer an opinion and at the same time respect others? We know the answer, it seems to be an enduring trait of humans, even educated ones.

    • It is a pity that many of you who comment here are ‘blessed by the Almighty with Greater Minds,’ which you only seem to use to talk shiite and criticise EVERY THING, EVERY DAY, rather than use them positively to develop a positive in society. A bunch of grumpy, old ass men, with nothing better to do in the nadir of your miserable lives, other than accentuate negativity on a daily basis.

  35. Doesn’t that calypsonian know that liars, murderers, thieves and rapist use their brain?

    Is the Brain truly the Center of Wisdom?

    Wisdom is not exactly a trait/quality found in abundance. Its more like a scarce commodity and only a few has been endowed with it. You won’t find it on stage exciting the public and you definitely won’t find it in spaces of corruption for the Universe has only graced a few with such a golden nugget

    btw.. Its high time these calypsonians find proper musical arrangements. Year after year the same slow, lazy adaptation. Been hearing this one beat since childhood. Where’s the creativity?

  36. Hey Taxman…..why you yelling in your first 1/2 but then you then become a shrinking violet as you speak about yourself. If you do not wish to contribute to the system remove yourself. You didn’t start it and it definitely won’t end with you.

  37. David, I ‘said’ I AGREE with John A that non-contributory pension should be reclassified as a ‘benefit’ and paid from the consolidated fund. What is wrong with that? But, then again the name of my attacker is synonymous with a ‘clown.’

  38. Why you calling David to fight for you. Don’t you have a sac of testicles. Pull out one a fight since you called me an attacker…oh those are fighting word boy. Don’t you see that David?

    Hopi synonymous with a clown? Vraiment?

    Let me teach you a little of the other culture…its Homie not Hopi. Get ur facks straight.

    Why are you no longer a king? You couldn’t cut the mustard?

    I hope you don’t have anything to do with writing legislation in Barbados cause you ape and hate too much.

  39. I’ll attempt to ‘get my FACTS straight,’ by teaching a little of the other culture,’ because some people are not as intelligent, well-read or even ‘blessed by the Almighty with Greater Minds,’ as they may want to believe. I suggest reading about the Pueblo Indians and the existence of a HOPI CLOWN, which may be a combination of a shaman, priest or JESTER. (In the absence of ‘bold,’ capital letters can be used to emphasise or give prominence to words). The ‘clowns’ amuse audiences through their silly antics, as childishly demonstrated at 10:43, 10:52, 10:55, 11:34 PM and 12:07 AM. But, the show isn’t OVER yet, there must be a grand finalé. I will ‘hopi and pray’ AL HIMAR makes ONE performance, instead of five or six. BACK to the substantive topic.

    • Tannis: Relook pension plans

      By Colville Mounsey
      In as many days, a second call has been made for Government to relook its current taxation models for private pension plans.
      On the heels of similar concerns raised by the General Insurance Association of Barbados (GIAB), the Barbados Private Sector Association (BPSA) is also calling for the issue of double taxation on private pension plans to be “urgently” addressed in the wake of Government’s attempt to increase the retirement age from 67 to 68 years.
      Offset challenge
      Describing the application of taxes on payments as well as incomes from private pension plans as “onerous”, chairman of the BPSA, Trisha Tannis, urged that steps be taken to offset this challenge.
      “The Prime Minister’s call for persons to explore alternative private schemes so that they are not solely reliant on the NIS [National Insurance Scheme] is a view shared by the private sector. Against this backdrop the private sector once again, and with a heightened sense of urgency, requests a return to the tax allowances for investment in private pension schemes.
      “We are also calling for a raising of the amount of the personal allowance for pensioners significantly beyond the current $45 000 to minimise the impact of the onerous double taxation impact on pensioners, particularly as the retirement age has now increased,” Tannis said.
      She pointed out that trustees of deferred benefit schemes might need to find creative ways to offset any shortfall for individuals opting for early retirement.
      “Given the announced changes, the impact on private pension schemes has to be assessed and rules adjusted accordingly, especially in the case of deferred benefit schemes.
      “Trustees of deferred contribution schemes may need to consider heavily promoting voluntary contributions to offset any reduction in NIS pension for persons under the age of 60 by January, 2024 or to compensate for persons who wish to retire prior to 68 years of age without a significant reduction in their benefits,” the BPSA chairman explained.
      In an earlier interview, president of the GIAB, Randy Graham, warned that the taxation on private
      pensions was deterring Barbadians from taking up the option.
      “When we had the situation where the contribution into a pension plan was not taxed, we saw a lot of people taking up private plans and the people who had those plans are benefiting today. So history shows us that when the environment was more conducive, much more funds were going into private pension plans,” Graham revealed then.
      Tannis disclosed that the private sector body had engaged its actuarial consultants in assessment of the challenges facing the state-run social security system.
      She said the BPSA was aware that the NIS pension reserves in the medium term would be unable to sustain and fund the needs of future Barbadian pensioners. The scheme in its current iteration is fundamentally unsustainable and the funding inadequacy is concerning, she said, noting that the business community had contributed several recommendations to remediate the projected funding deficit.
      “The Government of Barbados now also needs to consider the social safety net as more persons may turn to the state when they have less than 15 years’ worth of contributions and therefore cannot access an NIS pension, particularly if the fiscal incentives for alternative pensions are not reintroduced,” she said.

      Source: Nation

    • Petition for better pension reform of NIS

      More than 1 500 Barbadians have already put pen to paper, signing a petition aimed at pushing Government to find a different way to recapitalise the National Insurance Fund.
      Veteran attorney and politician, Lynette Eastmond, started the petition over the weekend, saying it was necessary for all citizens to be involved in how their pensions are determined.
      The petition comes after Government on July 28 tabled the Pensions (Miscellaneous Provisions Bill) and the National Insurance and Social Security (Amendment) Bill, which caused a stir in the country.
      Under the proposed changes in legislation, the retirement age would move from 67 to 68 years old, and there would also be adjustments to the length of contributions into the National Insurance Scheme for people to qualify for pensions.
      People who are 60 years old now and nearing retirement have been shielded from the changes.
      “Government has written off billions. It has refused to pursue those who owe the fund money. Please do not allow those who work so hard to pay for the excesses of the rich and the privileged. The main issue is the recapitalising of the fund. Let us find another way,” Eastmond stressed.
      Organisers of the petition yesterday sent out a voicenote explaining their actions, and also setup a link on the Internet so interested people could also add
      their signatures.
      “Raising the retirement age to receive a full pension to almost 70 is unconscionable. Can we really see policemen, sanitation workers, labourers, nurses, construction workers, firemen working to this age?” Eastmond asked.
      The attorney noted there is no principle in law that would allow you to enter into a contract where you had to make 500 contributions and just before you reach retirement you are told it is 750, an increase of 50 per cent.
      “This is unfair,” she stressed. Eastmond, who ran on a United Progressive Party (UPP) ticket in the Bridgetown constituency in 2018, and also ran in St Philip West for the Alliance Party for Progress (APP) in 2022, noted that politicians get half their salary as pension at age 50, and that was discriminatory or maybe even immoral.
      The lawyer also claimed the Government plans to make the National Insurance Fund not for the people, but for big businesses in Barbados. “This is why they are moving it away from any public sector oversight.
      “The politicians wasted our money by putting it into Four Seasons. Not a brick was laid but politicians and their private sector associates benefited from legal, economist and consultant fees from the project,” Eastmond concluded. (BA/PR)

      Source: Nation

  40. Amen, and Amen!


    When you say “Amen”, it could only mean “so let it be” as the albinos have well taught you. The very albinos you otherwise pretend to see as they really are – devils.

    You are certainly not calling on the name of AmenRa or Amenhotep or any other of the names so related. You have never shown such proclivities.

    More fundamentally, you would join with other ‘unreads’, your kef and kin, to denigrate Iweb’s song on the specious notion that it does not derive from wisdom.

    When in truth and in fact the creatives represent all the facets of philosophy. Aesthetics in Iweb’s case. For there is and never was any higher expression of wisdom that those given us by creatives.

    For your ilk, Iweb would have to be singing from the Songs of Solomon to measure up to your standards of such an artificial decency. Falsified wisdom.

    A false wisdom handed you by the Piso family of Popes for a man who cannot be shown to have ever existed. And we again challenge you to prove otherwise.

    When the substantive difference is that Iweb is a real person, doing real work, expressing an innate wisdom, a wisdom derived from experiences with the natural world. As compared with your misplaced sense of decency and ignorance, critique, which is somebody else’s cultural expression you’ve copied.

    You and yours are the unwise here, not Iweb!

    Indeed, the must unwise thing that Iweb could have done was to foreswear the fundamental rule for writers, performers, trying to find self-expression, wisdom, within somebody else’s experiences instead of his own.

    This is why people like you are so airy-fairy. Imbued with the foolishness which says that the history of mankind is somehow implanted within a few square inches of brain space and that some bossman gave you special insights.

    Or in the case of others, pretending there is no history. That all must be forgotten, and we should now sing in some halleluiah chorus.

    You have several times sought to argue against the cultural expressions which are Crop Over. You have particularly shown a disdain for the ‘wukking up’.

    Go to Kemet and investigate the spiritual dimensions of dance, wukking up, a tradition which existed long before the foolishness which is at your centre. Indeed, there’s even a place in Barbados named after that God of dance. Afrikan dance, wukking up as you are want to call it.

    Something dirty, in your demented mind, having nothing to do with spirituality as the Ancient divined.

    We would even proffer that even the real, original, Kalahari Bushmen, based on your vacancy about these matters, as click people, will have to abandon such an aged old musical way of speaking to adhere to your misplaced sense of wisdom, decency, Whiteness.

    Afrikan peoples have been so expressing themselves for hundreds of thousands of years. Even millions!

    It is this very culture which has given us, or informed, all the genres of music known to man. And at every turn there were people like you telling us that there was no wisdom in these expressions, that they were making money off ‘god’s’ music, and so on.

    Your kind would have no critique of so-called classical music, which is less than 500 years old. But the source from which it all comes, the backward like you, cannot resist trying to denigrate on the altar of blatant ignorance.

    Of course, within your warped mind Iweb could never be speaking to us using a tradition which supersedes all others.

    It is a culture which has given us the only musical instrument invented in the twentieth century – the steelpan.

    But yet, people like you, and your unread friend, would have us believe that the lived experiences of an Iweb are not properly located in wisdom when they are the ultimate expressions of wisdom.

    What utter nonsense!

    In your own inimitable style, we would expect the usual rejoinder from the margins. Like a real artist in foolishness, not at all like Iweb.

    • Pacha, you spent the whole night writing that lotta shiite?
      …in response to ‘amen???’

      Seems like Bushie spent the night in your consciousness preventing sleep and sending your brain into turmoil…. with just two words “amen and amen”…

      ..all the while Bushie sleeping sweet as shiite!!!!

      Proves that bushmen are ‘out of this world’…
      LOL ha ha ha

  41. Champion Sound in UK is

    Just a word in your ears to alleviate any concerns that you may have regarding ourselves.
    We are not any of the following: Bigots / Zealots / Fanatics / Weirdos / Homophobics / Terrorists / Misogynists / False Prophets / Criminals / Subversives / Deviants or Disciples of The Anti-Christ.
    Neither are we trying to foster a Psuedo Religious cult / A Political Party or amassing an army to overthrow the elected governments of any country.
    ‘We are just people, and we believe in justice for all the people’.

    ▶ The Shanti-Ites “Positive Vibration”

  42. @ David
    Boss, this Pension Reform Bill will be the final straw that breaks the back of Bajan brassbowlery.
    We will see how many will sign Lynette’s petition….

    BUT anytime that a cuntree would allow a group of criminals to do as they like with their life savings, and then permit THAT SAME GROUP to preside over the bankruptcy court case, determine the judgement, and impose the penalty ….ON THE ORIGINAL VICTIMS, – then we KNOW that we are working with idiots.

    AT THE VERY LEAST, all Bajans (at least those who have contributed to NIS) MUST be given a say in how this dilemma is addressed.

    If they then agree to allow the criminals to CONTINUE to run the scam, then so be it….’amen’!!!

    But for the criminals to PRESCRIBE a penalty on the victims; AND to then reinforce their ONGOING access to the savings via ‘ministerial control’ ….imposes the ultimate INSULT to the massive INJURY already done.

    …and to think that this was all planned to be executed in the three days before the victims went on their Kadooment spree…. points to A CLEAR CONSPIRACY by the politic…. ahhh criminals.

    No wonder Caswell is such an outlier…..

  43. I am prepared to bet that there are very few minorities worried about working until they reach 68/69/70. Generational wealth easily takes care of that.
    I have no problem with citizens being advised to get private pension plans.
    I look forward to being convinced vast numbers of workers can actually afford such.
    In cricketing terms: if one cannot play Lance Gibbs in full daylight; how you gine play he when the Oval is getting dark.
    As my cricketing guru used to tell me , if yuh can’t play the ball when you cud see um how you cud play um when yuh can’t see um.

    • William…after being exposed to certain studies this year and last year…i just couldn’t allow the pan african charade in Barbados to continue…it’s a horrible injustice at ALL levels…

      The impostor players in Barbados did not even know what they dont know…..their own decades old scam exposed them because they were so much in the dark themselves while convinced they could keep the population in the dark permanently…but Karma dont play those sleazy games….now i know why Pacha ignore them…it’s always best to find out these things yaself..

  44. “I am prepared to bet that there are very few minorities worried about working until they reach 68/69/70. Generational wealth easily takes care of that.”

    Bookies won’t take bets from the dark side of evil thinkers warped minds.

    The illusion of control is a psychological phenomenon that can be particularly effective among the cohort of people most likely to be problem gamblers

    informational asymmetry
    The starting point is understanding cognitive bias. Humans are irrational – we misjudge reality based on our flawed perception of it. The human brain is incapable of dealing with randomness. We’re obsessed with finding patterns in things because that prevents us from going insane. We want to make sense of things.

  45. I believe they may be some confusion by readers when I say that non contributory pensions need to cease being paid by the NIS as of January 2024.

    My point is that by definition a pensions is a monthly payment on retirement paid to an individual based on their payments into a retirement plan. How therefore can someone who has never paid a blind cent into a plan receive a pension from it?

    Now if the state wishes to continue making charitable donations to persons at 68 that is fine, but it must come from the consolidated fund as does the free bus rides to children, free education, free health care etc. You can not burden a pension fund paid into by its contributors with charitable payments or social spending. Nor can you expect to have it invest in non returning entities for politcal gain.

    The truth is the fund has been mismanaged for decades. Boards have sat back and allowed politicians to use it as the states piggy bank without resigning, with the exception of one person that i can remember.

    Unless laws are passed and demanded for by the funds shareholders, they being us the public, the fund will continue to be used as the states short fall bank. In what other country could 1 billion dollars of investors money be written off by a government without a case being heard in the law courts? This alone shows why the fund MUST be protected from political interference going forward if we are to have faith in its future.

    Remember young educated Bajans are not as gullible as their parents.

    • @John A

      You point is noted as well as Artax successive governments have never operated on the basis that the NIS is an earned benefit.

    • John A, included in NIS is a health care contribution, of which the employee and employer pays 1% and 1.50% respectively. I am at a loss as to how your suggestion that the non-contribution be reclassified and paid from the consolidated fund, deemed to be ‘selfishness.’ In other words, payment of the benefit would be simply TRANSFERRED from NIS to the consolidated fund. The original ‘terms and conditions’ applied to the payment (ceteris paribus), would NOT CHANGE. Remember, EVERYONE pays taxes…. either deducted from earnings (PAYE) or directly (VAT).

  46. @ John A
    Skippa, perhaps you should take a deep breath and reflect a bit before taking such a dogmatic position on this…

    A NATIONAL insurance scheme is actually one of the most COMMUNITY CENTRIC CONCEPTS imaginable. It is the antithesis of the endemic albino-centric philosophy that drives almost everything around us.
    Our NIS was conceptualized as a SOCIETAL safeguard for ALL of the citizens of the little shiite place – but ESPECIALLY for the marginalized.

    Pooling resources from those who were productive
    Investing those resources to enhance income
    Leveraging the pooled resources to provide additional opportunities
    Offering basic living stipends to create a BASE of reasonable living for retirees.

    The intended target beneficiaries was NEVER just the cash contributors – that is how albino-centric thinking works….
    It was ALWAYS about the community, and COMMUNITY benefits.

    At the same time that a man was working and contributing, he had a wife and family at home providing INVALUABLE support, encouragement and backup when he became ill, upset or was laid off.
    He ALSO had brothers, sisters and relatives who BECAUSE OF THE SHIITE SYSTEM WE INHERITED, were unable or unwilling to get a job and contribute formally.

    Those who OPENLY BREAK THE LAW and REFUSE to contribute (Like 90% Lawyers, doctors and such greed-mongers) should be PROSECUTED by the Law, and persecuted by the public…. but instead, we envy them.

    It is PRECISELY the conflicting albino-centric selfishness of the politicians and those who selfishly and greedily focus on THEIR OWN PERSONAL materialism that has destroyed what was a brilliant scheme.

    Of course it would be silly of Bushie to expect that such a brilliant community centric concept could survive in a world of brass bowl selfishness, but it is none the less disappointing to hear such selfish positions articulated openly by highly intelligent bloggers….

  47. “Those who OPENLY BREAK THE LAW and REFUSE to contribute (Like 90% Lawyers, doctors and such greed-mongers) should be PROSECUTED by the Law, and persecuted by the public…. but instead, we envy them.”

    You will certainly be glad to hear that IF, i say again, if, this is anything to go by, all that toxicity of pretending their lives alone matter and they should be the only people propering and progressing while everyone else suffers because clowns want to be admired and envied for their circus so much….all of it should become a thing of the past….sooner rather than later.

    Replace lawyers, doctors, teachers, ministers, pastors, drivers, pilots, and dozens of other occupations with A.I.”

    Dont worry, am actively advocating for the useless nuisance politicians to be replaced….getting ready to keep nuff noise about it too. Seeing as how much i cant stand them and their corruption or anything else following them..

  48. “Unless laws are passed and demanded for by the funds shareholders”
    It is the latter. Laws are already in place. Demanded means enforced?
    And guess what, without the Annual Reports we haven’t a clue exactly what the NIS ‘invested in’ and that investment experience. We have an idea about the taxpayer hit via CBL, but what was the NIS exposure to Four Seasonings (c Hants).
    And elsewhere. What “demanding” was done??
    We knew since June ’18 the NIS took a massive hit. Yet, we wait til now to get excited? Did we think our financial leaders had become magicians. The only magic is making funds disappear, their reappearance is rare. The money is already in someone else’s pocket.

  49. @ Bush

    In an ideal world what you say could be a consideration but regrettably our fund as it currently stands is in no position to do anything other than what its obligated to.

    We have decimated it to such a point that according to our leaders if the changes they want to make are not done, then collapse is a reality.

    I have no problem at all with social assistance, i think it is a good thing, however going forward it must come from central government and not the NIS.

    So lets look at it differently and ask if the NIS was the Sagicor Pension Plan, would the shareholders allow the board to make non contributory payments to persons? If we are to look at the NIS as a true secure pension plan then it must be run as one. Truth is decades of mismanagement is the reason we are now being asked to work to 68 and why those with 749 or less contributions will no longer qualify for pension.

  50. “In October 1937, Barbados became the first country in the world with a majority population not of white, European racial origin to grant universal pension rights to its citizens”.


    What a load of bullshit!!

    You will find the principles in the Bible of how to deal with the poor by allowing them to take what was left in the fields after the Harvest.

    In Egypt, Africa, the story of Joseph and the Pharoah’s dream which led to the Egyptians stockpiling stores of grain during the 7 years of harvest for the 7 lean years of drought is well known.

    In ancient Greece, Rome and England prior to the settlement of the New World, the principles were well known.

  51. @ Northern

    I agree with you 100% in that we dont even know if what is being proposed by the state can save the fund in the absence of audited financials. What therefore is the true state of the fund? Truth is no one knows.

    What is the market value of its real estate vs the value it is booked at?

    Do the rents being collected by the fund offer an acceptable return on the properties being rented?

    Have the losses on the remaining paper held by the fund been reflected in the net value of the paper? After all if you drop the return from 6% to 1, or extended the maturinty of the paper it has to effect its market value does it not?

    So yes even with all the changes being proposed how secure really will the fund be in the absence of audited financials bearing in mind the above?

  52. Taxman…..Good morning to you boy. Took you a whole hour to find the Hopi Clown Culture. There I was giving you the benefit of the doubt. Don’t you know its an honour to take on the role of a clown in Hopi culture? Can’t say that about the other culture where Homie is truly offensive.

  53. Bushie

    Since it’s shiite why not confront it instead of doing the expected.

    Deflection, obfuscation, with the regular psuedo-philosophy made up within your mind, as you go along.

    The limits of your imagination have imprisoned the mind to the idea that this writer will take you serious enough to allow such a brassbowl to prevent sleep.

    That this writer is within your time zone. See what a rasssoul brassbowl thou art.

    • @Enuff

      Say you are not about to throw former BLP blue eye girl under the bus. The late OSA would be so upset with YOY.

    • @Enuff
      Somebody had to make the decision ent? Lynette getting a pension btw.🤣🤣🤣
      Petty! Petty! Petty! The 30 MP’s who voted for the changes will also be receiving a pension as soon as they reach the grand old age of 50.

      Isn’t it commendable to see someone take a stand on an issue that doesn’t impact them?

  54. But cuhdear John A
    Why would we NOT aim to create an ideal society?

    Also why would you bring SAGICOR as an alternative consideration?
    This is like using Hitler as an example of why Martin Luther King was killed.

    Sagicor is one of the VERY BEST examples of what has become wrong with Barbados.
    A MUTUAL Fund, created and funded by policy-holders, and growing off the backs of ordinary Bajans for decades… up to the point where it became powerful enuff to make a POSITIVE difference to the whole society, when the albino-centrics and the Judases involved, decided to DE-mutualize it, convert the MUTUAL assets into private property – cutting out all these, on whose backs it was built, and eventually selling out to foreign capital albino interests… who now enjoy BILLIONS in profits… while our debts grow…

    May God curse that company eternally…

    (@ David, when do you plan to do an article on the salary given to the architect of this great Bajan betrayal? … that was published some months ago…? $6M plus p.a. was it not…?)

    The NIS is meant to be the DIAMETRICAL opposite to the SAGICOR travesty John A.
    Unfortunately we have put jokers in charge who are ‘Sagicor wannabes’, but they are likely to end up bankrupting the whole damn place with their antics…

    • I see what I guess was one your classmates passed. A fine fellow.

  55. @ Bush

    Yes i agree with you that the de mutualising was not the best thing, but we must be fair and admit today it is a strong pension fund, which a large percentage of companies use as their corporate pension plan. I use them only as a refernce to show the alternative to a state slush fund.

    Again i stress there is nothing wrong with state social services but they must come from the consolidated fund going forward and leave the NIS to run as a pension fund in the true sense of the word.

    • Oh hell! Another senior moment. Imagine typing “fazed” for “phased”, looking at it, thinking it looked funny and still not sure how to fix it! And I am quite a way from sixty-eight! I wonder what mistakes I would be making by then in de people workplace

      I thank my lucky stars I won’t have to find out.

  56. Bush Tea on August 6, 2023 at 9:42 AM said:
    Rate This

    @ John A
    Skippa, perhaps you should take a deep breath and reflect a bit before taking such a dogmatic position on this…

    A NATIONAL insurance scheme is actually one of the most COMMUNITY CENTRIC CONCEPTS imaginable. It is the antithesis of the endemic albino-centric philosophy that drives almost everything around us.
    Our NIS was conceptualized as a SOCIETAL safeguard for ALL of the citizens of the little shiite place – but ESPECIALLY for the marginalized.


    The issue is the poor among us of whom we have many.

    The original intention was that the needs of the poor would be taken care of through charity. The state entered as the numbers of poor increased and charity was not enough.

    The state’s altruistic actions were also motivated by self-interest as the state’s help would ensure unrest would not grow and would actually help the economy as people remained fit for work.

    But the politicians realised if it was expanded they would win votes and give them more and more power.

    So, more and more benefits were granted requiring more and more contributions …. a principle of socialism where the State takes care of all.

    Now this is an “albino-centric” principle, charity has been around throughout the ages … actually it isn’t. The Incas of Peru used it long before the ideas of Karl Marx gained traction.

    The non contributors to the state’s scheme are highlighted perpetually but suppose they cannot or do not get a paying job, stay at home mothers for example, or have decided by fair means or foul to take the responsibility to make their own arrangements for their future because they recognise everything the Government touches eventually turns to dust.

    Charity is usually but not always found in individuals who have “made it” in life and choose to help the less fortunate.

    It is the basis of philanthropy, although not always.

    Philanthropy is sometimes disguised money laundering.

  57. NorthernObserver
    on August 6, 2023 at 11:02 AM said:
    Rate This

    I see what I guess was one your classmates passed. A fine fellow.



    Lost touch after school.

    Probably won’t make his memorial service but that doesn’t mean I can’t remember him from school.

  58. Bushman……just do me a favour. I usually agree with most of your commentary but please stay away from this lonewolf’s comments because there are 2 too many churlish, childish hit dogs looking to spread rabies on this blog. One agreement and you got plebes in their feelings.

    Pacha…..why are you hollering? You got hit? Kef and Kin or Kith and Kin?
    Who denigrated Iweb’s song? Did you listen to the first line ’cause all I did was to reverse that line….Is the Brain truly the Center of Wisdom? Is it?

  59. @ Bush Tea

    As i said before i support social protection however going forward it must come from the consolidated fund. What we should look at is changing the name of the welfare department and expanding it into including non contributory persons.

    So call it say The Depatment Of Social Improvement. Peraonally i find the Wellfare Deprtmant in 2023 sounds degrading to my fellow Barbadians to begin with. It sound truly 1960s

  60. @ John A
    We are largely on the same wavelength, but you need to be careful not to get carried away with the overwhelmingly materialistic predisposition of those who judge everything by money, property and power.
    We all enjoy different talents and blessings (and curses). It is VERY risky to judge others without knowing the crosses that they may bear…
    Some non-contributors may actually be MUCH better and MORE deserving persons, than some of us who paid up our dues for 40+ years.
    A scheme that values EVERYONE as participants (and not some as pitiful welfare recipients) is therefore brilliant philosophy.
    …anyway, Bushie has no further points to make in this regard.

  61. @John A on August 6, 2023 at 11:31 AM

    I agree with you 200%. Barbados has progressed much since the days of mud floor chattel houses so government must start cutting back on the socialism and ONLY provide a basic safety net if we as a society are to progress further.

    It can be called Department of Social Care and People Empowerment and have it start by taking over the burden of all pensions both contributory and non-contributory away from NIS.

    1) Every person with zero income gets the current non-contributory of $230 per week pension.
    2) Everyone making income will get an additional $50 pension per $200 average weekly income for the last five years worked before retirement maxing out at $250 additional pension.

    Maximum pension possible from government would be $480 per week i.e. $230 non-contributory + $250 for $1000+ weekly income.

  62. @JohnA
    You used to the boss of reminding us how much Bajans love a distraction?
    Such are these non-contributory awards. They are a drop in the bucket.
    The former MoF should be in jail.
    He orchestrated the over-buying of bonds, (home grown financing) he formed and executed CBL, and then oversaw the obviously illegal act, of redirecting NIS contributions from public officers to GoB coffers.
    Obviously he was tight with the PM, in the Cabal, and was rewarded for his dastardly acts, by getting a big job at the World Bank.
    Don’t get distracted.
    Accountability for actions is required. This shit didn’t happen in a vacuum nor overnight. Until you attack the Cabal, the rest is just small, distractions.
    Force them into a corner.
    Pick your spots.
    The RH private sector could help, but after the D’s, they are gun shy, as to who comes next.

  63. @ Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved. on August 5, 2023 at 5:13 PM said:

    “Did anyone notice who stole the money from the NIS…..billions of dollars, with their criminal sidekicks of the minority……… ”

    I’m afraid that those comments have flown over the head of the majority of commentators. One of the Johns stated that the NIS funds have been MISMANAGED. This is the problem we face when commentators are happy to use euphemisms. He should have stated that the funds were looted!!!!!

    A number of commentators have stated that there are a number of unworthy poor people who do not deserve to receive such funds. Perhaps they are correct in their assertions. Miraculously they make no mention of the absurd sums of monies received by the usual minority suspects. Are they not aware that these characters have been the largest recipients from the NIS funds?

    Paragraphs and paragraphs have been written as to how the NIS can be fixed whilst it remains under the control of a group of crooks. How can that make sense. Remove the foxes if you want to safeguard the hens.

    • “largest recipients” aka welfare frauds…but fools will never see it as that….they see it as once the thieves are not from the depressed and oppressed areas, they are entitled, wont ever see them as mooching from the fund like the parasites they all are…..the damaged Slave mind..

      The cow crook got tens of millions for a Apes Hill club house and fancy pool for racists only, which were dug up and knocked down by the new owners…tens of millions burnt, down the drain, never repaid…every minister, lackie, pimp, fowl etc from both wicked governments should be in prison.

  64. @ Northern

    The unions should not now be protesting nor should anyone else. That protest and shutdown should of occured when the billion dollars of contributors money was taken and written off by government.

    In what other country could that had happened without serious objection? Could you see that happen in France for example where the people marched and objected to moving the age from 60 to 62? How about the USA or Canada? You think Biden if he had the power so to do, could go into their pension system and right off a billion dollars of the citizens contributions? No sir he would have more law suits than he could count next day, along with demands for his resignation.

    So let us now ask ourselves a few questions honestly.


    the answer is not one dam thing!!

    • @John A

      Why do we make these unrealistic comparisons to France and other countries where people advocate is a way of life?

    • This was brought to my attention days ago…i had to tell the person it will not happen under such corrupt administration…

      So who knew that the island had 80 fraud examiners that are never used…only reason i know is because the person is one..

      “Barbados should make use of it’s 80 Certified Fraud Examiners when writing the Integrity Bill . .”

  65. @ David

    Because our complacency over the years has worked against us and seeing there is no opposition, we the people need to be more outspoken and vigilant. More attention has been paid so far to Kadooment than this issue doesnt that say it all?

    The PM is a master strategist and i admire that quality in her. Drop the news before cropopver and the bajans will ignore it and worry bout the next fete. Plus the free one didnt hurt either.

    • @John A

      While your observation is valid Barbadians will not move to being more outspoken and vigilant without relevant events and triggers to influence it, could be the NIS and other issues may converge to influence a tipping point for such behavioural change – it is a process.

    • David
      Events themselves won’t trigger without people.
      And not your typical run of the mill who oppose nearly everything.
      Imagine if…..the top private sector employers announced all their NIS deductions were going into an escrow account. They would be released when the NIS filed annual reports.
      We are doing what the law requires, now it is time for the NIS?
      That is powerful. They are not refusing to remit, but remitting with a condition which is the law.

    • Excellent suggestion NO.
      This would be a viable move – if our private sector were not even more crooked than the Government is.

      When you have not paid VAT in eons and your business is not being prosecuted thanks to the ‘goodwill’ of some minister, you are NOT in a position to take any high moral ground.

      When you are the recipient of questionable contracts thanks to ‘high level assurances’, then you are highly unlikely to threaten government with lawful sanctions.

      The damn place is TOO FAR GONE for any but the most drastic revolutionary revamping…. which is coming.

    • Bushie
      This gives some in PrivSector, the opportunity to show they have nothing to hide?
      Some maybe concerned for future, bec Bim is one vindictive place.
      But sometimes you have to do what is proper, and let the cards fall where they may.
      Only the politically rabid could twist how the publishing of the required Reports is NOT in the peoples best interest.

  66. “valid Barbadians will not move to being more outspoken and vigilant without relevant events and triggers to influence to influence it”

    the secret is to influence the influencers

    BU should have some form of digital currency like stock options for employees that are worthless the could be called called budavids.
    Each comment on BU that is worthy will receive 20,000 budavids.

  67. Hants on August 6, 2023 at 5:08 PM said:
    Rate This

    West Indies won by 2 wickets (with 7 balls remaining)

    Lead the series 2-0


    Unbelievable but good to hear.

    At one stage they were 3 for 2 wickets chasing 150 odd.

    • Come on, my friend. You are misleading the forum. WI lost 2 wickets in the first over. They were 4/2 after 2 overs, and progressed to 33/3 after 4 overs.

  68. “The damn place is TOO FAR GONE for any but the most drastic revolutionary revamping…. which is coming.”

    Not a lot of choice left, look at the damage done, while weak minds sit around pretending it’s all normal and natural…in no hurry to end the evil…still promoting the vilest of criminals posing as leaders…., refusing to call out the dangerous, thieves, liars and impostors still poised to deliver more corruption, shame and embarrassment….along with injustice after injustice aimed directly at the population….the equally dangerous enablers..who can aways tell you how things cannot be changed, never how they can.

    Good thing no one but those who think just like them…going nowhere…is waiting for them to make decisions to save them…they are on their own reveling in folly.

  69. Bushman…nearly as bad as the NIS scandalous disaster..only because they int get to RoB nuhbody..except those who foolishly invested their money in that still illegal shitshow…….sources disclose they are failing MISERABLY in the medical marijuana fraud they created..people are running away from them…claiming too much confusion…the only thing ya get from scammers.

  70. Atrax we are both right!!

    At the stage I entered and turned back it was 2 down for 3 runs!!

    Fall of wickets: 1-0 (Brandon King, 0.1 ov), 2-2 (Johnson Charles, 0.4 ov), 3-32 (Kyle Mayers, 3.4 ov), 4-89 (Rovman Powell, 9.5 ov), 5-126 (Nicholas Pooran, 13.6 ov), 6-128 (Romario Shepherd, 15.1 ov), 7-128 (Jason Holder, 15.4 ov), 8-129 (Shimron Hetmyer, 15.6 ov) •

    • Yes, John. I re-read your comment, which I erroneously thought you meant WI was 2 runs for 3 wickets, when I first read it. Appologies to you.

  71. Pacha …seems some states already started….just a matter of time now..

    “The current reaction comes after media pointed out states using AI to set bail and distribute welfare benefits.”

  72. John
    I have need of your expertise. What can you tell me about a slaveowner of Barbados … William Lynch. I am trying to research if he was real.

  73. Pacha…gotta give them the 2 years they were unable to use the Spring Garden route…but damn, you have the 50 year old template so how did they manage to screw up the timing….cant speak for blue box cart and the christian band but we got there about 2:30 and did not see the first band until after 4pm..and then only 2 or 3…someone messed up…the bands will be coming down well into the night…late…

    But they had a very large, colorful and diverse crowd all along the highway.

  74. Old Geezer on August 7, 2023 at 4:49 PM said:
    Rate This

    I have need of your expertise. What can you tell me about a slaveowner of Barbados … William Lynch. I am trying to research if he was real.


    What year???

    if 1817 to 1834, search this site.

    Alternatively, you can check this site and you will get access to whatever burials, marriages or baptisms that are recorded the parochial registers.

    Most Quakers won’t be recorded.

    No William Lynches before 1700.

  75. “The Congress takes issue with the fact that the government, as the custodian of the assets of the people of Barbados, would allow companies and individuals to run up debts to the NIS. This is nothing short of severe dereliction of duty and makes a mockery of the governance model,” De Peiza stated.

    “For the government to engage in the practice of writing off debts owed to the NIS, along with VAT [Value Add Tax] payments due to the Barbados Revenue Authority, is to allow the society to sink deeper into a morass of decadence.

    “This brings into question whether the government is really living up to the boast of transparency when it resorts to a policy of writing off monies owed to the state, and where those who fail to keep their commitment and obligations to the state as guided by law, remain the beneficiaries,” he stressed.

    The union leader questioned the extent to which those written-off funds could have been invested as a means of lessening the severity of the intended measures to the National Insurance Scheme.

    “It would seem that the government has turned a blind eye to safeguarding the interest of the next generation of workers, by ensuring that they cannot benefit significantly from a pension in their senior years. It would also appear that the government is more preoccupied with satisfying its main interest of correcting its actions which have threatened the stability of the Fund,” De Peiza suggested.”

  76. Ther was a William Fracis Lynch who owned a few slaves in 1832,

    He was an FM, Free Mulatto!!!!!!!!!!!

    Could be an ancestor of Chally Jones or Sir Douglas Lynch.

      Keeping eye on NIS

      A NUMBER OF CONCERNS have been raised publicly since Minister of Labour, Social Security and the Third Sector, Colin Jordan delivered a ministerial statement on the Revitalisation of the National Insurance Scheme (NIS) in the House of Assembly on July 28.
      A lot of the focus by some worried Barbadians is the eventual increase of the NIS pensionable age to 68, and the increase in the number of contributions required to become eligible for pension from 500 weeks to 750 weeks.
      The private sector, including the insurance industry, has raised concerns including that the plans for reform of the NIS do not appear to take into account the issues facing private pension plans, including the double taxation impacting private pensions.
      In 2015, the Freundel Stuart administration removed tax allowances for retirement savings for Barbadians, a policy which the Mia Amor Mottley administration has maintained despite persistent lobbying from pensions industry stakeholders.
      All of the above concerns are important and worthy of discussion, but there is another issue which has major implications for the NIS, especially the National Insurance Fund (NIF), beyond the proposals which Jordan announced. These relate to the investments made by the NIF, including the need for consistent and transparent investment policies by the country’s social security scheme, and the NIS’ failure to produce audited financial reports.
      It is no secret that the NIS suffered in excess of $1 billion in losses as a result of the 2018 domestic debt restructuring. Even before then, actuarial experts and ordinary Barbadians had raised their voices in objection to the NIS being so heavily invested in Government’s financial instruments, and also
      being used to fund major infrastructure projects in the public and private sectors.
      Jordan said in his ministerial statement that the NIF was strong with assets of approximately $4 billion with average yields on investments of 4.3 per cent. The minister said that even though the NIF is not in crisis now, there was a date with destiny between 2034 and 2041, meaning there was the risk of depletion without reform.
      Barbadian employers and employees have a role to play in helping to fix the NIS, but Government also has a responsibility to ensure that the NIS’ funds are being invested and spent responsibly. The fact that the last actuarial review is for the period ended December 31, 2020, also means that there is not a full picture of the current financial standing of the NIS and its funds. This is compounded by the failure to produce audited financial statements. Under its economic reform programme and arrangement with the International Monetary Fund, Government has committed to submitting NIS financial statements for the period 2010 to 2021 for audit by the Auditor General by March next year.
      The fact that the country has been in the dark about the NIS’ full financial position for so long is unacceptable.
      So, while a lot of emphasis seems to be on the role the Barbados workforce has to play in NIS reform, Government needs to demonstrate that it too is taking real action, including as it relates to NIS investment transparency and its financial accountability.
      The fact that the last actuarial review is for the period ended December 31, 2020, also means that there is not a full picture of the current financial standing of the NIS and its funds.

      Source: Nation

    • Getting serious about our lifeline

      IT IS FORTUITOUS that the world will celebrate International Youth Day this Saturday, as we in Barbados are considering reforms to the National Insurance Scheme (NIS), with a view to, hopefully, stabilising the Fund, thereby safeguarding the future of the social security net for Barbadian young people.
      It is obvious that the NIS cannot continue on the present track, without any change. As highlighted in the 17th actuarial review, on the present course, in the mid to late 2030s, the Fund is likely to be depleted, meaning that contributions to the Scheme would have to be increased exponentially to cover the payment of benefits. Simply put, if the Fund is depleted, a person in 2040 could have to pay a contribution rate of as much as 30 per cent, which would be disastrous for the level of disposable income in the economy and unsustainable. Undoubtedly, such a situation must be avoided.
      Viewed in this light, an incremental increase (over ten years) in the pensionable age by one year only, together with the other measures, seem entirely reasonable and proportionate.
      What is clear from the various reports is that the NIS is battling, first and foremost, a demographic ticking time bomb. It is obviously not sustainable for there to be more persons dying in Barbados than are being born annually, as has been happening for the last few years. Already, the number of contributors has fallen in the last 15 years, while at the same time, the number of beneficiaries (pensioners) has increased (at a faster rate). This is compounded by the significant lack of contributions from the informal sector.
      But why is it necessary for these reforms to take place at all? In other words, why must we seek to save the NIS, and thus our social security net? The stated aim of the reforms is to keep “benefits adequate, contributions affordable and the Fund sustainable”.
      Pressing concern
      Ensuring that the level of benefits being disbursed remains adequate is a pressing concern. In 2019, several international media houses picked up an extraordinary story from Japan about an increasing proportion of petty crimes (mostly shoplifting) being committed by elderly persons. As it turned out, it appeared that these elderly individuals were only seeking to get temporary shelter and free food, because of the inadequacy of their
      pension, and so committed crime in order to be incarcerated for a while.
      At the same time, it was also reported, that according to Japanese government data, as more and more people prolong their working life because of the inadequate pension, some 12 per cent of the workforce in 2019 was over the age of 65.
      The seeming inadequacy of these pensions should be compared to Barbados, which, according to the 17th actuarial review, has a high minimum pension relative to wages. This is because our minimum pension guarantee (to promote financial dignity in old age) “bumps up” the pension of those who would otherwise fall below the threshold, based on the value of their contributions alone. Such an intervention, however, must be financed and it becomes more difficult to do so from a shrinking contributor base.
      Our Scandinavian counterparts – with whom we share a strong commitment to social democracy – are also now walking this road. In Norway, a government committee appointed to review pension arrangements has recommended an increase in the retirement age to as much as 70 years old.
      Norway’s life expectancy is only approximately three to four years more than Barbados’.
      Before the advent of a limited (means-tested) pension scheme in Barbados in 1938, poor people were forced to rely on the charity of relatives and, in default, on the limited poor relief efforts of the parishes and the church. Such an ad-hoc system did not promote dignity in old age.
      The significant advances since 1938, in particular the establishment of the NIS, are worthy of being jealously guarded and earnestly protected. Now is not the time to be distracted by political attempts to exploit a serious situation. The NIS is our lifeline . . . and we must save it.

      Khaleel Kothdiwala is a law student with a passion for civic engagement and an interest in the enfranchisement of young people. Email:

  77. Brought to my attention last night that a Nationnews article was written by the NIS, VAT and Treasury write off artist of thefts…that your savings accounts are needed for pilfering…guess they are trying to cover up the aforementioned ….RoB on the job again..

    I asked but did not get an electronic version of the article…

  78. Am sure the Slave-minded wont mind being RoB-ed for the cause…since they enabled all of it and still refuse to call it thefts, lies, fraud…..

    …everyone else does though….renowned thieves setting policies for more thefts does not sit well…it’s nonprogressive and nondevelopmental.

  79. “Under its economic reform programme and arrangement with the International Monetary Fund, Government has committed to submitting NIS financial statements for the period 2010 to 2021 for audit by the Auditor General by March next year.”

    This is the date by which a new entity must be up and operational, to avoid sending anything to the AudGen.

    If the BTMI is any example, anything issued will be “unqualified”, meaning auditors have deemed the information incomplete, and hence cannot ‘qualify’ (have any minimum level of confidence in) their report.

    BUT, the editor who penned for the Nation needs to also know, what the Act governing the NIS says.

    33.(1) The Board shall
    (a) in each year prepare a report on its activities in its last preceding year and shall furnish such report to the Minister no later than the thirtieth day of June

    (b) submit to the Minister every account, certified by the Auditor-General pursuant to Section 30, together with the report of the Auditor-General thereon, within one month of certification; and

    (c) submit annually to the Minister an account of the securities in which moneys forming part of the Fund are for the time being invested

    (2) The Minister shall cause a copy of every report of account submitted to him pursuant to the Section to be laid on the table before both Houses.

    Hence, there has never been any reason why audited (or otherwise) financials have delayed (a) and (c), albeit, without detailed specificity, the investments of the NIS funds have appeared on their website(s) from time to time (as reported by the NIS)

    The Editor needs to contact those various Board Chairs from 2006 on, and seek explanation on 33(a). Did they submit such to the Minister? If they did not, why not? And if they did, we now have a legal issue (failure to comply with the Act) as to why such reports were not ‘laid on the table before both Houses’ by the Minister receiving them.

  80. To aid the editor here are the Chairs

    Sir Richard Cheltenham, Q.C.: 2005 to 2008
    Mr. Jepter Ince: 2008 to 2009
    Ms. Sandra Forde: 2009 to 2010
    Mr. Keith “Tony” Marshall: 2010 to 2011
    Dr. Justin Robinson: 2011 to 2018
    Mr. Ian Gooding-Edghill, M.P.: 2018 to 2020
    Mr. Leslie Haynes, Q.C.: 2020 to Present

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