Tag Archives: NIS Scheme

National Insurance Fund in Critical Condition

After the dust settled yesterday evening at the Lloyd Erskine Sandiford Sandiford Centre (LESC) Prime Minister Mia Mottley confirmed in flowery language what some in this medium and elsewhere have been alerting the public. The National Insurance Fund (NIF) on its current trajectory will be unable to honour its obligations to persons eligible for benefits from as early as 2034

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Honouring Laws in the Breach

Ryan Straughn

Yesterday the blogmaster allocated some time to listen to Minister Ryan Straughn’s (opening 40 minutes of the video posted) moving the second reading of the Amendment to Financial Service Commission (Amendment) Bill 2022. The purpose of the amendment was to validate a fee regime to support the Financial Services Commission (FSC) being financially self sufficient. The other reason was to

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A Campaign Rehash of Nothingness

politics

The blogmaster with the benefit of technology listened to a few of the political meetings from the different political parties and with 7 days left to V-Day- he has a confession to make. Given the current crisis state of the socioeconomic landscape of Barbados, if ever there was a time for sensible Barbadians to make voices heard, the time is

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National Insurance Scheme Lends Transport Board 3.577 Million Dollars

Submitted by Anthony Davis “DISMISSED TRANSPORT BOARD WORKERS are getting every cent of their long overdue severance pay, thanks to Minister of Finance Chris Sinckler. Very reliable sources have revealed that the cash-strapped statutory corporation that provides island wide public transport services had, through the Ministry of Transport and Works (MTW), sought the assistance of the National Insurance Scheme (NIS)

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NIS Pension Looms Large

The presentation maybe of interest if we consider the importance of the NIS Scheme’s contribution  to supplementing retirement income.  BU continues to be optimistic that full transparency will engulf the management of the fund to ensure that one day coming soon the audited financials of the NIS Scheme will be made public to encourage the rigour of public scrutiny. It

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