The following important comment was posted by Actuary and Talk Show host Walter Blackman to respond to a comment raised on the blog 60 Love Can Lose – Blogmaster Pensions have surfaced as an extremely important issue at this stage of our national development, so I want to commend you for bringing this pension-related matter to the attention of BU readers.
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The Pratt and Morgan case established legal precedent with a time guideline a convicted person can be kept on ‘death row’. The 1993 judgement handed down by the Privy Council determined that if the state for any reason was unable to carry out the death sentence within a five year period, it was deemed cruel and inhumane punishment to the
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We continue our focus on elder abuse in Barbados – Blogmaster Submitted by Cheurfleur Pensions are paid to old people from the NIS Fund which is financed by contributions from the employed. That group of able persons ages 18 to 60, originally, i.e 42 years by 52 weeks plus plus 7 years by 52 weeks, i.e 67 years now. With
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The blogmaster found the comment posted by Critical Analyzer interesting even if provocative. What we can agree is that pension form in the public service- including for members of parliament – must be given a priority. The issue is compounded with the state of the National Insurance Fund that we are left to speculate. Pension Reform as the world tries
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Barbados Underground has been exhaustive in its prosecution of the mismanagement of the National Insurance Scheme (NIS). Government after government has mismanaged the Scheme. The issues range from faulty governance practices, late production and availability of actuarial reports, updated certified audited financial statements, appointment of incompetent individuals to the board, questionable IT decisions, questionable investment decisions… As usual, taxpayers are
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The following was posted as a comment by Walter Blackman to the Walter Blackman’s Political Insights blog – David, Blogmaster Based on the link to the NIS investments, provided by NorthernObserver, all BU readers can now sing from the same Hymn sheet – see link https://www.nis.gov.bb/investments-2/ Here are the facts, and the questions to be asked: The unemployment Fund is broke.
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The BU Intelligentsia is a talented crew. If there is doubt the following Ode was posted to the Walter Blackman’s Political Insights blog by the man from the Great White North. “The time has come”, the Walter said,‘to talk of many things’Of NIS, and severance and quivering rearsOf politics and of stingsAnd why the ? LP’s always ruleAnd whether touts can
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Mia Mottley exerted her prerogative as prime minister in the system of government we practice by making a few changes to her Cabinet last month. Two of the changes included the promotion of two chairmen of statutory boards Senator Lisa Cummins and Ian Gooding-Edghill. Both individuals have distinguished themselves as competent, hard workers with a capacity and resolve to get
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… Kevin Greenidge, explained that the “win-win” 18-month programme is designed to repurpose government’s expenditure, in an effort to push capital programmes that do not directly relate to tourism; for example, road works, the Barbados Water Authority’s vineyard project, the refurbishment of schools and the digitization of the public sector… Source: BGIS The government launched the Barbados Optional Savings Scheme
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Discussion on the blog Donville Inniss Case Points to Endemic Corruption in Barbados after reviewing the 2018 financials of BF&M – parent company of ICBL – revealed there is a company called Insurance Corporation of Barbados Limited Limited/National Insurance Board Joint Venture (“ICBLJV”). Barbadians have been concerned in recent years the ease with which politicians commit NIS resources to questionable projects.
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Well done to our Pan American games athletes. Many gave impressive performances and qualified for the final of their events. They have demonstrated that they are internationally competitive. To improve their training and attend other competitions, our athletes need funds. So, how can we support them? One method is for the public to invest in the development of our athletes.
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Many issues of the day continue to question our ability to govern. One of them is the health of the National Insurance Fund (NIF). If you listen to the politician while in Opposition, it is a fund under stress. If you listen to the same politician on attaining the office of government, the NIF is described in more positive terms.
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The following (with minor edit) is a comment posted by Walter Blackman to BU blog Whimpering Opposition. – David, blogmaster David April 27, 2019 8:48 AM “First thing this morning and we are off to the races attacking people instead of debating the real issues?” David, Through the vehicle of BU, you are getting a very deep insight into the
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Some soldiers are so terrified of the horrors of war, that they intentionally harm themselves so that they can be transported away from the battlefield and receive priority medical treatment. I am very sympathetic to soldiers who have been prematurely deployed to the battlefield. A properly trained soldier has accepted the responsibility of defending citizens, which may require the ultimate
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Ten years have elapsed since the 2008 global financial meltdown left Barbados exposed for the open economy we have been taught it is in primary school. Across the Caribbean our little economies find themselves in the same boat with high debt to GDP and rotting infrastructures, rising corruption and a dearth of leadership. Barbados WAS considered the gem of the
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Walter Blackman is an Actuary and responded to the following comment by the blogmaster as under. It may seem a trivial observation to make but make it the blogmaster must. How did Jepter Ince qualify to be appointed Chairman of the NIS? David October 5, 2018 12:53 PM “Thanks for lending your expertise to this matter Walter. Have you
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The following comments by Northern Observer were extracted from the NIS.Government Paper for Trash blog. Comment 1 October 1, 2018 1:25 AM WHO is on the NIS Board? WHO replaces Carrington as head executive? I rarely agree with T.Inniss, but what claims to Chairmanship or leadership of a body as complex and important as the NIS does Mr. G-E have? Being
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The blogmaster thought it timely to highlight one of several NIS blogs in a COVID environment for obvious reasons. After many years of calling for certified audited financials spanning different governments we are none the wiser – David, blogmaster Is it irrational for citizens of Barbados to lend their accumulated savings , gratuities and separation packages to the GoB? Based
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Barbados Underground 