Parametric Reform News Today

PENSION REFORM is on the list of critical issues to be addressed by the Ralph Gonsalves administration if the National Insurance Services (NIS) is to be sustainable over the long-term. These comments were expressed by the Prime Minister during an interview with SEARCHLIGHT yesterday, Thursday October 6 on the Parametric Reform which he admits presents challenges for some Vincentians heading into retirement. He said it is unfortunate that some of …

By Christina Smith What was expected to be a comfortable and relaxing retirement period has turned into worry and frustration for a former employee of the St Vincent Electricity Services Limited (VINLEC). Winston Boyea, age 61, worked for 35 years at VINLEC as an Operator, after which he claims he was “forced to retire” when he reached his 60th birthday on May 16, 2021. The move has resulted in Boyea …