Winston Boyea News Today

The National Insurance Services (NIS) has recognized the challenges being faced by non-pensionable workers in St. Vincent and the Grenadines (SVG), and a call is being made to employers to make policy changes to assist this group. Under the parametric reform system implemented on January 1, 2014 the normal pension age was gradually increased from 60 to 65, over a 15-year period. An employee’s date of birth determined their pensionable …

We are told by the experts that the actuarial health of the National Insurance Services (NIS) will decline if the pensionable age is not pushed up to 65. This may be so, for a host of reasons – persons are living longer, workforce expansion is not as robust as required, investment returns for risk are not fantastic. We read in SEARCHLIGHT two weeks ago, about the woes of Winston Boyea …

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 …