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Barbadians and other Caribbean nationals could face having to pay higher pension contributions and receive reduced pension if drastic reforms are not urgently implemented to the region’s national security schemes to solve the issue of an ageing population and lower birth rates.This was one of the observations coming out of the Caribbean Economic Forum on Thursday evening, hosted by the Central Bank of Barbados on the topic “Solving the Ageing Population Crisis in the Caribbean”.Derek Osborne, Partner and Senior Actuary at LifeWorks in the Bahamas, said while some countries such as Barbados and St Lucia have already taken steps to reform their pension schemes, the region was already generally facing a pension scheme crisis. ....