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While this blog highlights the NIS fund, the burgeoning pension liability of government for the public service, both central government and SOEs adds to the problems a future generation will have to wrestle.
This is the belief of Dr David Estwick, the former Minister of Economic Affairs, who was speaking during the Democratic Labour Party’s St Peter branch meeting at Mile-And-A-Quarter on Sunday. The topic of discussion was A Crisis Within A Crisis – The Risk of Pensions in Barbados. Estwick raised the alarm over the country’s future retirement prospects, highlighting the worsening dependency ratio and the unpreparedness of both the Government and …
DLP LEADER DISMISSES TALK OF RESIGNATIONS; GENERAL SECRETARY DENIES ‘WALKING AWAY’ FROM PARTY By Emmanuel Joseph A meeting of the General Council of the Democratic Labour Party (DLP) reportedly came to a disorderly end on Wednesday night as party hierarchy discussed possible disciplinary action against a member. Subsequent reports suggested that General Secretary Steve Blackett had resigned from the 68-year-old political organisation and