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Mr. Speaker, the 17th Actuarial Review of the National Insurance Fund, the Unemployment Fund and Severance Fund as of December 31, 2020 was laid in this Honourable House on August 9, 2022. I should remind Members that the National Insurance Scheme manages these three funds along with the Catastrophe Fund and the Sugar Workers’ Provident…
Minister of Labour, Social Security and the Third Sector, Colin Jordan. (FP) Ministerial Statement on the revitalisation of the National Insurance Scheme by ...
It seems First Caribbean just suffered a brain drain, with George Thomas, Lee-Anne O'Selmo and Rik Parkhill now in strategic posts of the neobank Sagicor Bank…
After extensive consultations and suggestions from expert groups and individual Barbadians, Government will soon be presented with recommendations to reform the National Insurance Scheme (NIS). Deputy chairman of the NIS Rawdon Adams, who is heading a group of experts advising on the changes, declined to state what measures were in the document which is being drafted because he did not want to “prejudice the result of that”. He gave the …
Barbadians want greater oversight into the affairs of the National Insurance Scheme (NIS) along with less political interference in its operations.This was the view expressed by some citizens who attended Thursday’s NIS Town Hall Meeting at the Princess Margaret School in St Philip.Barbadian Anthony Barrow took to the floor and expressed his concern at the way current and previous governments used the scheme’s savings for capital projects and other ventures which ran counter to the purpose of the scheme.He suggested that tighter control mechanisms should be implemented going forward.“How...