False security - Barbados Today
Retired actuary Charles Herbert has raised an alarm over the major decline in the number of people contributing to the National Insurance (NIS), as he questioned Government’s rationale for continuing to pay non-contributory pensions.“I don’t really understand the room for non-contributory pension. That doesn’t seem to be accountable to the public,” he said on Tuesday night during an Institute of Chartered Account of Barbados (ICAB) webinar on Our NIS - The Way Forward.The latest review of the NIS showed that the number of employees plus self-employed contributors to the scheme had fa...