Monday, March 18, 2024

Capture those not paying!

Date:

Share post:

Target the handymen, vendors, attorneys and doctors who currently do not contribute to the National Insurance Scheme (NIS).

And while you’re at it, do more to ensure Government officials cannot use the fund at their will.

Those were some of the recommendations put forward by actuary Derek Osborne and the public during a robust town hall meeting last night at Combermere School’s Major Moot Hall, in Waterford, St Michael.

NIS chairman Leslie Haynes, his deputy Rawdon Adams and director Kim Tudor were also present.

During his presentation, Osborne stressed that the NIS was unsustainable because it was still designed as when it began over 55 years ago.

He suggested therefore that a larger economy and better governance were some of the ways to prevent a collapse.  (TG)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

PM announces 15 strategies to grow economy

15 Strategies to grow the economy as announced by Prime Minister Mia Amor Mottley in the 2024/25 Financial...

PM: Barbados’ economy on the right track

Prime Minister Mia Amor Mottley says the Barbados economy is on the right trajectory. Delivering the 2024/25 Financial Statement...

Road fatality on East Coast Road

Police are on the scene of a road fatality that occurred on East Coast Road, St. Andrew about...

No new taxes

There will be no new taxes in the 2024/25 Financial Statement and Budgetary Proposals. That was one of the...