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    May 31

  • 05:02 PM

Enough funds to pay claims

RACHELLE AGARD, rachelleagard@nationnews.com

Added 06 April 2020

nis-funds-april-6

Security officers taking the unemployment green slips at the NIS last week. (Picture by Reco Moore.)

CHAIRMAN of the board of the National Insurance Scheme (NIS) Ian Gooding-Edghill has once again assured Barbadians that their unemployment claims will be paid.

He was speaking on Starcom Network’s Brass Tacks Sunday call-in programme on April 5, where it was revealed that between March 23 and 27 alone, the NIS received 3 602 unemployment claims. 

“The National Insurance manages a range of funds including the Unemployment Fund, the National Insurance Fund and the Severance Fund. We have in excess of $4 billion in investments. I would like to assure you that the funds will be available,” he said. 

Gooding-Edghill also noted that Governmentwas prepared to recapitalise the Unemployment Fund as stated by Prime Minister Mia Amor Mottley during her address in Parliament in the event of any shortfall. (RA)

 

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