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Sir Roy wants BRA to clarify ‘two child’ policy

Sir Roy wants BRA to clarify ‘two child’ policy

Independent Senator Sir Roy Trotman Wednesday raised alarm over a new “two child” policy, which he said he hoped was implemented by the Barbados Revenue Authority (BRA) in error. Speaking in Senate Wednesday during debate on the National Insurance and Social Security (Amendment), Bill 2017, Sir Roy said he had been informed that BRA was  […]

NIS threat

NIS threat

A week after Minister of Finance Chris Sinckler assured Barbadians that the National Insurance Scheme (NIS) was safe, Minister of Labour Dr Esther Byer-Suckoo is raising doubt about its viability. Speaking in the Senate Wednesday morning during debate on the National Insurance and Social Security Amendment Bill, Byer-Suckoo said the country’s ageing population and falling […]

Interest waiver approved

Interest waiver approved

The Lower House of Parliament Tuesday night passed a Bill granting self-employed persons and businesses a waiver of interest on arrears owed to the National Insurance Scheme (NIS) between October 1 last year and March 1, 2017. However, the waiver will only be granted to those whose arrears of contributions are paid in full on […]

Sinckler: NIS safe

Sinckler: NIS safe

Barbadians are being assured that the National Insurance Scheme (NIS) remains viable, with assets of approximately $4.7 billion up to the end of last year. Armed with statistics, a fiery Minister of Finance Chris Sinckler Tuesday morning sought to debunk any notion that the fund was in danger of being depleted, pointing out that it […]

Single mothers at a disadvantage – Strickland

Single mothers at a disadvantage – Strickland

A retired National Insurance Scheme (NIS) officer has charged that unemployed single mothers are being disadvantaged by some of the government agency’s regulations, and not receiving benefits he believes they should be entitled to. Stephen Strickland made the allegation late last week as he delivered the Democratic Labour Party’s (DLP) lunchtime lecture at the George […]

Byer-Suckoo: Stop taking unemployment for granted

Byer-Suckoo: Stop taking unemployment for granted

Minister of Labour Dr Esther Byer-Suckoo is proposing that unemployed individuals who refuse job placement of counselling from the National Employment Bureau (NEB) should have their unemployment benefits discontinued. Under a revamped NEB, those who lose their jobs are required to visit the National Insurance Scheme (NIS) to have their book stamped then taken to […]

NIS scare

NIS scare

The National Insurance Scheme (NIS) could face serious financial problems and challenges to meet pension payments by the year 2067 – or even earlier – if the current trend of an ageing population continues, Minister of Social Security Dr Esther Byer-Suckoo Friday revealed. The minister made the disclosure to Barbados TODAY even as she sought to […]

BLP demands answers on state of NIS

BLP demands answers on state of NIS

The Opposition Barbados Labour Party (BLP) is demanding to know the true state of this island’s National Insurance Scheme (NIS) in the wake of concerns raised by the International Monetary Fund (IMF) last year that it could become insolvent. “The people of Barbados need to know whether their hard earned contributions to the NIS will […]

NIS stable

NIS stable

Barbadians are being assured there is no need to worry about the stability of the National Insurance Scheme (NIS). Minister of Labour and Social Security Senator Dr Esther Byer-Suckoo said the social security programme would not come under pressure due to Government’s deteriorating financial position, which has led to the scheme’s increased investment in Government […]

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