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It is estimated that in the next 28 years about half of Barbados’ population will be over the age of 65, and one development management specialist is warning that this could be devastating for the economy and its pension scheme. Also worrying she said, is the fact that non communicable diseases could potentially remove people from among the workforce earlier than anticipated.Diane Quarless, Director at the Economic Commission for Latin America and the Caribbean (ECLAC), said it was critical for government to put measures in place to ensure its national insurance scheme will be able to meet the demands at that time, as contributions are expected to dip.Quarless is also urging Barbados and other regional economies to pay closer attention to the health of their population if they are requiring them to retire at a later age.“If we are talking about extending working life – and I think Barbados is at the highest at about age 67, and more and more of the countries are moving up from 60

United statesTrinidad and tobagoDerek osborneDiane quarlessKark theodoreCentre for health economicsCentral bankCaribbean economic forumEconomic commission for latin americaWorld health organisationEconomic commissionLatin americaAgeing population crisisSenior actuaryProfessor emeritus kark theodoreSenior consultant advisor