FDCP pays tribute to film icons
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FDCP s Parangal ng Sining to honor Philippines cinema icons, pioneers
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Efforts to calm Barbadians’ fears about the National Insurance Scheme (NIS) have not been too convincing, when one breaks down the financial troubles facing the 55-year-old social security scheme.Ordinary citizens who have been working and diligently paying their NIS contributions over their working life and are expecting reasonable benefits from those contributions in another ten to 15 years, can see nothing but crisis before them.There may not be a “house on fire” crisis in the well-appointed and maintained headquarters of the NIS at Culloden Road, St Michael, but there is a crisis of confidence and deep fear about the future.Actuaries are certainly not “a dime a dozen”, they are in a very exclusive club of professionals, whose expertise is highly sought after by sovereigns and corporates. And so, if the NIS consultant actuary warns us that the coffers of the NIS could be empty in another 12 years on its current trajectory – that spells trouble.