Trade unions and staff associations across Barbados are now seeking to garner feedback from their members regarding what they think about the Barbados Optional Savings Scheme (BOSS).
The four-year bond offer was rolled out on Thursday by senior economic advisor Dr Kevin Greenidge and allows members of the Public Service and employees of the state to determine if they want to defer part of their monthly wages as an investment in the instruments, which could earn them five per cent interest per annum should they sign up.
President of the National Union of Public Workers (NUPW), Akanni McDowall, said on May 29 the union would be moving with alacrity to hear what its members have to say.
“We will meet with national council later today (May 29) and then I expect to hear from our shop stewards tomorrow (May 30) so we have a complete idea about how our constituents feel about the initiative,” McDowall said. (BA)
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