While it is still owed more than half a billion dollars, the National Insurance Fund (NIF) is safe and secure.
That assurance came from Minister of Labour, Social Security and Human Resource Development Senator Dr Esther Byer Suckoo, who spoke yesterday at a press conference, where the 15th Actuarial Review of the NIF, Unemployment Fund and Severance Fund of Barbados was revealed.
Byer Suckoo maintained that the NIF was neither cash-strapped nor under threat based on the report which covered the years 2012, 2013 and 2014.
She said the sustainability of the NIF was tied into Barbados’ economic growth and once the country’s economy kept on a path of sustainable growth the fund would be stable. (RB)
Please read the full story in today’s Saturday Sun, or in the eNATION edition.