Barbados News

Advisor explains what happens if opting out of BOSS

Senior Technical Advisor to Government, Dr. Kevin Greenidge, has been explaining what would happen if all public servants opt out of the Barbados Optional Savings Scheme.

Dr. Greenidge says if an employee chooses to receive all his or her salary in cash, government will still issue a bond for the amount it was targeting.

That bond will then be sold by the Central Bank and the employee will receive his or her cash.

Dr. Greenidge says as a result, Government will still get the fiscal space it needs. 

Senior Technical Advisor to Government, Dr. Kevin Greenidge

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