October 3, 2022

Caribbean Broadcasting Corporation

The most credible news source in Barbados

Protection of most vulnerable a priority

August 13th, 2022

An increase in the pensionable age for the National Insurance Scheme is among changes being considered for Barbadians.

The disclosure from Actuary with the National Insurance Board, Derek Osborne at a press conference today. Also attending were Deputy Chairman Rawdon Adams and Chief Executive Officer Kim Tudor.

Mr. Osborne says a revitalised NIS system should provide benefits that meet the needs of Barbadians through contributions employers and workers can afford.

He insists protection of the most vulnerable will be a priority in any changes to the National Insurance Scheme.

The Actuary told the media after fifty-five years, all existing benefits will be reviewed, ensuring those who are to benefit receive their fair share.

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