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Glover-Rolle assures workers will not be disenfranchised by NIB rise

LABOUR AND PUBLIC SERVICE MINISTER PIA GLOVER-ROLLE.

LABOUR AND PUBLIC SERVICE MINISTER PIA GLOVER-ROLLE.

By Rashad Rolle

Tribune News Editor

rrolle@tribunemedia.net

LABOUR and Public Services Minister Pia Glover-Rolle said her ministry would ensure workers are not disenfranchised when National Insurance Board contributions increase later this year.

She noted the government is concerned about casual workers at the Grand Bahama Shipyard, people who lack the benefits and security that permanent workers enjoy. She also noted that some business leaders have said they will rely on more part-time workers when NIB rates increase.

“We are going to do all we can from a department of labour perspective, from a legal and legislative perspective to ensure that workers aren’t disenfranchised no matter what happens,” she said yesterday. “That’s what’s a priority for us.”

 Bahamas Public Services Union president Kimsley Ferguson said while the government increased the minimum wage, people must now tap into that increase to pay the new NIB rate.

 “It doesn’t assist our members in combatting the cost of living, which is leaving salaries behind by leaps and bounds,” he said, adding: “We believe there should be consultation even before the hike so that some futuristic consideration could be given to bringing relief to persons at the lower end of the scale.”

 Prime Minister Philip “Brave” Davis said last year that the NIB contribution rate increase will take effect on July 1st of this year.

 Minister Myles Laroda, who was previously responsible for NIB, repeatedly said the contribution rate must increase by 1.5 per cent three or four times in the near future to stabilise the fund.

Comments

DWW 11 months, 1 week ago

has anyone really had a good look at all the ways NIB has lost money over the years? Like NIB owns the Abaco Gov't Complex and rents to Gov of Bah. Is that bill always paid or is it in arrears like I expect it to be? How about the other loans that NIB has made? are they all current or just sweetheart deals for cronies? Just asking the question as I don't know where to find the answer since we don't have FOIA and a real information ombudsman...

moncurcool 11 months, 1 week ago

Didn't Mitchell insult the intelligence of the Bahamian people the other day by saying you could go to the Ministry and ask for information and get it? Maybe just go ask. Though we all how how that will turn out.

pt_90 11 months, 1 week ago

Have you tried looking at their Annual Report and cross checking the 11th Actuarial Review. It's on thier site undr publications.

It's a start and shows their asset book and income sources including their security portfolio.

Not up to the year but gives a good window into thier holdings.

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