April 13, 2022
Larry Gibson
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Ex-civil service union boss: I urged pension reform two decades ago
A FORMER union leader says he recommended that civil service pensions be made contributory almost two decades ago as financial analysts warned “it’s all coming home to roost” over a forecast $3.5bn hole.
‘Sky is not falling in’ on NIB - yet
THE Government still has multiple reform options to rescue the National Insurance Board (NIB) from collapse if it acts now, a pensions specialist asserted yesterday, adding: “The sky is not falling in” yet.
‘We must reform public pensions’
The Bahamas needs to avoid a Greek-style pension collapse and instead move ahead with the reform of the public pensions scheme as soon as possible, says the chief operating officer of CG Atlantic Pensions, Larry Gibson.
‘We cannot let NIB go broke’
The Bahamas cannot “let the National Insurance Board (NIB) go broke”, top business executives warned yesterday, with financial analysts asserting: “You cannot kick the can down the road any further.”
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