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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.

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‘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.

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‘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.

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‘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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