NIF paying out more than it’s taking in

[evanovitch]

There are signs that all is not well at the National Insurance Fund (NIF), which manages contributions collected under the National Insurance Scheme (NIS).

During Tuesday's sitting of Parliament, Labour and Social Security Minister, Pearnel Charles, told the House that the Government had ordered an actuarial study of the Fund because of concerns that outflows from the Fund were far greater than inflows.

"The Government is concerned because the amount that we are paying out now is more that we are taking. We expect to get the review by the end of March ... that would give us a guideline as to how we proceed from here," he said.

The NIF currently has more than $30 billion in assets.

[Dr.Dudd]

Re: NIF paying out more than it’s taking in

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">
There are signs that all is not well at the National Insurance Fund (NIF), which manages contributions collected under the National Insurance Scheme (NIS).

During Tuesday's sitting of Parliament, Labour and Social Security Minister, Pearnel Charles, told the House that the Government had ordered an actuarial study of the Fund because of concerns that outflows from the Fund were far greater than inflows.

&quot;The Government is concerned because the amount that we are paying out now is more that we are taking. We expect to get the review by the end of March ... that would give us a guideline as to how we proceed from here,&quot; he said.

The NIF currently has more than $30 billion in assets.

</div></div> That is evidence that the workers are ebing underpaid.
this is a similar situation that exists with the soicial security in the US.
But the business sector will pay some quack to prove othrwise.