The NIS lifeline is abused

Apr 19, 2013 Letters

Dear Editor,
I have been a silent onlooker with the recent developments at the National Insurance Scheme (N.I.S). Drawing conclusion from the recent announcement by the Government that there is a one percent increase in the NIS ceiling could only mean one thing, the NIS is in serious turmoil maybe on the brink of a financial break down or collapse.
It is unfair and unreasonable on the part of the Government to impose an increase on the NIS contributors when it is this same Government that took contributors money and invested it without any proper consultations from contributors in some shady investments, primarily the now bankrupt CLICO. Now that things have gone sour instead of exploring avenues to try to recover some if not all the monies the Administration is literally imposing a one percent increase. This might be a minimal sum for some of our big wigs at Office of the President but what about the small man?
The bold and blatant ignorance of the Administration never ceases to amaze me. They took the NIS money that was placed there by the people in the event of their illness, and old age, and invested it in the Berbice Bridge. Now they are asking those same persons to pay some astronomical charges to cross the same bridge that these persons’ monies made.
Sir “eye pass” is the ideal word to be used to describe this scenario. What I would love for the opposition parties to find out is if it is indeed true that the NIS monies that were invested in CLICO were indeed lost because word on the road is that the monies were withdrawn and placed in some people’s pockets after word got out that CLICO was on the verge of a major catastrophe.
Let us not forget that just before the public announcement that CLICO was experiencing financial difficulties, Government officials and their families who had monies in CLICO withdrew and closed their accounts.
Randy Persaud

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