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Volume: 119 No.99, April 13, 2022
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GET READY TO PAY UP FOR NIB TRYING TO AVOID AN EASTER SHUTDOWN
Laroda says rates will likely increase within next year By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net MYLES Laroda, the minister of state with responsibility for the National Insurance Board, says he anticipates that NIB contribution rates will increase within the next year given the unsustainability of the social agency’s fund. However, he said, a decision on the matter has not been made as yet. Mr Laroda made the
revelation to reporters a day after he had exclusively told The Tribune that the NIB fund could be depleted by 2028 if the government failed to take urgent action. According to the minister, the situation was predicted by a new actuarial review of NIB, which reduced the fund’s potential depletion timeline by one year, as the previous review had made a prediction of 2029.
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.” Larry Gibson, chief operating officer of CG Atlantic Pensions, who has
long advocated for comprehensive pension and social security reform in The Bahamas, said without “radical reform” businesses and workers will be faced with contribution rate hikes “every three to four years” to maintain NIB’s longterm sustainability. “What happens is when the can is against the wall, you cannot kick it any further,” he said. FULL STORY - SEE BUSINESS
By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net
THE United States said the Bahamas government has not effectively implemented laws to provide long-term residents the chance to get Bahamian citizenship “in a timely manner and on a non-discriminatory basis.” The US made the criticism in the latest human rights report for the country, which is released annually. As usual, the US recognised the stability of various institutions and systems in The Bahamas, but highlighted recurrent problems, including abuse and poor conditions at the prison and detention centre, the absence of SEE PAGE FIVE
‘WE MUST STOP DRUGS BEING THROWN OVER PRISON WALLS’
By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net
SEE PAGE THREE
BUSINESS CHIEFS WARN: DON’T KICK CAN DOWN ROAD AGAIN By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
US CRITICISES BAHAMAS ON CITIZENSHIP MEASURES
WAYNE Munroe said prison officers’ ability to smuggle cell phones and contraband into prison has largely been curtailed but officials face a new challenge: officers who retrieve and distribute drugs that are thrown over the prison’s walls. His comment came after Prime Minister Philip “Brave” Davis told corrections officers his administration has no tolerance for misconduct from them. SEE PAGE SEVEN CUSTOMERS at a Shell gas station yesterday as efforts continue to avert an Easter weekend strike by petrol operators. Photo: Racardo Thomas/Tribune Staff By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net ECONOMIC Affairs Minister Michael Halkitis said the government is planning to meet with the Bahamas Petroleum Dealers Association today to address their concerns about rising fuel prices, among other things. On Sunday, Vasco Bastian, the association’s vice-president, told
The Tribune the group was trying to ward off a planned Easter weekend strike by around 80 percent of operators. He said the planned action was in response to soaring fuel prices and the losses incurred by operators as a result of the spike. Yesterday, Mr Halkitis said he does not believe such an action would happen, adding it is his hope the two parties will
be able to work together to come to an amicable agreement. “Our communications so far with the association has not included any ultimatum whatsoever put to the government so we will meet with them and see how we can address some of the issues that affect them,” the minister told reporters before yesterday’s Cabinet meeting.
Nassau & Bahama Islands’ Leading Newspaper
SEE PAGE THREE
ALICIA WALLACE: READ THE FACTS, LEARN THE PROBLEM - THEN ACT
- SEE PAGE EIGHT