‘NIS is getting a bad rap because of a few bad eggs’ – Dr Singh urges staff to do better

A section of the NIS staff at the event

Dr. Singh also posited that the government is firmly committed to the Scheme and to ensuring its viability.

“Work has already started; a new Actuarial Review has commenced. The Actuary has met with a number of stakeholders. This Government led by the President His Excellency Dr. Mohamed Irfaan Ali is firmly committed to the long-term viability of the NIS. So, we are here for the long haul,” Minister Singh reiterated.

The Finance Minister then congratulated all persons who received bursary and long-service awards.

The General Manager of NIS, Holly Greaves also expressed gratitude to the minister, the NIS Board and all staff for their dedication and hard work over the years.

Chairman of the NIS Board, Ramesh Persaud noted that the Scheme needs to revisit its rules in keeping with a modern world.

Chairman of the NIS Board, Ramesh Persaud

“Society has transformed and so will be required of the NIS. The challenges of NIS have to be resolved now.”

A priority of the government when it assumed office in 2020 was to address the complaints received from contributors with pending claims at the time amounting to 14,000 as of November 2020. In support of this effort, the Cabinet undertook a series of nationwide outreach sessions that took the services of NIS to the citizens, with 12 sessions held in Regions 2, 3, 4, 5, 6 and 10.

Over 1,300 people across the country have benefitted from these sessions, many of whom are in receipt of Old Age Pensions after waiting for a number of years.  Additionally, all inherited 14,000 pending claims have been resolved.

Finance Minister, Dr Ashni Singh


However, the Finance Minister said much more remains to be done.

Dr. Singh reiterated that the NIS was conceived in 1969 and remains today the preeminent national institution to provide for those who are unable to work, for medical insurance and for the sick and the elderly and to provide for those who exit employment.

During the 54th Anniversary ceremony, children of NIS employees who performed outstandingly at various annual examinations, including the National Grade Six Assessment (NGSA) and the Caribbean Examination Council (CXC) were provided with Bursary Awards while long-serving employees and retirees also received awards. (Modified press release from the Ministry of Finance)