Daily Archives: October 23, 2014

Barbados raids national pension fund to provide severance pay to dismissed Transport Board workers.

Leroy Parris and good friend Finance Minister Chris Sinckler share champagne

Leroy Parris and good friend Finance Minister Chris Sinckler (left) share champagne

Robbing the future? Kiss your pension goodbye?

Robbing Peter to pay Paul? Juggling accounts because there’s precious little left in the treasury? All of the above?

The headline pretty well says it all – we’re broke!

Dismissed Transport Board workers are getting every cent of their long overdue severance pay, thanks to Minister of Finance Chris Sinckler.

Very reliable sources have revealed that the cash-strapped statutory corporation that provides islandwide public transport services had, through the Ministry of Transport and Works (MTW), sought the assistance of the National Insurance Scheme (NIS) to meet its obligations to retrenched workers.

… read the full story in The Nation Pay Day at Last

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Filed under Barbados, Economy