NIS ‘healthy,’ despite crisis warning -Luncheon

Head of the Presidential Secretariat Dr. Roger Luncheon yesterday denied that the National Insurance Scheme (NIS) is in immediate financial trouble and could soon collapse, in the face of warnings that it is nearing a crisis stage unless reforms are urgently implemented.

“Dire reflects some immediacy like yesterday… Is this NIS a sinking ship that is ready to go down? Non-sense… As we sit here today, the scheme is healthy… I intend to draw pension for a good lil while… We are willing to concede that uncertainty prevails and unless we agree and we implement those reforms, then we will start talking about dire times,” Luncheon, who also chairs the NIS Board, said at his post-Cabinet press briefing yesterday.

He was asked whether the NIS was in a dire position, in light of the findings of the draft eighth actuarial review of the NIS, which is  …..To continue reading, login or subscribe now.

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