Although he ruled out the possibility of any increase in National Insurance Scheme pensions and benefits in the near future, Vice President Bharrat Jagdeo yesterday assured contributors that their contributions are secured for the next 100 years.
“Government will and has to intervene through various provisions to ensure people receive their benefits…We will cure the deficit using whatever means, the consolidated fund or whatever are the means to direct contribution into the NIS, to ensure that for the next 100 years, its fine, and that people can receive their benefits,” Jagdeo yesterday said during a press conference.
His assurances come on the heels of reports in the media attributing comments to him declaring that the government-operated insurance scheme is bankrupt.
