"NIB takes in from contributions about $280 million per year and in recent years has paid out $285 million." Nassau Guardian, Tuesday, September 25, 2018.
As each year passes things get worse yet nothing is done. It is no more than a Ponzi Scheme.
The Government can't raise rates as they should as VAT is sucking people dry yet they keep expanding benefits.
It will be interesting to hear the responsible minister's thoughts on the future direction of NIB.
I await with bated breath.
