March 7, 2023
MYLES Laroda, state minister with responsibility for the National Insurance Board.
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‘One rate increase in 50 years is not sustainable’
MONEY owed by delinquent businesses will not save the National Insurance Board fund, Minister of State with responsibility for NIB Myles Laroda said yesterday, adding that many companies that are behind on contributions are small businesses.
NIB faces $98m deficit for 2023
The National Insurance Board (NIB) is predicting it will incur a $98m total deficit in 2023, it was revealed yesterday, as a Cabinet minister reiterated warnings that The Bahamas cannot afford to delay critical reforms any longer
Laroda again puts case for action on NIB funds
MYLES Laroda, state minister with responsibility for the National Insurance Board, yesterday continued to advocate for increased contributions for the agency’s fund to avoid an $98m loss this year.
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