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NIB’s $240m loss at COVID’s peak
COVID-19 has left the National Insurance Board (NIB) facing an “uphill lift” to recovery after plunging the nation’s social security system into a $240m loss at the pandemic’s peak.
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Ex-civil service union boss: I urged pension reform two decades ago
A FORMER union leader says he recommended that civil service pensions be made contributory almost two decades ago as financial analysts warned “it’s all coming home to roost” over a forecast $3.5bn hole.
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Don’t ‘erode’ public worker benefits in pension reform
The Government’s public sector pension reforms “must not erode the benefits” workers enjoy under their current scheme, a union leader is warning, while challenging if those impacted were consulted.
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