PDA Party Leader slams PNP and British; calls for money to fix water woes in Capital
Providenciales, 27 Aug 2015 – Explanations by the UK about that $2.2 million spending are not sitting well with the newly formed Progressive Democratic Alliance party; Oswald Skippings calls the elected government weak.
In a media statement he asks: “How can these members of the House of Assembly that comprise of attorneys, medical professionals, businessmen, bankers, a real estate executive and a hotel developer just sit on their political laurels and swallow the Colonial totalitarian crud that the British is pushing down their open throats on a daily basis.”
Strong words from the PDA leader, Skippings, who also focused on the water shortage issues as more important than paying off the former, and as he put it, ‘incompetent’ Attorney General, paying for expensive lawyers in what he labeled as ‘frivolous court cases’ and covering the security bill of the SIPT.
It was pointed out that the, “Community College is affected from water shortages, where Senior Citizens cannot bathe sometimes at the Wellness Center because of water shortages and families and businesses are negatively affected as well.”
Since early June, Grand Turk has not had enough water to source the entire island; it’s been nearly three months with no definite end in sight. The former Chief Minister said there is no representation and said an election is needed, sooner rather than later.
Three Days to NIB Rate Increase for 2023
By Dana Malcolm
#TurksandCaicos, March 29, 2023 – On April 1st, the second round of increases on contributions at the National Insurance Board will kick in for the Turks and Caicos workforce. Announced last year, the increases were instituted to keep the NIB from running out of money by 2027 as it services a population that is living longer with contributions that had not been increased in 30 years.
As the Government’s new financial year begins, increases at NIB will mean a higher cost for doing business and a higher cost for running the Government.
The private sector is expected to pay contributions at a rate of 11 percent on your taxable income. The hike is up from last year’s 10 per cent; six percent of which is to be paid by the Employer and five percent is to be paid by the Employee. For wages of $2000, this will mean a $200 improvement in income per month to the NIB. As for the burn on residents’ pockets, based on a minimum wage of $1200 monthly salary, that’s at least $60 dollars a month and $720 per year.
Public sector rates will move to 10.15 percent up from 9.15 per cent with the worker paying 4.575 per cent and the Government paying 5.575 per cent; that’s $54 a month and $648 a year at minimum wage.
The NIB rate as of April 1, 2023, will jump to 9 percent for self-employed individuals; For self-employed individuals at minimum wage, that is $108 dollars a month or $1296 per year.
As taxable incomes increase so will the contribution.
The increases follow a 2019 Actuarial review, undertaken every three years, which unearthed that the NIB was facing a dismal future, possible collapse. Contribution rates were growing at a rate much slower than NIB expenses, which included beneficiary payouts. On that trajectory, the NIB’s earnings would be eclipsed by its income by 2027, forcing the worker protection plan to draw down on money saved for economic shocks like Covid-19.
Unsurprisingly, this was deemed untenable, and an immediate increase was recommended.
Despite this scramble to boost earnings, the NIB has simultaneously increased payouts. Payouts for pensions, funeral grants, maternity grants and more will all attract bigger sums.
These incremental increases on contributions and payouts were all consultant recommendations, informed statements from the Board.
Work of NAECOB critical in ensuring high standards in education, says Minister Hanna-Martin
Bahamas Golden Jubilee Events Announced, Celebrations Across 33 Islands & Cays
#TheBahamas, March 27, 2023 – As the 50th anniversary of our nation’s independence approaches, Bahamians everywhere are teeming with excitement and expectancy around the year-long celebrations set by The National Independence Secretariat.
Yesterday, the Prime Minister joined H.E Leslia Miller Brice, Chair of The National Independence Secretariat to unveil the Calendar of Events for the 50th Independence celebrations.
The calendar comprises a host of events, initiatives and recommendations for celebrations throughout all 33 islands of The Bahamas.
At this jubilant occasion the PM stated, “Celebrating independence is about acknowledging the greatness around us, the greatness within us, and the greatness ahead of us.
We are Bahamians. That identity is special.”
View the newly released calendar of events here:
FIND US ON FACEBOOK
Caribbean News6 days ago
TCI Moving to Catch Up in Clean Energy Race, attends CDB Conference
Health7 days ago
ChikV is back! The Americas see sharp increase and nearly 100 deaths
Uncategorized1 week ago
Banks fail, causing ripple effects but what of the Turks & Caicos banking security
Uncategorized3 days ago
Lifting of COVID Vaccine Mandate is ‘Game Changer’ for Tourism & Real Estate says Christie’s
Uncategorized5 days ago
Uton Graham, Bars Manager at BTC masters his mix with training the next generation
Uncategorized5 days ago
BTC Celebrates International Women’s Day, Embrace Equity
Uncategorized5 days ago
United States Works to Combat Gun Trafficking in the Caribbean Region
Uncategorized7 days ago
Carnival Cruises hits 100 Million Visitors