Enough funds to pay claims

CHAIRMAN of the board of the National Insurance Scheme (NIS) Ian Gooding-Edghill has once again assured Barbadians that their unemployment claims will be paid.

He was speaking on Starcom Network’s Brass Tacks Sunday call-in programme on April 5, where it was revealed that between March 23 and 27 alone, the NIS received 3 602 unemployment claims. 

“The National Insurance manages a range of funds including the Unemployment Fund, the National Insurance Fund and the Severance Fund. We have in excess of $4 billion in investments. I would like to assure you that the funds will be available,” he said. 

Gooding-Edghill also noted that Governmentwas prepared to recapitalise the Unemployment Fund as stated by Prime Minister Mia Amor Mottley during her address in Parliament in the event of any shortfall.

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