Friday 23 October, 2020

Opposition Leader: Where are the NIS reports?

Bishop Joseph Atherley

Bishop Joseph Atherley

Opposition Leader Bishop Joseph Atherley wants to know where are the reports from the National Insurance Scheme (NIS).

"Are we seeing reports from the National Insurance with respect to the operations of the Catastrophe Fund?"

This was but one of the questions he asked today in parliament as the new Catastrophe Bill was debated.

"I think under the legislation from what I read those reports are supposed to be coming with a certain measured frequency and should come to the attention of the parliament and the public.

"I know in the past, in fact currently we have issues with reporting coming out of the National Insurance Department with respect to other Funds."

Noting that the Catastrophe Fund, which was in focus, is managed by the NIS as well, he said, "I just want to know if we are actually seeing reports as to how the Catastrophe Fund is being managed.

"As far as I know there is scope for investment of those funds etcetera, and I don't hear anybody speaking to those matters."

He called on the current administration to address this.

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