The Cabinet invited the Managing Director of the Social Security Board to address the issue of pensioners not being registered, upon the presentation of inadequate documentation. CLICK HERE TO JOIN OUR WHATSAPP GROUP.
All retired persons who are eligible for a pension must provide all the documentation necessary for registration to be complete.
The Cabinet is giving consideration to having a provisional registration until such time as all the documents required are presented to Social Security.
The Director appeared on a radio program recently and was asked about payments to Social Security made by current and prior administrations.
The current leader of the UPP who served as Finance Minister from 2009 to 2014 was also on the same radio program.
The former Minister asserted that his administration provided a Government bond that was the equivalent of making a full payment to the scheme current by 2014.
The Director conceded during the Cabinet meeting that no administration has provided the cash necessary to make payments to Social Security pensioners like the current administration.
$30 million dollars a year (and more) have been paid by this current administration to Social Security. A bond is not cash, the Director conceded.
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The Covid-19 pandemic, which caused many hotels to close and many employees of other industries to be laid off adversely affected Social Security payments and to slow the progress made in eliminating the debt to the Scheme.
As the economy recovers, payments to Social Security will also increase, the Cabinet asserted.
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