Demerara Waves Online News- Guyana Riding on the Crest of Truth
Last Updated on Thursday, 10 October 2019, 10:10 by Writer
The General Manager of Guyana’s National Insurance Scheme (NIS), Holly Greaves says Guyana’s state-owned social security entity continues to suffer from declining contributions and low returns on its investments.
Addressing the NIS’ 50th anniversary observance, she said a Debt Management Department has been registering some successes in raking in much needed cash from errant employers and self-employed persons.
She notes that NIS has also gotten more than GYD$500 million in contributions from the oil and gas sector.
The NIS was established in September, 1969.