PODCAST: NIS grapples with declining contributions, low investment returns

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.