People who currently contribute to the National Insurance Scheme (NIS) could be affected by its impending reform.That is the view of Dean of the Faculty of Social Sciences at the University of the West Indies, Cave Hill Campus, Professor Justin Robison.He told Barbados TODAY that while the National Insurance Fund is not in crisis now, Barbadians who presently contribute to the NIS could possibly still feel the impacts of any reform.On Wednesday, during a national press conference, it was revealed by NIS actuary Derek Osborne that unless decisive action was taken immediately, the National Insurance Fund could be depleted by 2034 in a worst case scenario. He had cited a significantly reduced workforce and aging population as two of the main reasons the NIS was not performing as well as previously predicted.
