Pension Fiasco Related Links: Stolen Mail Letters Menu Archival Menu NIS benefits increased February 20, 2007 PNCR-1G urges NIS overhaul February 14, 2007 Pensioners laud ministry on timely sharing of coupons December 5, 2006 Guyana's private sector pensions failing to meet stakeholders' expectations December 3, 2006 More than 20,000 pension books distributed-- GINA December 2, 2006 Pension book distribution more efficient November 25, 2006 2007 pension books ready for some regions November 10, 2006 Consultations begin as NIS seeks sustainable financing strategies June 21, 2004 NIS quandary: Hike contributions or drop benefits June 10, 2004 Slow judicial process blamed for outstanding millions to NIS June 10, 2004 NIS needs more contributions to meet $$ commitments -- report June 10, 2004 NIS to review medical slips from claims scam June 5, 2004 Parliament passes Presidents' pensions bill April 30, 2004 National Insurance investment strategy for government review March 31, 2004 No big increase in Old Age Pension booklets expected this year March 3, 2004 Old age pension booklets for distribution next month January 24, 2004 NIS will raise contributions level to 16% in phases January 12, 2004 Persons wishing to check contributions should approach NIS December 8, 2003 No charges one year after $14M pension scam December 1, 2003 Only 25 of 552 NIS employees not paid Nov. salary November 28, 2003 NIS must issue regular statements to contributors November 24, 2003 NIS and pensioners October 20, 2003 No movement on moveable-property legislation October 19, 2003 National Insurance Scheme - Report 2001 October 19, 2003 Theft must be punished August 18, 2003 Around $3.1M repaid by postal workers in $14M pension scam August 14, 2003 13 postal workers fired in old age pension scam August 13, 2003 Pension motion could widen GGG rift August 11, 2003 Pension book distribution completed August 7, 2003 Postal workers in pension scam get back jobs July 24, 2003 $50M released to pay pensions May 21, 2003 Pension money released to post offices May 17, 2003 Accounting 'indiscretions' at post office holding up pension payments -Shadick May 7, 2003 Post Office puts pensions on hold May 6, 2003 Penitent postal workers willing to pay back money -sources April 8, 2003 Post offices run out of pension money April 4, 2003 Pension scam -- Final report expected shortly February 18, 2003 The old age pension debacle February 17, 2003 Three suspected in pension scam, leave jurisdiction February 12, 2003 Living on pension is living on the edge February 8, 2003 Most pensioners have received booklets February 5, 2003 Around 60% of pension books handed out January 27, 2003 No charges yet in Old Age Pension scam January 25, 2003 Ministry announces timetable for Old Age, other pensioners January 23, 2003 More pensioners able to collect booklets January 15, 2003 Pension book distribution suffers some hiccups January 14, 2003 $14M skimmed in pension scam January 1, 2003 Fired social workers challenging dismissal in Court December 10, 2002 Three dismissed workers prevented entry to ministry compound December 3, 2002 Ministry fires three employees November 30, 2002 Seven postal workers likely to be charged November 26, 2002 Old age pension scam November 18, 2002 PM flays postal staff over pensions fraud November 18, 2002 Post Office says it repeatedly asked for voucher details November 16, 2002 Security features in Old Age Pension Books to be updated November 15, 2002 Postal officials have implicated senior ministry employees –Edghill November 14, 2002 Security features in Old Age Pension Books to be updated November 13, 2002 Ministry to examine direct pension payments in outlying areas November 9, 2002 Post office should not have cashed vouchers without specimen -Shadick November 8, 2002 Seven held in Old Age Pension scam November 6, 2002 Evidence sent to DPP October 31, 2002 Police question three ministry officials October 27, 2002 Minister determined to uncover Old Age Pension Books irregularities October 11, 2002 Twenty-three postal workers interdicted in police probe October 10, 2002 Probe intensifies into old age pension scam October 8, 2002 Old age pensions available at any post office August 14, 2002 MMA/ADA pensioners receive first payments for this year April 29, 2002 Encashing old pension vouchers illegal B ministry March 16, 2002 Eighty per cent of pensioners have received booklets -Shadick February 23, 2002 Shadick says payments to pensioners going smoothly February 11, 2002 Pensioners begin receiving payments February 6, 2002 Pension books' distribution likely for completion in another six weeks January 27, 2002 Pension books distribution begins in Berbice January 22, 2002 Another jaw dropper January 19, 2002 Distribution of pension books improves January 19, 2002 Pension books for Berbicians mistakenly left in Georgetown January 18, 2002 More confusion in old age pension books distribution January 17, 2002 Hundreds of pensioners unable to uplift books January 16, 2002 A © page from: Guyana: Land of Six Peoples