It seems the reason NIB is broke is poor management, theft and corruption.
If money has left this essential pension fund through ways other than payment of benefits and reasonable administrative costs, I don't see why the NIB fund cannot be contributed to by other sources.
The reason for NIB is as a safety net for our people, yet it is "the people" who are again paying for the poor performance of their "leaders" .
Another form of regressive taxation, just called by another name.
NIB is exactly like every other entity we have here.
A bunch of broken promises and an empty bank account.
Obviously, words have absolutely no coherent meaning in The Bahamas.
Either we are gullible, or ignorant in electing these clowns into office over and over, expecting different results.

Ms. Wallace,
Exactly right on corporal punishment.
Thanks

Exactly right.
Better question.
When have we ever admitted mistakes?

We certainly do not need anyone sullying our reputation, especially no foreigner.
The integrity of our institutions is sacred.
Take BPL, for instance. Oops.
Take Princess Margaret Hospital, for instance. Oops.
Take NIB, for instance. Oops
Take Bank of Bahamas, for instance. Oops
Take Water & Sewerage, for instance. Oops.
Take Batelco, for instance. Oops
Take Road Traffic, for instance. Oops.
Take Fox Hill Prison, for instance. Oops.
Our judicial system, for instance. Oops.
Our crime statistics, for instance. oops.
Anyone mind continuing?

The one thing that the interviewed said that indicated he has no grasp on the realities here is this; “My view is that the biggest challenge for us here is that people have got to work hard and stop looking for the easy way out,” he pronounced. “Work harder and save. So much is in our control."
What percentage of Bahamians can save a dollar at the end of the week, once they pay their bills. Savings is at an all time low. And, it is not necessarily because people act fool.
If we are honest, and educated, we would see that the main drivers of economic inequality are structural in nature. This is a fact. The well to do get a free ride on most everything. Taxation, interest rates, access to capital, political access, and on and on.
Blaming the vast economic disparity on gambling alone is ignorance at its finest.
Gambling is merely a symptom of a malfunctioning economy.
While I agree that gambling is a scourge on our country, we have done nothing to fix the real problems. If you remember correctly the Bahamian people voted no to legalizing the web shops.
If we want to place blame on acting fool, take your own politicians and those who fund them to task.
You may be good at making money, sir,your arguments fall flat to any thinking person..
.

What can we believe anymore?
Anything?

Sadly, you are probably right, Tal.
Trump is still walking free too, hey?
Just like here. Have a few connections, or a few million in cash, and you are good.

And worse, they don't even see the error in their ways.
Suggesting, it is going to get worse, before it gets better.
They are allowing power to go to their heads and are willing to take the Bahamian economy down to satisfy their egos.
A sad time.

Banks should be a public utility.
Money is to be used to grease the wheels of trade.
Banks and bankers produce nothing of value.
They suck money out of the real economy.
Too bad they don't teach this in school.
They don't even teach this in the best universities.

I don't know the answer. Others around the world seem to have arrived at the answer. We, here in The Bahamas wear our ignorance as a badge of honor.
I just don't get it.
Look around. The Bahamas is failing its people. We the people, are failing our country.
This is a national tragedy.
The writer of this article must realize that this issue must be talked about continuously, and this paper must insure that this message is broadcast at the highest levels.
Unfortunately, we do not have enough educated politicians in this country to make it a true priority.
Thank you for telling it like it is. Until we start reading and writing, our Bahamas hasn't a hope.