Leader of the United Progressive Party (UPP) Jamale Pringle has proposed a “win-win” Social Security investment programme, aimed at increasing returns for contributors while financing national development projects.
Addressing supporters at a campaign rally, Pringle said the plan would see Social Security funds invested more strategically to deliver stronger financial returns, ensuring improved pension payments and long-term sustainability of the system.
He indicated that the approach would prioritise investments within Antigua and Barbuda, allowing the fund to support economic activity while generating income for beneficiaries.
The proposal is designed to ensure that contributors benefit both directly and indirectly, with Pringle arguing that Social Security resources should be used in ways that “work for the people” and not remain underutilised.
Under the plan, investments would target productive sectors capable of generating employment and economic expansion, creating a cycle in which national development strengthens the fund, and the fund in turn supports the population.
Pringle also raised concerns about the adequacy of current pension levels, suggesting that improved investment performance is key to delivering better outcomes for retirees.
While he did not identify specific projects, he stressed that any investment decisions would be structured to balance risk and return, protecting contributors’ funds while maximising benefits.
The Social Security proposal forms part of the UPP’s wider campaign platform, which has focused heavily on economic relief, income security, and improving the standard of living for workers and pensioners.
Pringle said the initiative would ensure that Social Security becomes a more active driver of economic growth while delivering meaningful returns to those who depend on it.
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Editor, you took the time to write a lovely article with quotes/paraphrasing just to state “at a campaign rally” as the source? Like come on.
From what I got from this is that they will Invest into SS but it’s not stated where that money will come from or a bit vague for my liking so I’ll wait/ look for more details on that.