The United Progressive Party (UPP) has written to the Director of the Social Security Scheme, David Matthias, requesting detailed financial records. It is attempting to determine the cause of the Scheme’s ongoing financial troubles and continued late payments to its beneficiaries.
Political Leader Harold Lovell notes that cash payments on the Social Security bond are critical in alleviating late payments.
Since it was the Antigua Labour Party Goverment that brought the system to its knees — and since Matthias says the Administration has made timely payments to the Scheme – then Lovell is asking for a breakdown of the $300 million the Government allegedly has paid in.
Meanwhile, Lovell says that the former US Naval Base property is not helping the Social Security to meeting its financial needs.
He says the Scheme needs cash, and it is important to know whether the transfer in ownership of the base was intended to reduce the bond or part of an asset swap.
In the same vein, Senator Damani Tabor is also concerned that the Browne Administration has applied assets such as the Naval Base towards the bond.
In his letter dated June 14, the UPP Political Leader says that full disclosure of this information will help shed light on whether the Government is meeting its full obligations or not.
“This will determine whether monthly cash payments on the Social Security bond are being made,” which would alleviate the late payment of pensions and other benefits, it says.
The UPP says that senior public servants and the administrators of statutory bodies are duty-bound to provide full and transparent information to the public.
Moreover, it says that “this unvarnished information should be provided routinely to demonstrate the Government’s commitment to meeting its obligations.” REAL NEWS
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What is the next option on the wigi board to try and stay relevant?
You should be asking that question to Gaston Browne who is sooooo irrelevant now. His days are usually spent away from our shores as he ‘ as school children say, he beggibg money for the election
A JUST SHAME YOU SHAME …..CHANGE YOUR NAME TO ”JUST SHAME” FROM ”JUST SAYING”
LOL.
Has anyone seen Matthias’ response to Lovell’s letter in the paper today?
That man has no shame. He actually named those as the assets that made up the $300m? Which CEO would approve the use of his company’s finances for assets that have no meaning to his company nor bring any benefits to it? Which man would sacrifice old people’s hard earned moeny like that?
But we understand his position. The lifestyle he seems to be living is sweet and addictive. Hope he is enjoying what he is losing his dignity and honor for. He has to be told it will not last long, but the bad taste that his name brings in people’s mouth will.
Why dont UPP match the ABLP…….. ? Empty mouths & saw dust brains always make alot of noise….. Stop fool the masses!! UPP had their turn to manage but run this country almost into a failed state
BETTY’S HOPE, the alp mashed-up the SOCIAL SECURITY and as usual trying to blame others.
A FAILED STATE….U KNOW WHAT IS A FAILED STATE…..A STATE WHERE EVERYDAY PUBLIC SECTOR WORKERS STRIKE FOR UNPAID OVERTIME, WHERE RUBBISH IS NOT COLLECTED BY UNPAID CBH WORKERS, WHERE SUPPLIERS HAVE BEEN WAITING FOR OVER 2 YEARS FOR PAYMENT, WHEN THE GOVERNMENT $500,000,000 BONDS WERE NEVER SUBSCRIBED FOR, WHEREAS ALL BONDS ISSUED UNDER THE UPP WERE OVER SUBSCRIBED FOR.
YOU ARE NOTHING BUT A MINION AND BLUDDY JOKE…..AS WE SAY A USEFUL IDIOT…THAT IS WHAT ANTIGUA HAS BECOME UNDER GASTON, A FAILED STATE SINCE 2004!!!!
I’m an expat, and I wanted to buy the bonds…but I could not figure out how. Where do they offer the bonds for sale? If people can’t buy them easily, then of course they will not get sold.
Even if they are idiots…the SS board should give an annual report. EVERY year no matter who is in power or who is in charge of the board. They can more easily identify issues that way. Just my two cents. I care about my country.
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