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Sep 15, 2017

P.U.P. Proposes Some Modest Reform to Social Security

John Briceño

Briceño described the Government’s treatment of the S.S.B. as a piñata, always available for ready cash on demand. But with calls for increased contributions from workers, what, if anything, can be done to fix the Board’s position? While the party is still discussing its plans, Briceño outlined four areas of importance, which includes reducing expenses for management and diversifying into more projects in the productive sector, such as the current citrus deal.

 

John Briceño, Leader, P.U.P.

“One of the first things we need to look at is overexposure by Government – that there has to be enough checks and balances to deter the Government to use Social Security as their piggybank – their piñata, as what we see has happened under the U.D.P. government since 2008, so that is one of the first things that we have to do. Secondly, I think there has to be a more aggressive form of proper investment in other forms away from Government so that our funds can give interest…”

 

Reporter

“For example, the productive sector?”

 

John Briceño

“Precisely, the productive sector. Thirdly we also need to look at what is being spent to operate Social Security. There have been some valid arguments that Social Security is top-heavy, and that too much is being spent on the actual operations and management, so that is something that has to be looked at. And fourthly, there is talk that maybe Social Security should take a more active participation in providing health care services for the workers.”

 

The P.U.P. in its release called on the social partners represented on S.S.B.’s Board of Directors to guard against undue risk in investment, reminding that the funds they are entrusted with belong to the Belizean people and must be jealously guarded.

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Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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