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zoom rader wrote:Dat is not the red government wayDe Dragon wrote:NIB money when I retire will just be to support vices/hobbies/grandkids.
I already have other investment instruments as my main income source for that time.
De Dragon wrote:NIB money when I retire will just be to support vices/hobbies/grandkids.
I already have other investment instruments as my main income source for that time.
Red government ppl bank on NIB .88sins wrote:De Dragon wrote:NIB money when I retire will just be to support vices/hobbies/grandkids.
I already have other investment instruments as my main income source for that time.
Similar plans here.
I figured out early that money ain't gonna be enough to maintain me, or the household. So it will be used to pay for a few necessary expenses like electricity and water and property taxes, and the balance if any will go to the kids inheritance package.
I plan to live off the monthly income stream I set up, it's about 3x more than I would need to live comfortably. Did it that way, so that even if my sources of income drop by 50-60%, i still got enough to be ok, and of course the I.C.E. fund is still there, growing and untouched.
All who want to bank on NIB, go right ahead.
Just don't be shocked when it doesn't work out the way you thought it would and you get the short end of the stick.
Eric Williams started it when he realized red government ppl didn't put things in place to bury themselveszoom rader wrote:Red government ppl bank on NIB .88sins wrote:De Dragon wrote:NIB money when I retire will just be to support vices/hobbies/grandkids.
I already have other investment instruments as my main income source for that time.
Similar plans here.
I figured out early that money ain't gonna be enough to maintain me, or the household. So it will be used to pay for a few necessary expenses like electricity and water and property taxes, and the balance if any will go to the kids inheritance package.
I plan to live off the monthly income stream I set up, it's about 3x more than I would need to live comfortably. Did it that way, so that even if my sources of income drop by 50-60%, i still got enough to be ok, and of course the I.C.E. fund is still there, growing and untouched.
All who want to bank on NIB, go right ahead.
Just don't be shocked when it doesn't work out the way you thought it would and you get the short end of the stick.
They failed to plan , carnival costumes make them happy but they don't think beyond age 60
Ultimately, that would mean political suicide but I believe this government should do it as they already highly unfavourable..death365 wrote:The other side of the pendulum is that we start reducing the pensions of persons currently in the system as well as those in the near to mid term (1 month to 7 years).
After that reduction, in the 7th year the govt can readjust if necessary.
Just a side note since 2017 to now france has been trying to adjust thiers to 65 (or reduce) but facing stiff resistance.
zoom rader wrote:Red government ppl on the streets saying the rasing the retirement age is necessary. Best joke is most of these people don't have a stable job nor pay NIS
This take winzoom rader wrote:Red government ppl on the streets saying the rasing the retirement age is necessary. Best joke is most of these people don't have a stable job nor pay NIS
In other words on the street it's kamala that cause Retirement age to go up cause she spend out the money.hover11 wrote:This take winzoom rader wrote:Red government ppl on the streets saying the rasing the retirement age is necessary. Best joke is most of these people don't have a stable job nor pay NIS
Then they coming 5 years down the road to complain and say the employer was never taking out the NIS and want us to work magic
Stupid country with stupid pplzoom rader wrote:In other words on the street it's kamala that cause Retirement age to go up cause she spend out the money.hover11 wrote:This take winzoom rader wrote:Red government ppl on the streets saying the rasing the retirement age is necessary. Best joke is most of these people don't have a stable job nor pay NIS
Then they coming 5 years down the road to complain and say the employer was never taking out the NIS and want us to work magic
Trinidad education system has failed these people
Yes that is coming and with idiots like J.O.E and Eliteauto-Tun Tun the red government sure to remain in power88sins wrote:How much allyuh wanna bet.
They going to push to raise retirement age to 65, and not long after going to try to raise the minimum pension contributions to 950, so that you have to work and pay contributions for longer to ensure you get that monthly chicken feed pension.
88sins wrote:How much allyuh wanna bet.
They going to push to raise retirement age to 65, and not long after going to try to raise the minimum pension contributions to 950, so that you have to work and pay contributions for longer to ensure you get that monthly chicken feed pension.
hover11 wrote:Trinis not planning properly for retirement
https://www.guardian.co.tt/news/trinis- ... c189dfc91e
Trinis think the government will mind them in their old age
Friends, politics and business don't mixshaneelal wrote:Seems due diligence was not followed, as usual no one will probably be held accountable.
The property is valued at $20.2 million on NIB’s books. Last Thursday, NIB published a newspaper advertisement in which it made a Request for Proposals for the “provision of services related to the proposed sale of six parcels of land” for the NIB.
In 2014, the NIB paid $37 million for the buildings—$32 million for the property and $5 million for renovation.
NIB to sell ‘Apsara’ property
https://trinidadexpress.com/business/lo ... 0770a.html
FLASHBACK: The controversial property at Queen’s Park East in Port of Spain, which is due to be put back up for sale next month by its owner, the National Insurance Board.
hover11 wrote:[/spoiler]Friends, politics and business don't mix
hover11 wrote:Business Watch: Finance Ministry discuss raising retirement age in two Business Chambers
https://www.cnc3.co.tt/business-watch-f ... -chambers/
88sins=ZR88sins wrote:hover11 wrote:Business Watch: Finance Ministry discuss raising retirement age in two Business Chambers
https://www.cnc3.co.tt/business-watch-f ... -chambers/
funny how they want to discuss this topic with the "business chambers", but not willing to engage in a public referendum or to even seek the public's opinion with thee ones that will be DIRECTLY impacted by any proposed change, specifically, the hard working aging population in the workforce.
allyuh vote fuh dat.
Numb3r4 wrote:Work 'til you die unless you die working first.
Good luck guys....
Wait until you realize how much money leaking from the oil and gas sector....88sins wrote:Numb3r4 wrote:Work 'til you die unless you die working first.
Good luck guys....
Yup.
Their idea is you must pay once you working, and you must work till u almost ready to dead, so they don't have to pay you back what you put in.
NIBTT=T&T biggest state run ponzi scheme
Sins,88sins wrote:Numb3r4 wrote:Work 'til you die unless you die working first.
Good luck guys....
Yup.
Their idea is you must pay once you working, and you must work till u almost ready to dead, so they don't have to pay you back what you put in.
NIBTT=T&T biggest state run ponzi scheme
hover11 wrote:Sins,88sins wrote:Numb3r4 wrote:Work 'til you die unless you die working first.
Good luck guys....
Yup.
Their idea is you must pay once you working, and you must work till u almost ready to dead, so they don't have to pay you back what you put in.
NIBTT=T&T biggest state run ponzi scheme
One thing is certain pensions must be paid....we have an aging population who are receiving pension and are at the same time out there going back to work thus collecting two or three incomes and not paying NIS because when you are recieving pension no NIS contributions are deducted from your salary should you decide if you wish to return to the working world...so they making it bad for us the working population
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