DSS defends decision to implement increase retirement age

first_imgLocalNews DSS defends decision to implement increase retirement age by: – September 6, 2011 Dominica Social Security buliding. Photo credit: investdominica.comThe Dominica Social Security is defending a decision to advocate for the implementation of an increase in retirement age and a higher contribution rate.A report has recommended that the retirement age move from 60 to 65 and the Dominica Social Security has been conducting sensitization meetings around Dominica.Deputy Director of the Dominica Social Security Augustus Etienne said the changes are imminent but the public’s impute is essential.“Because of the age of the system and because of the age of the population, we have a lot of people retiring and we are getting to point that the reserves that we have been able to accumulate overtime will be depleted in the future. When that happens we are going to have to charge people the real cost of the benefits that we are paying to them. In other to avid that, we have to make changes on a gradual basis so the system will be in place for future generations,” he said.He said the recommendations have been there for years but sometimes it’s difficult to implement some of those changes.“People are saying that things are looking bleak but every three years we are recommended by law to undertake a review which will indicate what changes will be made to the system. The system is not meant to be static. Overtime changes must be made and where you fail to make changes when you were suppose to make changes, the time will come when you will have to make drastic changes that will be too much for the people will deal at the time,” he explained.Dominica Vibes News Tweet Share Sharing is caring!center_img Share Share 14 Views   no discussionslast_img read more

Bright Addae and Afro Arab Group boss donate to Ghana Skate Soccer team

first_imgBright Addae, a member of Ghana’s U-20 team that won the World Cup in 2009, and Alhaji Salamu Amadu, Group Chairman of the Afro Arab Group of Companies have paid a visit to the Ghana Skate Soccer team.Bright Addae together with Alhaji Salamu presented a set of Jerseys to the Skate Soccer Ghana Federation as part of their visit, urging them to keep on believing in their capabilities.“Our doors are always open to the Ghana skate Soccer team. You have indeed made us understand that “Disability Is Not Inability” Bright said. The Business mogul also assured the players of his entrepreneurial support from the Afro Arab microfinance a subsidiary of Afro Arab Group so that they will not go back onto the street again after they have been helped.Mr Albert K Frimpong, CEO of the Federation expressed joy and thanked both Bright Addae and Alhaji Salamu Amadu for thinking about them. This is the first time a high profile footballer has paid a visit to the team and made a donation. “We have so many big and influential players and business moguls in the country but it is only Bright Addae and Alhaji Salamu who decided to spend time with us.””This will be remembered as a historic visit from the two of you” he added.Bright Addae made 27 appearances for Ascoli in the just ended Italian Serie B season. —last_img read more