Search results for : laroda
LaRoda: Bahamas/Caribbean SIDS paying ‘serious, serious price’ as a result of adverse impacts of climate change
August 19, 2022
LaRoda: Bahamas/Caribbean SIDS paying ‘serious, serious price’ as a result of adverse impacts of climate change
Minister of State in the Office of the Prime Minister with responsibility for Disaster Management and Emergency Response, the Hon. Myles LaRoda, said The Bahamas has had to bear the brunt of the effects of climate change, and the high costs associated with those adverse effects, even though the country bears “very little responsibility for many of the actions that precipitate those impacts.”
LaRoda: NIB is in disinvestment mode
July 14, 2022
LaRoda: NIB is in disinvestment mode
Despite the recommendation in the National Insurance Board's (NIB) latest actuarial review for the board to diversify its investments, it will not at this time because it is currently in disinvesting mode to meet expenditure obligations, Minister of State in the Office of the Prime Minister Myles LaRoda said yesterday. NIB's eleventh actuarial valuation as of December 31, ...
March 09, 2022
Govt has to balance workers' demands with economic reality, says LaRoda
Amid an ongoing impasse in negotiations between the National Insurance Board (NIB) and the Public Managers Union (PMU), Minister of State in the Office of the Prime Minister Myles LaRoda said yesterday that the government has to balance the workers' demands with the economic reality in The Bahamas. On Monday, the PMU, which represents NIB ...
The post Govt has to balance workers' demands with econ...
June 07, 2022
LaRoda says NIB rate increase cannot be 'circumvented'
While acknowledging that the Davis administration has decided not to deal with the issue of increasing the National Insurance Board (NIB) contribution rate at this time, Minister of State in the Office of the Prime Minister Myles LaRoda, who pointed to several other reform options for the fund...
May 12, 2022
LaRoda meets with State Partners Rhode Island National Guard ahead of Hurricane Season
Officials from the Rhode Island National Guard (R.I.N.G.) paid a Courtesy Call on Minister of State in the Office of the Prime Minister with responsibility for Disaster Preparedness and Emergency Response, the Hon. Myles K. LaRoda, Tuesday (May 10), in continuation of the partnership between R.I.N.G. and The Bahamas.
The Rhode Island/Bahamas State Partnership was established in 2005 through the...
LaRoda: Brace for busy hurricane season
May 02, 2022
LaRoda: Brace for busy hurricane season
Ahead of the 2022 hurricane season, Minister of State in the Office of the Prime Minister Myles LaRoda yesterday warned residents to brace for an active season. "Residents are encouraged to be ready and stay ready no matter the forecast," he said during a church service kicking off Disaster Preparedness Month at Zion Baptist Church ...
The post LaRoda: Brace for busy hurricane season appeared firs...
April 13, 2022
GET READY TO PAY UP FOR NIB: Laroda says rates will likely increase within next year
MYLES Laroda, the minister of state with responsibility for the National Insurance Board, says he anticipates that NIB contribution rates will increase within the next year given the unsustainability of the social agency's fund.
April 12, 2022
NIB FUND 'RUNS OUT IN 6 YEARS': Laroda says report warns depletion rate has increased
A NEW actuarial review of the National Insurance Board has predicted that the fund could be depleted by 2028 should officials neglect to take urgent action.
LaRoda: DRA never paid employees' NIB
March 18, 2022
LaRoda: DRA never paid employees' NIB
Minister of State in the Office of the Prime Minister Myles LaRoda said yesterday that since its inception, the Disaster Reconstruction Authority (DRA) has not paid any National Insurance Board (NIB) contributions for its employees. "What is also concerning is that at December 2021, the DRA owed NIB $168,793.89," LaRoda said in Parliament. "There were ...
The post LaRoda: DRA never paid employees'...
$14M SPENT 'WITHOUT DUE DILIGENCE' AT DRA: Laroda claim adds to allegations about Minnis administration
March 18, 2022
$14M SPENT 'WITHOUT DUE DILIGENCE' AT DRA: Laroda claim adds to allegations about Minnis administration
THE Disaster Reconstruction Authority spent $14m "without due diligence" under the Minnis administration for debris management, a government official said.
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