King Says COVID-19 Presents Case For New Architecture In Social Coverage

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Labour Minister Stephenson King says the COVID-19 pandemic has presented what he described as a perfect case for being able to restructure and create a new architecture in social coverage and social insurance.

King questioned whether the National Insurance Corporation (NIC) is adequate to deal with such a situation.

He disclosed that various stakeholders will meet in the next few weeks to make adjustments to the labour code.

But the former Prime Minister told HTS News that what is currently required are not mere adjustments to the code.

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He noted the need for other pieces of legislation and institutions like the NIC

“What was done with the income support and  the programme introduced by the NIC which called for a certain measure of  amendment, it means that we have to look even deeper and wider at the NIC and to decide whether it should remain as merely a provident  fund or a pension fund and  to look at unemployment benefits, loss of income and other such benefits which are unpredicted, unforeseen and can certainly plummet any individual, any family into a quagmire of  social deprivation and poverty,” the minister said.

“So it is really one that we need to look at going down the road,” King observed.

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Editorial Staff
Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.

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