Some TT business owners share their Guyanese counterparts’ appetite for NIS contributor scams

It would appear that Guyana is by no means the only the only Caribbean Community (CARICOM) member country where persons employed in the private sector have the shock of their lives at particularly vulnerable moments upon discovering that huge chunks of National Insurance Scheme (NIS) deductions have ‘gone south’ insofar as amounts deducted from their salaries as contributions towards their pension schemes, are not paid in by their employers but have, instead, ended up, presumably, in the pockets of delinquent business owners who failed to properly route those deductions.

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