SSB Filled With Political Hacks That is why SSB bruk!


On Tuesday June 18, 2019, Belize witnessed the Young-Singh SSB press conference in a helter-skelter reaction to the PUP press release which called out the Social Security board and the UDP for playing petty politics with the lives of Belizean workers. The workers have the SSB in their cross hairs so the Chief Executive Officer, Colin Young and the Chairman, Doug Singh, tried to zigzag away from the idea that they goofed BIG time. The press conference was like the Husband and Wife game show—full of inconsistent answering. This motley couple alone failed at convincing anyone including the stark-eyed Superman in the building.

My apologies if the story seemed to go off into a tangent but that felt like the theme of the presser. Many point(s) were missed, let us begin: the tendering of their apology to the nation for dragging their politics too long and ignoring actuary Montas for so long, was definitely missed.

Another point they missed was that to make their apology credible it would come attached to a letter of resignation. This would be a welcome change. Lately, the people of Belize have been waiting for many a resignation from this government’s administration much to our chagrin.

The bumbling stumbling duo in a ‘it wasn’t me’ moment mumbled that they could not do any investment unless it is passed to them by the investment committee. Wait for it…the chair of that powerful committee is Net Vasquez. This Belizean seems to be the Chair of Everything; it could remind us of the Minister of Everything—and who would that be? Mr. Vasquez resigns himself to spreading himself so thin and now at the expense of the workers.

These SSB experts in the art of mendacity, or maybe simply being forgetful, crawled way out on a rotten limb in an attempt to grasp the last mango. ‘The PUP were told months ago’, they pleaded to the nation. Therein another point they missed, deliberately or not, was that their hapless visit to the PUP party leader was a photo op. No rate change was presented to the PUP: this today is the super crux of this SSB matter as they have their priorities wrong. They are accountable to the workers and NOT Barrow’s UDP. Why try to hide behind a couple of photos with the opposition? It lack logic.

If Barrows UDP is their real stimulus, then the board have used up all their chips. Being obsequious to money and then mal-administering it is a bad combination of ingredients to this recipe. Investing should always be done with educated savvy and always with advantage-workers and NEVER advantage-investor. The SSB has been scheming with the wrong partner(s).

Your 1000 dollars a meeting per board member is a gross insult to workers—the  real bosses—who SSB should be beholden to. Hate to sound Trumpian but Belizeans are shouting now, ‘YOU ARE FIRED!’


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