In other related developments, SPEAR is proceeding full speed ahead with its campaign to get more transparency from the Social Security Board. Tomorrow SPEAR will open its office, and have desks in Corozal and Punta Gorda to accept signatures for a petition to sent to the Prime Minister. The petition will call for, the dismissal of the Social Security Board of directors, its investment committee, and a review of social security's books.
And a review is what the board of directors of social security got today. A team from the Ministry of Finance presented all relevant documents and made a presentations explaining the various investments and exposures that Social Security has. Social Security public relations department also sent out an advisory, warning against ads in the newspaper, which urge Belizeans to stop paying their Social Security contributions because of mismanagement of the funds. Social Security's release warns "non-payment of contributions will have a negative impact on insured persons who make benefit claims." Of course, opponents argue that it will have a similar impact on questionable investments.