Guyanese should brace themselves for a bombshell announcement as the ripple effect of Colonial Life Insurance Company (CLICO) Guyana continues to take hold on Guyana.This is according to Leader of the Alliance for Change (AFC),Wholesale Jerseys, Raphael Trotman, who pointed out that there have already been hints that the National Insurance Scheme will have to raise its contribution rate.He said that the expenditure of the scheme is already in excess of the contributions. Also, with the company being dependent on returns from the investment in CLICO, that have now become impaired,Cheap NFL Jerseys 2017, a lot of pressure will be put on the scheme.According to the AFC leader, even if the more than $6B were to be recouped, the fact that its expenditure far outweighs contributions was not healthy for the company.As it relates to CLICO he pointed out that the relevant persons making pronouncements must start telling the truth about the true state of affairs and cease making half-baked statements.According to the 2007 Annual Report for the National Insurance Scheme,China NFL Jerseys, the viability of the scheme is dependent on its investment returns given that its expenditure is greater than its income from contributions.The audited report states that for 2007 its total contributions were some $8.6 billion whilst the total expenditure was some $8.57 billion,Cheap Jerseys From China, a difference of $516.4 million.The figures indicate that without the returns on investment of some $1.5 billion, the company would be operating at a huge deficit.This was the same trend in the previous year where the total expenditure, $7.6 billion, had to be cushioned by returns on investment of $1.3 billion, given that the total income from contributions was $7.5 billion.The situation was not as dire in 2005 when the difference between expenditure and income from contributions was in the vicinity of some $200M.A worrying situation still remains in that the fate of the $6B of NIS money invested in Colonial Life Insurance Company (CLICO) is still unclear. This is so, given that Guyana is now exhausting every avenue to recover the money.Guyana has since located its records of an investment trail in CLICO (Bahamas) and this has since been sent to that country to assist in the tracking of their records.Head of State, Bharrat Jagdeo, had told media operatives that the company,Cheap China Jerseys, CLICO Guyana, can guarantee all claims whether these are medically related or vehicular.Jagdeo had said that if someone were to seek medical now,NFL Jerseys Outlet, had a fire or had a vehicle accident, and his premiums are up to date, then the claim would be processed as normal.“So persons are to continue paying premiums regardless of what they are seeing. Even the cheques that are in limbo and many people who have received these cheques and are waiting just give us a few days more to go through that issue. But know that the money will not be lost…”He pointed out that there is no need for the public ‘fuss’ that is being made about the NIS funds.