Opposition to the use of NIC funds to build a golf course.

Opposition to the use of NIC funds to build a golf course.

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T. Nigel Toussaint started this petition to National Insurance Corporation

The citizens of St Lucia who pay into the NIC fund toward their retirement strongly opposes the use of their retirement funds for the construction of a golf course in St Lucia. A golf course is not the kind of investment contemplated by any legislation that authorizes the NIC to invest pensioners's money. The citizens believe that this kind of investment is abusive and far too risky and will not provide sufficient revenue to allow the loan to be serviced. The signatures to this petition are meant to be used to convince the NIC that we are not in favor of such an investment. 

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