The Public Worker Option Form for the Barbados Optional Savings Scheme (BOSS) is now available for completion by public workers whose net monthly pay is $3,000 and above. BOSS is aimed at providing public sector workers with a savings/investment opportunity.
It offers them an opportunity to take a portion of their salary in bonds, while receiving a five per cent interest rate per annum, to be paid semi-annually, with no withholding tax on the money earned.
The completed form must be returned to the Accounts Section of the officer’s respective ministry, department or agency by this Friday, June 26. Public officers may call 536-2677 for assistance in completing the form.