| Bahamas Public Services Union President John Pinder said the union will be “proactive” in formulating a draft for negotiations for increased pay for union members in time for the government’s tabling of its recently completed petroleum legislation. Pinder said after “agitating for some time” to have the government consider a “sovereign trust fund,” the BPSU will be in a position to go after trying to get “some more revenue and more increases” for its members when the legislation is tabled in Parliament next month.
His comments came after Environment and Housing Minister Kenred Dorsett said on Wednesday that legislation to govern oil exploration will also include the framework for a “sovereign wealth fund” that would benefit the nation in case commercially viable quantities of oil are discovered...............................................Full Article: Source
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