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.
The Ministry of the Public Service has advised that the form may be accessed on all government websites. Persons may click here to complete the Barbados Optional Savings Scheme form.
In order to complete this form, it will be necessary to know your net salary. To obtain this information, please click on this link. However, if you are unable to obtain this information from the link, please contact your Accounts section.
To download your ministry, department or agency’s verification email address, please click on this link.
To view the help guides for the completion of the Barbados Optional Savings Scheme Form, you may also click here.
In addition, the form will be shared through e-mail blasts from the Ministry of Innovation, Science and Smart Technology to those officers who have a government-issued email, managed by that Ministry.
E-mail blasts will also be sent by the Information Systems Unit of the Treasury Department and the Ministry of Finance and Economic Affairs, to those officers who are on their email platform.
The Ministry has further advised that public officers should contact their Accounts Section if they are unable to access the form.
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.
The Barbados Optional Savings Scheme (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.