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NIB Partners With Suncash to Pay Government Assistance For Self-Employed

NIB Partners With Suncash to Pay Government Assistance For Self-Employed

4/14/2020 11:06:41 AM
The National Insurance Board has partnered with SunCash, a regulated Supervised Financial Institution, Non-Bank Money Transmission Service Provider, to provide innovative, safe and timely payment option(s) to persons in the Government Unemployment Assistance Programme, who have not provided NIB with current or correct banking information during the application process. For customers using this service, there is no need to visit NIB’s offices. Your funds will be received safely via NIB-issued SunCash voucher that can be redeemed at a SunCash Store or applied to the SunCash mobile wallet via the APP. Once issued by NIB, in both instances funds will be available same day to you.

This partnership marks an important move by NIB to deliver digital payment options to its customers, as cheques have become increasingly more difficult as a reliable payment method – particularly in the time of COVID 19.

Those who are receiving payments through Sun Cash may contact Sun Cash via customer service (393-4778) or toll free 242-300-4SUN or Whats App at 829-9837 or 829,9838 or via e-mail at customerservice@mysuncash.com or NIBsuncash@mysuncash.com if necessary to set up the Sun Cash app or to redeem the digital voucher. As of this evening, Sun Cash will begin onboarding and processing your payments which will be available beginning Tuesday 14th April, 2020.

For those who have opted to receive a cheque payment, cheques will be available beginning at 1pm on Friday 17th April, 2020 from the appropriate NIB Office. A collection schedule will be issued to ensure appropriate social distancing.

Relevant customers have received email notifications via the email addresses they provided in their applications.






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On September 2, 2009, Prime Minister the Right Honourable Hubert Ingraham, tabled in the House of Assembly the report of the 8th Actuarial Review of the National Insurance Fund, which was completed and formally presented to Government in 2008. The Report, which covers a review period from January 2002 to December 2006, gives a comprehensive assessment of the current and future finances of the National Insurance Fund, and reviews the state of the country’s primary social security system from a social standpoint, assessing the adequacy and relevance of the level of benefits now offered. The Review, like all others prior to it, makes recommendations designed to strengthen both the social and financial aspects of the Fund to ensure that National Insurance is able to meet its obligations well into the future. It takes a historical look at past trends and experiences as well as makes financial forecasts for the future. Demographic and financial projections up to 2066 have been presented.
A “business person in Fox Hill” suggested in a letter to the Editor (What’s Going on at NIB? – Tribune 23/09), that with the recent move of Inspectors from the National Insurance Board’s Fox Hill Local Office to its Jumbey Village Local Office in the Clifford Darling Complex, the Board’s operations in Fox Hill will close down. According to Greg Collie, Senior Manager for Compliance with responsibility for the Inspectorate, nothing could be further from the truth. He said the Fox Hill Local Office is not closing down.
Response to Tribune article
4/9/2009 12:00:00 AM
Derek Osborne, Consultant Actuary at the National Insurance Board is advising the public that though the 8th Actuarial Review of the National Insurance Fund, which includes long-term projections of the Fund and recommendations aimed at enhancing the Fund’s long-term sustainability as well as its ongoing relevance, has been completed, it has not yet been tabled in Parliament as is required by law.
Algernon Cargill, Director of the National Insurance Board (NIB) is responding to a Tribune article (March 12, 2009) that suggested that members of the business community are in a state of “enormous consternation” over the Board’s current and ongoing process of updating its contribution records. Though NIB has addressed this issue in the recent past, the NIB Director wishes to say once again that the Board is obligated by the National Insurance Act to ensure that all employers have paid the amount of contributions due for each employee for each month, and that contributions submitted are accurately posted or deposited to the accounts of the appropriate employees.
NIB Compliance Press Release
3/11/2009 12:00:00 AM
As was reported in the local media recently, the National Insurance Board (NIB) is increasing its review of the contribution accounts of delinquent employers and self-employed persons in order to ensure compliance with the National Insurance Act (the Act).
The National Insurance Board
3/2/2009 12:00:00 AM
As of March 2, 2009, all claims submitted for short-term benefits by employed persons (i.e., persons who have bosses) must be accompanied by an Employers Certification form (Med 4). The new Med 4 form is a single- sheet addition to the Med 1, Med 1A and Med 2 forms. It requires the employer to certify that an employee is/was/will be off from work for the period stated.