News

News

NIB PAYS 32 THOUSAND APPLICANTS FOR UNEMPLOYMENT BENEFITS AND ASSISTANCE

NIB PAYS 32 THOUSAND APPLICANTS FOR UNEMPLOYMENT BENEFITS AND ASSISTANCE

5/19/2020 4:53:35 PM
The National Insurance Board is pleased to advise the status of Unemployment Benefit and Unemployment Assistance Payments as of Friday 15th May, 2020.

Covid-19 related Unemployment Benefit (UEB) payments now stand at 26,185 claimants paid, for a total payout of $28.7 million. Through the cooperation of employers, NIB has been provided with recent C10 forms for thousands of outstanding claims, which will be processed using an expedited approach. NIB has also been granted approval to pay claims where there is a reasonable expectation that the claimants would meet the necessary eligibility requirement. NIB will utilize digital payments (i.e. direct bank deposit or digital vouchers) to facilitate quick payment to claimants.

There are, however, some claims for which recent contribution information is not available, and further follow up with the employer is necessary before claims can proceed. Employers are again urged to supply the necessary C10 forms using NIB’s official MS Excel format to support the claims. The MS Excel file format, found on the NIB’s website, allows for easy uploading of contribution information to the insurance administration system.

With respect to the Government Unemployment Assistance (UEA) Programme, NIB has now completed $6.2 million in payments to 6,105 recipients. NIB notes the considerable slow down in applications for this programme over the last few weeks. As the economy reopens, self employed recipients are urged to notify NIB of their return to work.

NIB’s system, operations and processes have been stretched over the past weeks to deal with the unprecedented level of unemployment applications, while addressing ongoing claims for other benefits, such as maternity and sickness. However, given the new streamlined approach and innovations to its payment processes towards digital solutions, NIB anticipates concluding the remaining claims in the shortest possible time in a safe and efficient manner.

NIB thanks the public for its patience during this crisis.

_________________________________

For more information regarding NIB visit our website at: www.nib-bahamas.com or our Facebook page. Media Contact:| Tonique Williams, Manager, Public Relations | tonique.williams@nib-bahamas.com

-END-

Click here to view the Press Statement.
Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
Holiday Office Hours
Holiday Office Hours
12/23/2022 10:04:54 AM
Season's greetings from the Staff and Management of the National insurance Board. Our holiday office hours are as follows;
NIB Partners with The Salvation Army Annual Red Kettle Bell Fundraiser
NIB Partners with The Salvation Army Annual Red Kettle Bell Fundraiser
12/19/2022 12:52:00 PM
At NIB our Corporate Mission is to provide assistance to those in need. This holiday season, the staff at NIB partnered with The Salvation Army's "Love Beyond Christmas".....
BTC Business INKNOWVATION
BTC Business INKNOWVATION
11/3/2022 10:24:17 AM
Employers attending the BTC Business INKNOWVATION Work Smarter, Not Harder Small Business Conference....
Over 3200 Employers Have Signed up for the Employers Self Service Portal
Over 3200 Employers Have Signed up for the Employers Self Service Portal
10/26/2022 3:11:56 PM
Over 3200 Employers have signed up for the Employers Self Service Portal...
NIB/BTC Business INKNOWVATION
NIB/BTC Business INKNOWVATION
10/24/2022 7:30:31 PM
The National Insurance Board will be a presenter at the BTC Business INKNOWVATION Small Business Conference on Friday October 28, 2022 at the Grand Hyatt, Baha Mar Resort, Nassau, Bahamas. Small businesses in attendance will have an exciting opportunity to hear about NIB’s innovative Employer Self Service (ESS) portal, designed to help employers Work Smarter, Not Harder. The ESS portal provides employers with an essential tool that makes submitting monthly Contributions Statements and payments fast and easy. Small businesses can learn about the benefits of using the Employer Self Service (ESS) portal, request a Live demonstration and sign-up on-site.
NIB celebrates its 48th Anniversary
NIB celebrates its 48th Anniversary
10/24/2022 3:56:08 PM
NIB celebrated its 48th Anniversary with a Customer Appreciation Day on October 7th, 2022.