News

News

NIB Pays First Tranche of Government UEA Payments

NIB Pays First Tranche of Government UEA Payments

4/5/2020 5:08:42 PM
April 6, 2020

The National Insurance Board (NIB) is pleased to advise that it has made the first tranche of payments on Friday, 3rd April, 2020 to recipients of the Government Unemployment Assistance Programme for self-employed persons in the tourism sector impacted by the COVID-19 shutdown in the amount of $555,893.66.

Payments in the amount of $440,006.20 were made to 1,192 people via Direct Deposit. Additionally, cheques were being run for 302 people totally $115,887.46. NIB advised that where the recipient is in receipt of a pension, the weekly amount is deducted so that no more than $200 per week is paid to the individual for income support.

As at Thursday, 2nd April, 2020 NIB had received some 2,666 applications for the programme, 1,494 were approved and 943 were denied due to insufficient documentation. The remainder is still being processed. The majority of applicants supplied banking details to facilitate direct deposit payments. Persons who have had their applications denied, can reapply by attaching the necessary documents to the email notification received and their applications can be reconsidered.

On Tuesday, 7th April, 2020 NIB will open its application process to other self-employed persons outside of the tourism sector who were impacted by the mandated shut down. These persons will need to be registered with NIB and have a valid Business Licence.

NIB’s Director, Dr. Nicola Virgill-Rolle, and the Acting Financial Secretary, Mr. Marlon Johnson, thanked NIB’s staff for developing the new system in such a short time and for working to quickly adjudicate claims for this new special assistance programme.

_________________________________

To apply for the Government Unemployment Assistance Programme for Self-Employed Persons impacted by COVID-19 in the tourism sector and by the Emergency Orders, visit https://uebrelief.nib-bahamas.com /selfemployed-form to apply online.

For more information regarding NIB benefits and the Special Government Assistance Programme, visit the NIB website under COVID-19 Updates link: www.nib-bahamas.com/NIB-BAHAMAS-COVID-19-Alerts.

Media Contact| Tonique Williams, Manager, Public Relations | tonique.williams@nib-bahamas.com


Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
VIDEO - NIB Unsung Hero Lawrencine Knowles
VIDEO - NIB Unsung Hero Lawrencine Knowles
1/25/2021 5:06:02 PM
The National Insurance Board salutes unsung hero Lawrencine Knowles.
VIDEO - NIB Unsung Heroes Chairman Troy Smith
VIDEO - NIB Unsung Heroes Chairman Troy Smith
1/25/2021 3:35:17 PM
NIB Chairman Troy Smith salutes the unsung heroes of the National Insurance Board.
NIB Launches Training Course for Claims Officer Hopefuls
NIB Launches Training Course for Claims Officer Hopefuls
1/13/2021 12:25:20 PM
January 13, 2021 - NIB has launched an 8-week training programme for external candidates who were selected for the 2021 Claims Officer training programme. Over the next 8 weeks, the candidates, who come from diverse career backgrounds, will learn the National Insurance legislation, claims processing, mathematics techniques and the NIB computer system. The competitive course features a number of examinations, which must be passed in order to be chosen for the available slots for claims officers. The candidates will be exposed to the claims processes for both long-term (i.e. retirement, invalidity, disablement and survivors) and short-term (i.e. unemployment, industrial, maternity, funeral and sickness) benefits and assistances. At the opening session, NIB Director, Dr. Nicola Virgill-Rolle wished the candidates every success in this course.
PRESS STATEMENT: NIB EXTENDS PENSION VERIFICATION GRACE PERIOD
PRESS STATEMENT: NIB EXTENDS PENSION VERIFICATION GRACE PERIOD
1/12/2021 3:42:09 PM
The National Insurance Board is pleased to advise that approval has been granted to extend the grace period for long-term benefits and assistances verification as follows:
Pension Payment Schedule 2021
Pension Payment Schedule 2021
1/7/2021 10:53:56 AM
Pension Payment Schedule 2021
Press Statement - Recipients of Long Term (Pension) Benefits Urged to Verify for Benefit Continuation
Press Statement - Recipients of Long Term (Pension) Benefits Urged to Verify for Benefit Continuation
12/21/2020 9:15:00 AM
The National Insurance Board wishes to advise the public that all persons eligible for long-term or pension benefits who have not verified within the last 6 months... READ MORE...