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
NIB ACTIVATES ORANGE ALERT STAGE IN COVID-19 BUSINESS CONTINUITY PLAN
NIB ACTIVATES ORANGE ALERT STAGE IN COVID-19 BUSINESS CONTINUITY PLAN
3/18/2020 9:39:31 AM
The National Insurance Board (NIB) has activated its Business Continuity Plan (BCP) to address potential business disruptions, which may come as a result of COVID-19. NIB has been in contact with the National Coordinating Committee to ensure that the necessary actions are consistent with the national response.
National Insurance and Coronavirus/COVID-19
National Insurance and Coronavirus/COVID-19
3/17/2020 2:11:22 PM
How National Insurance provides for workers when income is suspended due to the Coronavirus/COVID-19 pandemic
The National Insurance Board Statement on COVID-19
The National Insurance Board Statement on COVID-19
3/16/2020 10:00:00 AM
The National Insurance Board (NIB) has activated its Business Continuity Plan (BCP) to address the potential for business disruptions which may come as a result of COVID 19 and to ensure the safety and health of our staff and customers.NIB is in contact with the National
Drop Box Payment
Drop Box Payment
3/16/2020 10:00:00 AM
Employers can now take advantage of NIB’s drop box for contribution payments by cheque at NIB Headquarters, Baillou Hill Road; Carmichael Road local office and Cable Beach Post Office.
NIB CLARIFIES ITS SMART CARD RENEWAL PROCESS AND WEB SERVICES
NIB CLARIFIES ITS SMART CARD RENEWAL PROCESS AND WEB SERVICES
3/12/2020 8:40:44 AM
The National Insurance Board introduced a new renewal decal system in late 2019 to extend the life of the existing smart cards which at the time of issuance had a 5-year expiration, and in anticipation of changes to the card as part of the Strategic Plan to include a payment mechanism. The new approach resulted in reduced administrative expenses, which is a key priority of the Board.
Extended Unemployment Benefit to Assist Displaced Workers in Grand Bahama and Abaco
Extended Unemployment Benefit to Assist Displaced Workers in Grand Bahama and Abaco
2/27/2020 4:00:54 PM
The Government of The Bahamas has approved the extension of the Unemployment Benefit (UEB) to assist workers in Grand Bahama and Abaco who became unemployed as a result of Hurricane Dorian.