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 Officials Conduct Site Visit
8/27/2018 2:35:35 PM
Officials from the National Insurance Board recently conducted a site inspection of the proposed Ministry of National Security Building on John F. Kennedy Drive
NIB Welcomes New Chairman
NIB Welcomes New Chairman
8/23/2018 9:30:33 AM
Mr. Troy Smith, FLMI, HIA, has been appointed as Chairman of The National Insurance Board with effect from July 1, 2018. Mr. Smith has 29 years experience in the Life, Health, Disability and Annuity Insurance Industry, having served
Biennial Adjustments 2018
Biennial Adjustments 2018
7/11/2018 3:44:26 PM
The National Insurance Board advises recipients of Long-Term Benefits and Assistances that the 2018 increases to pensions will be paid in October. The increases (of up to 1.2%) will be paid retroactive to July of this year.
Biennial Rate Increases
Biennial Rate Increases
5/15/2018 11:40:20 AM
The amendments made to the National Insurance Act in 2010 introduced automatic biennial adjustments to pensions, grants and the wage ceiling. The adjustment to pensions and grants is based on the change in the retail price index in the two previous calendar years prior to the adjustment year.
NIB Registration and Contribution Status Letters
NIB Registration and Contribution Status Letters
2/2/2018 8:21:57 AM
As a part of the government’s “Ease of Doing Business” initiative, the National Insurance Board (NIB) is pleased to advise of upcoming changes in the application process for business registration and contribution status letters (letters of good standing).
NIB Salutes Retirees & Long Service Awardees
NIB Salutes Retirees & Long Service Awardees
11/22/2017 11:06:37 AM
The National Insurance Board salutes its retirees and long service awardees for their 10, 20, 25, 30 and 35 years of service...