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
NAMING CEREMONY OF THE ORVILLE A. TURNQUEST BUILDING
NAMING CEREMONY OF THE ORVILLE A. TURNQUEST BUILDING
3/25/2021 11:29:56 AM
Board Members, along with senior officials of NIB attended a ceremony to name the National Security Building on John F. Kennedy Drive on Monday February 22, 2021.
VIDEO - NIB Unsung Hero - Tami Francis
VIDEO - NIB Unsung Hero - Tami Francis
2/12/2021 4:50:33 PM
The National Insurance Board salutes unsung hero Tami Francis.
VIDEO - NIB unsung Hero - Quincy Arthur
VIDEO - NIB unsung Hero - Quincy Arthur
2/11/2021 10:24:43 PM
The National Insurance Board salutes unsung hero Quincy Arthur.
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.