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 Attends Atlantis “Fall 4 Wellness” Fair
NIB Attends Atlantis “Fall 4 Wellness” Fair
11/7/2023 1:59:43 PM
Wednesday November 1st, 2023, from 10:00am-4:00pm, it was a power-packed time at the Atlantis Employee Health and Wellness Fair under the theme: "Fall 4 Wellness! The fair focused on four key areas: (1) Mental, (2) Physical, (3) Financial and (4) Social Well-being Matters". NIB was excited to partner with Atlantis as we encouraged hundreds of their employees to be informed as it relates to NIB's social security programme. On-site participants were able to be informed about:
NIB and Yamacraw Constituency Leaders Insist “Knowledge is Key”
NIB and Yamacraw Constituency Leaders Insist “Knowledge is Key”
10/31/2023 10:26:56 PM
Saturday October 28, 2023 - In a powerful display of community engagement, the National Insurance Board took a spirited stride towards supporting breast cancer awareness.....
NIB Leads BTC’s Inknowvation “Business Need to Know” Panel Discussion
NIB Leads BTC’s Inknowvation “Business Need to Know” Panel Discussion
10/26/2023 9:32:09 PM
The National Insurance Board (NIB) is partnering with BTC’s InKnovation Master Class, this evening from 6pm-8pm, at Fusion Superplex....
Freeport Local Office Customer Appreciation Day Kicks Off NIB’s Road to 50th Anniversary Events
Freeport Local Office Customer Appreciation Day Kicks Off NIB’s Road to 50th Anniversary Events
10/18/2023 10:55:54 PM
October 2, 2023 - The National Insurance Board (NIB) kicks off its 49th Anniversary celebrations with a Customer Appreciation day held at the sub-office in Freeport.....
NIB Family Attends 49th Anniversary Service of Praise and Thanksgiving
NIB Family Attends 49th Anniversary Service of Praise and Thanksgiving
10/11/2023 6:30:24 AM
Sunday October 8, 2023 - The National Insurance Board (NIB) had a glorious time in praise and worship, celebrating the organization’s 49th Anniversary at Southland Cathedral Global Ministries in New Providence.
NIB Celebrates 49th Anniversary – Looking Ahead to Golden Jubilee
NIB Celebrates 49th Anniversary – Looking Ahead to Golden Jubilee
10/10/2023 4:15:40 AM
Nassau, Bahamas - On October 6, 2023, the National Insurance Board (NIB) marked its 49th anniversary. Celebrations took place throughout the Bahamas, with the traditional Customer Service Day for its patrons and cake-cutting ceremonies at all local offices for staff. At the NIB Headquarters on Baillou Hill Road, both staff and retirees convened for the unveiling of "The Road to NIB's 50th Anniversary" theme and logo. This special launch featured the announcement of winners from an internal competition that sought the best theme and logo to commemorate the upcoming golden jubilee.