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$60m paid out to 34,000 unemployed

THE National Insurance Board has now paid over 34,000 unemployment benefit claimants more than $60 million in benefits.

This number continues to grow daily, NIB said in a statement.

"Most recipients have received eight to ten weeks of benefit, as NIB prepares to process payments up to the 13 weeks maximum over the next week for many recipients," the agency said.

"However, NIB has found a number of cases where the benefit has been suspended automatically in the system, pending manual verifications of continued unemployment or because contributions continued to be paid by the employer following the lay off dates. In many cases, the contributions had been paid in error and the benefit payments will be allowed to proceed."

To address these matters, NIB said it has been working closely with its IT vendor to make the necessary changes which are expected to be resolved by the end of this week.

NIB said the unemployment benefit is paid at the rate of 50 percent of the average insured wages for a period of up to 13 weeks. The maximum unemployment weekly benefit is therefore $335 per week, that is 50 percent of wage ceiling of $670.

The wage ceiling is adjusted biennially to keep pace with inflation, NIB said, adding it has fielded a number of complaints from customers in this regard.

People are only eligible for the unemployment benefit (UEB) if they have at least 52 contributions filed with NIB, and meet the contribution criteria. Customers are ineligible for the unemployment benefit if they are age 65 years or older.

"NIB has noted the increase in complaints with respect to unemployment payments and advises that a team has been established to review each complaint received and to advise the customer accordingly," the agency said.

Comments

TalRussell 4 years, 5 months ago

Maybe Guardian's 96.9 popoulaces talkies show The Revolution with Comrade Juan presenting in the 12 PM to 2 PM timeslot, would've benefited before him spoke earlier today whilst dismissing all critics calling into the show who responded negatively to Juan's adamantly supporting how the central government went about in approving and orcharstrewd the parachuting of the 135 Mexican workers into Abaco. Nod Once for Yeah, Twice for No?

Godson 4 years, 5 months ago

You all didn't want to pay the baker, so you pay the undertaker!

A loaf of bread was cheap heh?

tribanon 4 years, 5 months ago

And just think for a moment how much of the $60 million in benefits paid out thus far by NIB went to persons not entiltled to receive any benefits by virtue of themselves and/or their employers never having made any contributions to the NIB fund. Those who dutifully contributed over the years are now likely to never see a penny when they retire. What a joke!

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