NIC Says Economic Relief Payments Have Passed $20 Million

Press Release:- The National Insurance Corporation (NIC) today announced payment for income support under the Economic Relief Programme has exceed $20 million dollars. 

As of Thursday, 9th July, the NIC has: 

  • Processed a total of 26,695 applications.
  • Paid $20,053,067.60 million to qualifying applicants for the months of April and May.
  • Paid all the applications for April and May which had completed information. However, we have a number of applications on query which we are actively engaged in resolving.

The backlog of queried claims has been reduced to 517, which is 1.97 % of total applications processed to date.

This represents a significant reduction since the initial batch of 4,777 which formed 47.76 % of the flood of applications for income support at the start of the Economic Relief Programme in April.

How fast an applicant gets paid under the ERP for a particular month depends on the following critical elements:

  1. Accuracy of the information provided by the employee on the ERP E-form
  2. The timing of filing the application (e.g. filing for April in June) and
  3. The employer uploading relevant employee information via the Employer Portal on a timely basis. 

Although the NIC has made over 20,000 payments, some applicants would have experienced considerable delays as a result of incomplete or inaccurate information relating to their applications.

The NIC took the decision to process applications for the months of April and May 2020 and make payments to these applicants in the absence of upload by some employers in order to expedite payments to these applicants because:

  1. Some of these applications had remained unpaid for too long
  2. The information was too slow in coming from some employers
  3. The NIC empathized with the applicant and understood the challenges confronting them.
  4. The NIC could reasonably assume that persons were not in employment for that period. 

 However, the NIC is aware that most employees outside the tourism sector have returned to work during the month of June and it would be contrary to the spirit and intent of the program to pay the Economic Relief support to persons in receipt of a salary.

The NIC is also aware that some Employers are either reluctant or unwilling to send in/upload the information necessary for the NIC to ascertain the employment status of the applicant.

Reluctantly, because of this, the NIC will only be processing payments for the month of June for applicants whose employers have provided the information required by the NIC. 

In such cases, applicants should expect at a minimum, to wait a long time before receiving any payment from the NIC. 

Some employers have uploaded information for June, so we have already commenced making payments for that period. 

Again, Employers are reminded of the need to return to the portal to update the NIC on the current employment status of their employees.

 

6 COMMENTS

  1. Go to hell with yall lies so many people saying they haven’t gotten their monies yall saying $20 mill payout who cares

  2. Fool who you want to fool it’s IMF Monies that’s kicking in funds has been deposit in NIC Coffer they had no money after Dear Allen took that US $43 million to give to the Canadian Investor for the golf course fool whosoever will buy it; and at the end of the day THIS WAS A NATIONAL DISGRACE….yu’ll don’t hold yull breath for June it September yu’ll getting that.

  3. ******* these people Talking about .Taxi Drivers Submitted all their Information through their Co.operative on line .We were given a Deadline and up to this present date not a Dime from the Nic.No one have given an update as to when we will Receive that Monies .I have paid Nic for 33years .Papisho and lies from the Nic office .Making people Believe they ******* pay everyone already

  4. Well some people at NIC and elsewhere must have found a way to launder and steal all that money. Lucians barely receive any money from NIC. Look another big government scandal will come out of that you watch. we will call MILLIONS in NIC MONEY GONE!

  5. NIC is trying their best to pay as little monies as possible. Before each payment employers must update the portal to prove that their employees have not yet returned to work. Which means, once you return to work that’s it, no more money for you from NIC. Gov’t promised to pay for 3 months from the beginning. We are already in July, why not just pay up – and for the next 3 months starting July employers can update the portal. After all 50% of salary we are receiving and this cannot go very far, but no! you at NIC is trying your best to suppress us.
    As for the vendors, barbers, taxi drivers and other sole traders have gone back to work and will still be getting 3 months payment from government. Is this fair? The non- contributors are getting $500 for 3 months from Gov’t even though they have gone back to work and we the NIC contributors are getting a difference in payment or non at all if we have gone back to work. I will never understand how this system works. Never.

  6. NIC stop that crap with 20 million being paid and up to now I cannot get pay for May and June some of my employees has gotten something for May.We are in july, every time you call NIC it’s in progress also ask is there a problem with the form or my employer noo. So what the hell is going on with the process that’s taking so long.
    Is NIC running out of monies that’s y you can’t pay what you promise.
    TO BE HONEST I GIVE UP ON NIC .
    AND THSTS EHST THEY WANT

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