During the period March 23, 2020 to October 16, 2020 the National Insurance Scheme (NIS) paid $123.2 million to 32,003 unemployment benefit claimants.
Acting Director of the NIS, Jennifer Hunte confirmed the following unemployment benefit payments update:
| UNEMPLOYMENT BENEFIT PAYMENTS | ||||
| Year | 2020 | 2019 | 2018 | 2017 |
| Period | Mar 23 – October 16 | Jan – Dec | Jan – Dec | Jan – Dec |
| Payments Made | $123.2 million | $49.3 million | $38.1 million | $32.8 million |
The National Insurance Scheme (NIS) has secured the permission of the Central Bank of Barbados (CBB) to acquire US$40 million to invest in international markets
Ministerial Statement on the Revitalisation of the National Insurance Scheme by Hon. Colin E. Jordan, M.P., Minister of Labour, Social Security and the Third Sector
When submitting December earning schedules and payments, please change the year to 2022.
NIS Earnings CeilingThe National Insurance Office advises employers, employees and self-employedpersons that effective 1 st January 2023, the maximum insurable earnings formonthly paid workers will
