49 percent increase in survivor grants - NIS annual report

49 percent increase in survivor grants – NIS annual report

Apr 18, 2013 News

During the year 2011, survivors’ pension was awarded to some 848 persons by the National Insurance Scheme. This was according to the scheme’s 2011 annual report.
It was explained that the recipients included some 718 widows who had qualified because they were 45 years and over. A further award was given to 125 widows who had children of the deceased in their care. Five orphans were also given benefits.
Additionally, 41 awards of annuity payments were shared among 48 other dependents. The recipients were children of the deceased insured persons.
According to the report the age analysis of the recipients of the survivor’s pension shows that the ages of the widows who had children of the deceased in their care ranged from 22 to 62 years. The average age was 43 years.
It was further reported that age range of widows who were 45 years and over was 45 years to 95 years old. The ages of the orphans ranged from nine to 15 years old, the report stated.
According to the report, the widows who had children of the deceased in their care had 231 children among them. The ages of the children ranged from one year to 18 years and the average age was approximately 13 years.
It was further stated that the widows who qualified for the pension because they had children of the deceased in their care received an average monthly pension of $11,269. Widows who qualified because they were 45 years of age and over, received an average monthly pension of $10,107, while the orphans received an average monthly pension of $5,003.
In the area of survivor’s grant, some 73 were awarded during 2011. The awards were made in respect of 72 men and one woman who are deceased insured persons. The ages of the deceased ranged from 26 years to 75 years.
Additionally some 32 annuity payments were shared among other dependents of the deceased insured persons which include 28 children and four relatives. A total of 48 children were included in the benefits payment. Their ages ranged from two years to 18 years.
Further the amount paid out as grants ranged from $251,000 to $805,595. The average amount paid was $112,686. The report further stated that there was a 49 percent increase in survivor’s grants.

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49 percent increase in survivor grants – NIS annual report

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