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NIS pension payments will now be paid along with Old Age Pension

Jun 23, 2023 News

Kaieteur News – From July 2023, the National Insurance Scheme (NIS) pension payments will be paid from the first working day of every month to align with Old Age Pension (OAP) payments, Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh has instructed.

This is in keeping with an announcement by President Irfaan Ali on Thursday.

Previously, NIS pension payments were made from the first Monday of every month.

According to the Department of Public Information (DPI), “This is part of Government’s broader agenda to improve, modernize and streamline its service-delivery to citizens.”

Other measures taken thus far by the administration have been the NIS Online Contribution Checking System (OCCS) which is expected to reduce the incidence of inaccuracies, the WhatsApp life certificate hotline, WhatsApp Queries Textbook Service and NIS Live Chat.

NIS payments are paid via the Guyana Post Office Corporation (GPOC), Commercial Banks and at NIS local offices countrywide and other payment options are currently being considered by Government.

Recently, Government expanded the payment options for OAP to include Mobile Money Guyana (MMG). This adds to the existing options of the Guyana Post Office Corporation (GPOC), MoneyGram, Western Union, Sure Pay and Commercial Banks.

“A priority of the Government when it assumed office in 2020 was to address the complaints received from contributors to the NIS with pending claims at the time amounting to 14,000 as at November 2020. In support of this effort, Government at Cabinet level undertook a series of nationwide outreach sessions that took the services of NIS to the citizens. Persons across the country have benefitted from these sessions, many of whom are in receipt of Old Age Pension after waiting for a number of years.  Of the 14,000 pending claims inherited in 2020, over 12,000 have been addressed,” the DPI said while noting that the government remains committed to improving the quality of service it provides to contributors and pensioners.

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