Early encashment of pension vouchers

jamaijaca finance minister

The Ministry of Labour and Social Security is advising National Insurance Scheme (NIS) pensioners that they will find a way to encash, at the time of Thursday, September 3, all retirement vouchers together with payable dates of September 20 20.

The early encashment is available only in post offices.

The National Commercial Bank (NCB) has proposed that it will no longer encash pension arrangement vouchers.

Manager of National Insurance at the Ministry, Portia Magnus, told JIS News that in light of NCB’s decision to discontinue retirement vouchers encashment, the Ministry is looking at alternative payment alternatives to NIS pensioners.

Meanwhile, she is encouraging pensioners to join with the NIS’s Immediate Deposit Payment program. This enables NIS pensions to be deposited directly to their bank account.

The NIS Direct Deposit Information Form is available at the Ministry’s parish offices. The shape could also be downloaded from the Ministry’s website, mlss.gov.jm.

To find out more, persons can contact the NIS office in -LRB-876-RRB- 929-7177 or perhaps the Ministry of Labour and Social Security (Social Security Division) -LRB-876-RRB- 922-8000-13, -LRB-888-RRB- 991-2089 (Toll Free) or email mlssprunit@gmail.com.

The ancient encashment of coupons initiative is set to continue until December 20 20, as a portion of their Ministry’s efforts to make certain that pensioners have access to their benefits through the COVID-19 crisis.

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