Connect with us

TCI News

NIB unemployment pay approved in TCI parliament; for those terminated and laid off

Published

on

#Grand Turk, Turks and Caicos Islands – October 18, 2020 — Members of the House of Assembly have approved a temporary unemployment benefit to the tune of $4.2 million through the National Insurance Board and while it helps over 2,000 contributors it could hurt the NIB’s pension fund.

NIB Unemployment Benefit passed in TCI House of Assembly on October 13. Premier issued statement about the Covid-19 stimulus measure

The welcomed stop-gap measure will financially bolster the households of 2,200 contributors who continue to struggle to make ends meet after the coronavirus pandemic crashed travel and tourism; which is the Turks and Caicos Islands’ leading industry.

Advertisement

“In response to the significant increase in unemployment due to the impact of the COVID-19 pandemic on the economy, the National Insurance Board was engaged by the Premier and Minister of Finance, Investment and Trade to provide a resolve. The outcome of those discussions was a proposal to Cabinet, to establish and fund a temporary unemployment assistance benefit in the sum of $4.2 million. The National Insurance Board has approved $4.2 million for payout in unemployment benefits this year,” said Hon Sharlene Robinson, TCI Premier and Finance Minister in a statement on the historic vote at parliament.

But the concern is whether or not the NIB can afford this whopping, unexpected expense, though temporary.

In the 2018 National Audit Office (NAO) report for the Turks and Caicos Islands, it explained – long before COVID-19 – the National Insurance Board needed to significantly increase earnings now in order to fully finance the NIB’s pension scheme in future. 

“How is $362 million in unfunded pension liability going to be financed? This is a significant financial burden for the TCIG. In order to fund this liability, an additional $18 million per annum would have to be set aside at least for the next 20 years and possibly more in order to fund this unfunded portion. The other alternative would be some aspect of pension reform which has been recommended in the 8th Actuarial Report for NIB.” – Excerpt from the Executive Summary of the Audit Year Ended March 2018 report produced by the NAO.

The 8th Actuarial Report of the NIB recommended that pension reform was mandatory as the workforce contributor base is forecast to shrink by 15 per cent while pensioners will increase eight fold, from four percent to 24 per cent of the population.

The Minister of Finance explained this COVID-19 provision has been researched and will not terribly offset NIB’s solvency.

Rhesa Cartwright, New Director of TCI National Insurance Board

“The Turks and Caicos Islands Government requested its actuary to produce a feasibility paper on the introduction of an unemployment insurance provision to the Turks and Caicos Islands National Insurance System to which the Actuary concluded that an unemployment insurance programme seems feasible. It is the Actuary’s belief that adding the programme to the current TCI National Insurance System would have no significant impact on the financial sustainability of the system as it currently exists.”

Only those who have been terminated or laid-off are qualified for the financial help.  The beneficiaries would have made at least 250 contributions or five years of payments to NIB and will get 50 per cent of their previous weekly insurable wage.

It is projected the payments will last for eight weeks or until the fund runs out of cash.

The Premier commenting on the Bill stated, “The National Insurance (Amendment) Bill 2020 is a remarkable and important initiative that my Government is proud to have delivered to the people of these islands. We believe that there is no better time to roll out this programme than now – when our people are in urgent need of further support amidst this COVID-19 pandemic. The implementation of a permanent unemployment benefit has also been agreed for April 2022. I wish to thank the Ministry of Finance and the National Insurance Board who has worked hard to ensure that this programme is progressed to completion.”

At this time, the NIB Unemployment Benefit will not support contributors who are still employed but receiving only a percentage of pay, nor will it pay out to the self-employed category of contributor.

No date was given on the start of the unemployment payment plan by the NIB, which was approved in the House of Assembly on Tuesday October 13, 2020.

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

Bahamas News

Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

Published

on

Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

Continue Reading

News

BermudAir Launches New York Area’s First Nonstop Service to South Caicos, Now Just a 3.5 Hour Flight from Newark

Published

on

Twice-Weekly Nonstop Flights Begin December 20 with Fares from $347 One Way, Creating Direct Access to Salterra Resort & Spa

– New Route Expands BermudAir’s Winter Turks & Caicos Network –

 

[New York, NY – August 20, 2026]BermudAir, the leading premium leisure carrier to Bermuda and the Caribbean, today announced it will introduce nonstop flights to South Caicos from Newark this winter.  The route places one of the Caribbean’s most secluded island destinations just 3.5 hours from the New York area for the first time.

The new service starts on December 20, 2026, operating on Sundays and Thursdays, and will be the only nonstop service to the destination from the New York area.  This seasonal service will operate through April 25, 2027.  Fares start at $347 one way ($773 roundtrip) and go on sale today.

The new South Caicos route creates gives travelers two distinct luxury resort options, with direct access to Salterra, A Luxury Collection Resort & Spa, recently named the No. 1 resort in Turks and Caicos by Condé Nast Traveler.

Set across 85 beachfront acres with a 3,000-foot private white-sand beach, Salterra brings a full luxury resort experience to an island still defined by its historic salinas, pristine waters, bonefishing flats and uninhabited cays. Upon landing at South Caicos International Airport (XSC), guests are approximately 10 minutes from the resort.

While flights go on sale today, the airline’s BermudAir Holidays vacation-packaging division will offer curated travel to South Caicos from next month, featuring flights, hotels and authentic island experiences, with bundled discounts and value-added perks, making it even easier to explore the destination.

Previously BermudAir announced seven new routes to Providenciales in Turks and Caicos, from Newark (EWR), Boston (BOS), Baltimore-Washington (BWI), Raleigh-Durham (RDU), Fort Lauderdale (FLL), St Petersburg/Tampa (PIE) and Toronto (YYZ) which will all start in December except for Fort Lauderdale which begins October 26.

Expanded Winter Season

  • To South Caicos:
  • Twice-weekly nonstop from Newark (Sundays and Thursdays) from December 20 through April 25, 2027.
  • To Turks and Caicos:
  • Weekly nonstop from Newark (Saturdays) and one weekly direct service (Thursdays) from December 19 through April 29, 2027;
  • Weekly nonstop service from Boston (Saturdays), from December 19 through May 1, 2027;
  • Weekly nonstop service from Baltimore-Washington (Thursdays), from December 24 through April 29, 2027;
  • Twice-weekly nonstop service from Raleigh-Durham (Thursdays and Sundays), from December 20 through May 2, 2027;
  • Thrice-weekly service from Fort Lauderdale (Mondays, Wednesdays and Fridays), from October 26 through May 3, 2027;
  • Twice-weekly nonstop service from St Petersburg/Tampa (Mondays and Thursdays), from December 21 through May 3, 2027; and
  • Weekly nonstop service from Toronto (Saturdays), from December 19 through May 1, 2027.

“We’re thrilled to continue expanding our Caribbean network as the premium leisure carrier from North America,” said Adam Scott, Founder and CEO of BermudAir. “Now New Yorkers can fly nonstop to two distinct sides of the Turks and Caicos Islands — Providenciales and the secluded island of South Caicos, home to the exquisite Salterra and Sailrock South Caicos resorts.”

The airline consistently earns Net Promoter Scores of 70+, one of the highest ratings in the airline industry.  All flights will be operated on comfortable Embraer E190 aircraft, offering passengers the airline’s signature warm service and authentic island hospitality.

“South Caicos has always felt worlds away, and that is part of its magic,” said Michael Tibbetts, Founder and CEO of Salterra. “Beginning this winter, guests can fly nonstop from Newark in 3.5 hours, land at one of the newest international airports in the region and be at Salterra minutes later. This route makes a long weekend escape and an extended stay to one of the Caribbean’s most unspoiled islands remarkably easy, without changing the sense of discovery that makes South Caicos so special.”

For more information or to book flights, visit www.flybermudair.com. Salterra will offer dedicated stay packages timed to BermudAir’s Thursday and Sunday nonstop service. To book a stay at Salterra, A Luxury Collection Resort & Spa, visit www.salterra.com

Continue Reading

News

Salt Cay Water Shortage Unresolved as Residents Question Promised Relief

Published

on

SALT CAY — Residents say Salt Cay’s prolonged water shortage remains unresolved, with no visible activity or relief from the measures Government said would be advanced last week.

The crisis began in June after a critical filter failed at the island’s reverse osmosis plant, severely disrupting local water production. Residents told Magnetic Media Tuesday morning that neither the replacement filter nor the promised bulk shipment of emergency water appeared to have arrived.

Minister of Innovation, Technology and Energy E. Jay Saunders, however, said the filter is already on Salt Cay.

“The RO filter is on Salt Cay and it’s being installed,” Saunders told Magnetic Media.

The large emergency water shipment has not materialised. Saunders said transporting more than 1,000 gallons in a single container requires a barge, and officials are still attempting to source one.

Government had previously indicated that it would try to deliver up to 2,500 gallons to partially replenish Salt Cay’s depleted storage tanks while repairs continued.

Saunders had initially projected that the RO plant would be fully operational by August 19. He now says the system is expected to return to full operation “in a few days.”

For residents, however, the immediate reality remains unchanged: the shortage continues, the bulk water has not arrived and the promised relief is not yet flowing.

Continue Reading

FIND US ON FACEBOOK

TRENDING