Turks and Caicos Welcomes Arrival of 4th Batch of Vaccines and British Army Short Term Training Team
#TurksandCaicos, July 8, 2021 – Acting Governor Her Excellency Anya Williams and Government Representative the Honourable Otis Morris Minister of Home Affairs on Wednesday July 7, 2021 welcomed the arrival of the Royal Air Force (RAF) which traveled to the Turks and Caicos Islands from Brighton, United Kingdom to deliver the TCI’s 4th batch of COVID-19 vaccines, as well as the British Army Household Calvary Short Term Training Team (STTT).
The Turks and Caicos Islands courtesy of the United Kingdom received another 7,020 doses of the Pfizer BionTech vaccine in order to continue its vaccination program which now stands at 62% across the islands.
The STTT team of 14 officers is visiting the Turks and Caicos Islands to train the cohort of the first locally recruited Marines to join the TCI Regiment.
Forty one recruits are expected to benefit from the training exercise in various Military Subjects, Humanitarian Assistance and Disaster Relief (HADR) and Seamanship and Navigation.
The training will take place at the Long Bay High School and is being facilitated in partnership with the Turks and Caicos Islands Governor’s Office and the Defence Attaché, Kingston Jamaica.
Commenting on the arrival of the vaccines and STTT, Acting Governor Her Excellency Anya Williams said: “We are grateful to the United Kingdom for the receipt of our 4th batch of COVID-19 vaccines and for the support that they have provided throughout the pandemic.
As of Sunday July 4th, 2021 a total of 21,738 persons, which equates to 62% of the adult population across the TCI had been fully vaccinated.
With the arrival of our 4th batch of vaccines we intend to continue our vaccination in anticipation of reaching our target goal of 70% within the next few weeks.
We are pleased to welcome as well the British Army Household Calvary Short Term Training Team (STTT) who will be assisting with the training of our recently recruited marines.
The training takes place at a pertinent time as we prepare for what is anticipated to be an active hurricane season and will be of great benefit to us in not only preparing our local team in the area of disaster response, but in other critical areas as well.
We express our thanks to the United Kingdom for their assistance in these critical areas and for facilitating the RAF flight to the TCI in the absence of direct airlift from British Airways, which I am pleased to advise will recommence flights to the TCI on July 20, 2021.
We look forward to the continued success of our vaccination program and to a productive training program for our TCI Regiment and Marines.”
Three Days to NIB Rate Increase for 2023
By Dana Malcolm
#TurksandCaicos, March 29, 2023 – On April 1st, the second round of increases on contributions at the National Insurance Board will kick in for the Turks and Caicos workforce. Announced last year, the increases were instituted to keep the NIB from running out of money by 2027 as it services a population that is living longer with contributions that had not been increased in 30 years.
As the Government’s new financial year begins, increases at NIB will mean a higher cost for doing business and a higher cost for running the Government.
The private sector is expected to pay contributions at a rate of 11 percent on your taxable income. The hike is up from last year’s 10 per cent; six percent of which is to be paid by the Employer and five percent is to be paid by the Employee. For wages of $2000, this will mean a $200 improvement in income per month to the NIB. As for the burn on residents’ pockets, based on a minimum wage of $1200 monthly salary, that’s at least $60 dollars a month and $720 per year.
Public sector rates will move to 10.15 percent up from 9.15 per cent with the worker paying 4.575 per cent and the Government paying 5.575 per cent; that’s $54 a month and $648 a year at minimum wage.
The NIB rate as of April 1, 2023, will jump to 9 percent for self-employed individuals; For self-employed individuals at minimum wage, that is $108 dollars a month or $1296 per year.
As taxable incomes increase so will the contribution.
The increases follow a 2019 Actuarial review, undertaken every three years, which unearthed that the NIB was facing a dismal future, possible collapse. Contribution rates were growing at a rate much slower than NIB expenses, which included beneficiary payouts. On that trajectory, the NIB’s earnings would be eclipsed by its income by 2027, forcing the worker protection plan to draw down on money saved for economic shocks like Covid-19.
Unsurprisingly, this was deemed untenable, and an immediate increase was recommended.
Despite this scramble to boost earnings, the NIB has simultaneously increased payouts. Payouts for pensions, funeral grants, maternity grants and more will all attract bigger sums.
These incremental increases on contributions and payouts were all consultant recommendations, informed statements from the Board.
Work of NAECOB critical in ensuring high standards in education, says Minister Hanna-Martin
Bahamas Golden Jubilee Events Announced, Celebrations Across 33 Islands & Cays
#TheBahamas, March 27, 2023 – As the 50th anniversary of our nation’s independence approaches, Bahamians everywhere are teeming with excitement and expectancy around the year-long celebrations set by The National Independence Secretariat.
Yesterday, the Prime Minister joined H.E Leslia Miller Brice, Chair of The National Independence Secretariat to unveil the Calendar of Events for the 50th Independence celebrations.
The calendar comprises a host of events, initiatives and recommendations for celebrations throughout all 33 islands of The Bahamas.
At this jubilant occasion the PM stated, “Celebrating independence is about acknowledging the greatness around us, the greatness within us, and the greatness ahead of us.
We are Bahamians. That identity is special.”
View the newly released calendar of events here:
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