Internship 2023 for TCI Energy Data Collection
#TurksandCaicos, March 16, 2023 – The Caribbean Center for Renewable Energy and Energy Efficiency (CCREEE) in cooperation with the Energy and Utilities Department (EUD), Ministry of Home Affairs, Transportation, Broadcasting, Energy and Utilities and Telecommunications Commission (MOHAT), is looking for a motivated intern to work in close collaboration with regional and national institutions to survey and collect energy-related data that will be used to create the Energy Report Cards (ERCs) for the Turks and Caicos Islands. A stipend for the intern will be provided by CCREEE.
The intern will be based at the EUD/MOHAT. The internship program will provide students and/or young professionals with a unique opportunity to work with the energy sector institutions and stakeholders in TCI, gain practical experience in the energy sector, and contribute to the knowledge management functions of the Regional Energy Information System within the CARICOM Energy Knowledge Hub (CEKH).
SCOPE OF WORK
The CCREEE in collaboration with the EUD/MOHAT will collect specified data and information that will be used to develop the TCI Energy Report Cards which will be made accessible through the CARICOM Energy Knowledge Hub (CEKH). The hub may be accessed by registering at https://cekh.ccreee.org. The Energy Report Cards will also offer important support to the CCREEE work program, including support for energy planning and the development of sustainable energy projects.
- Bachelor’s degree or on course for completion of one by December 2024.
- Interest in the energy sector and willingness to learn about the socio-economic, technical and environmental aspects of the energy landscape; studies in sustainable energy, environmental sciences or related fields are an asset but not a National or resident of one of the relevant
- Proficiency in English.
The internship will run for a period of eight (8) weeks from May 29th to July 21st 2023.
The intern applicant should send their application (motivation letter and CV) on or before March 31st 2023 to firstname.lastname@example.org.
Only shortlisted candidates will be contacted.
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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