Financial Assistance Plan (FAP) – Delay in Disbursement

PRESS RELEASE

FROM THE OFFICE OF THE PREMIER AND PUBLIC POLICY

Providenciales, Turks and Caicos Islands – The Office of the Premier regrets the temporary delay in the disbursement of the benefits under the Financial Assistance Plan.

The FAP guarantees a minimum monthly income of $1,000 to qualifying seniors seventy years and older by providing cash grants to supplement the income of qualifying seniors receiving less than $1,000 from all sources.  Grants under the plan will be disbursed directly through the Government Treasuries and Sub-Treasuries throughout the Islands.

The Plan will cater to the following groups of persons:

1. Persons receiving Non-Contributory Old Age Pension from the NIB;
2. Persons receiving Retirement and Disablement Pension from the NIB; and
3. Persons who receive no pension from the NIB.

Persons registered in the NIB database will be the first to receive the benefit – every effort will now be made to disburse to this group during the month of August 2024.

Instructions will be provided shortly through public announcements to persons who are not registered with the NIB system as to how to apply for the benefit.  Notice of the disbursement of the benefit to this group will be made in September 2024.

All benefits are retroactive from April 1, 2024.

Qualified beneficiaries must:

• be Turks and Caicos Islanders or British Overseas Territory Citizens;
• have attained the age of seventy (70) years old;
• be ordinarily resident in the Turks and Caicos Islands; and
• have a monthly income below US$1,000.00.