Pensioners can encash vouchers for August at post offices starting Monday

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Pensioners can encash vouchers for August at post offices starting Monday

Saturday, August 08, 2020

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KINGSTON, Jamaica - The Ministry of Labour and Social Security is advising National Insurance Scheme (NIS) pensioners that as of Monday they will be able to encash all pension vouchers with payable dates of August 2020.

Early encashment is only available at post offices. The National Commercial Bank (NCB) has advised that it will no longer encash pension order vouchers.

Director of National Insurance at the Ministry, Portia Magnus, said that in light of NCB's decision to discontinue pension voucher encashment, the ministry is looking at alternative payment options for NIS pensioners. Meanwhile, she is encouraging pensioners to sign up with the NIS's direct deposit payment system. This allows for NIS pensions to be deposited directly to their bank accounts.

The form is available at the ministry's parish offices. It may also be downloaded from the ministry's website at mlss.gov.jm.

The early encashment of vouchers initiative continues to be a part of the effort to ensure that pensioners have access to their benefits during the COVID-19 crisis.


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