Beautiful Virgin Islands

Wednesday, Sep 03, 2025

SSB conducts third unemployment insurance review in two years

SSB conducts third unemployment insurance review in two years

The BVI is expected to embark on its third unemployment insurance review in less than three years.

This is according to a report issued by the Standing Finance Committee (SFC) following budget deliberations for 2022 which were held late last year.

Social Security Board (SSB) Director Jeanette Boynes-Scatliffe told the SFC that unemployment insurance was being reviewed, and said a report from NHI would reveal ongoing plans for a comprehensive review which includes unemployment insurance.

The director then expounded to say that the SSB has conducted two studies in the past two years, and the current review is the third, after which it should reveal a clear way forward on how it can be administered.

The disclosure was made after a requested update by Labour Minister Vincent Wheatley.

Over 3,000 SSB COVID-19 grants disallowed


Meanwhile, Deputy Premier and Minister for Education Dr Natalio Wheatley thanked the SSB team and congratulated the director for maintaining the success of the SSB.

He also thanked the SSB for the grant given during COVID, which he said kept the economy buoyant during a difficult time.

Scatliffe Boynes said the SSB received a grant of $10 million to aid in funding the government’s underemployment/unemployment programme.

The SSB received a total of 8,236 applications, and of the total, 5,063 persons received a grant for a cumulative amount of $5,578,510.73 and 31,73 claims were disallowed.

The director told the SFC that, as requested by the Ministry of Finance (MOF), the SSB returned the unexpended sum of $4,108,256.56 at the end of 2020.

She said a further $197,826.97 remained, enabling the SSB to process late applications.

According to the Scatliffe-Boynes, the reconciliation process of benefits paid was finalised with a balance of $149,229.94 and was returned to the MOF, as requested.

Dr Wheatley said he was looking forward to the underemployment/unemployment initiative by the SSB as there currently exists a challenge with unemployment and the revision of benefits as the cost of living increases continually.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Court of Appeal Allows Asylum Seekers to Remain at Essex Hotel Amid Local Tax Boycott Threats
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
Pickles are the latest craze among Generation Z in the United States.
Deadline Day Delivers Record £125m Isak Move and Donnarumma to City
Nestlé Removes CEO Laurent Freixe Following Undisclosed Relationship with Subordinate
Giuliani Seriously Injured in Accident – Trump to Award Him the Presidential Medal of Freedom
EU is getting aggressive: Four AfD Candidates Die Unexpectedly Ahead of North Rhine-Westphalia Local Elections
Lula and Putin Hold Strategic BRICS Discussions Ahead of Trump–Putin Summit
WhatsApp is rolling out a feature that looks a lot like Telegram.
Investigations Reveal Rise in ‘Sex-for-Rent’ Listings Across Canada Exploiting Vulnerable Tenants
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
Israeli Airstrike in Yemen Kills Houthi Prime Minister
Ukrainian Nationalist Politician Andriy Parubiy Assassinated in Lviv
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
×