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NIS urges pensioners to switch to direct deposit


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NIS urges pensioners to switch to direct deposit

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The National Insurance Scheme (NIS) is urging pensioners who already have bank and credit union accounts to make the switch from cheques to lodgement and gain immediate access to their monies.

A statement from NIS today said pensioners are paid “every four weeks, not monthly”.

The payments are issued for 13 four-week periods each year for those paid by lodgement to banks and credit unions, or 26 two-week periods for those receiving cheques through the mail.

The NIS said there is no penalty for switching.

For queries, call the PBX at 431-7400, the Contact Centre at 467-4647 or e-mail the NIS at [email protected] For further details, please visit its official website at www.nis.gov.bb. (PR)