Persons with insufficient NIS contributions to receive payouts soon – Jagdeo

Vice President Dr Bharrat Jagdeo announced on Thursday that people who previously did not make sufficient contributions to the National Insurance Scheme (NIS) in order to get a pension will start receiving cheques within two months.

“They will get a cheque in two months,” Dr Jagdeo stated.

The 2025 National Budget allocated $10 billion to the NIS for this initiative.

For years, individuals who did not meet the minimum requirement of 750 contributions to the NIS were unable to receive the NIS pension.

In Guyana, an NIS pension is payable to insured individuals who have reached 60 years of age. To qualify, an NIS-insured person must have paid or been credited with a total of not fewer than 750 contributions.