Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698072399063.pdf (Guyana)
1 Guyana National Insurance SchemeSAMPLE OUR MISSION To establish and maintain a system of Social Security through which enough income is secured to take the place of earnings when such are interrupted by sickness or accident.

To provide for retirement through age, sudden death of a breadwinner and to meet exceptional expenses as those concerned with birth and death.
To ensure that monies collected which have to be used for future payments are invested in such a manner that the economy of the country would reap maximum benefit.
OUR VISION To improve the organisation’s performance through the commitment and involvement of all employees to fully satisfy agreed customer requirements through the continuous enhancement of the service, processes and people involved 2 Guyana National Insurance SchemeSAMPLE CONTENTS LETTER OF TRANSMITTAL ............................................................................ 8 INTRODUCTION ............................................................................................... 9 CHANGES MADE DURING 2012 ................................................................... 9 PART 1 REGISTRATION AND COMPLIANCE ........................................................10 Registration of New Employers ........................................................................10 Registration of Employed Persons ...................................................................10 Self-Employed Registrants ................................................................................15 Registration of Voluntary Contributors ..........................................................16 BENEFITS: ..........................................................................................................17 LONG TERM BENEFITS BRANCH...............................................................17 Old Age Pension .................................................................................................17 Old Age Grant .....................................................................................................19 Invalidity Pension ...............................................................................................21 Invalidity Grant ..................................................................................................22 Survivors’ Pension ..............................................................................................23 Survivors’ Grant ..................................................................................................25 Funeral Grant
Funeral Grant ......................................................................................................26 SHORT TERM BENEFITS BRANCH .............................................................28 Sickness Benefit ..................................................................................................28 Sickness Benefit Medical Care ..........................................................................30 Overseas Medical Care ......................................................................................31 Extended Medical Care......................................................................................31 Maternity Allowance ..........................................................................................32 Maternity Grant ..................................................................................................33 Constant Attendance..........................................................................................34 INDUSTRIAL BENEFITS BRANCH ..............................................................35 Injury Benefit ......................................................................................................35 Injury Benefit Medical Care ..............................................................................37 Overseas Medical Care ......................................................................................39 Disablement Pension .........................................................................................39 Disablement Grant .............................................................................................43 Industrial Death Pension ...................................................................................45 3 Guyana National Insurance SchemeSAMPLE MEDICAL ADJUDICATION OF CLAIMS ...................................................47 Industrial cases referred to Medical Board .....................................................47 Non-Industrial cases referred to Medical Board
 ............................................50 Medical Treatment Abroad ..............................................................................50 Visits by Nurses...................................................................................................50 APPEALS TO TRIBUNAL ................................................................................51 ESTABLISHMENT AND ORGANISATION .................................................51 Staffing .................................................................................................................51 Training and Public Relations ...........................................................................51 PART 2 INCOME AND EXPENDITURE ....................................................................53 Income .................................................................................................................53 Expenditure .........................................................................................................54 National Insurance Fund ...................................................................................56 AUDITED ACCOUNTS ...................................................................................58 PART 3 STATISTICAL ANNEX .....................................................................................99 4 Guyana National Insurance SchemeSAMPLE TABLES IN TEXT TABLE DESCRIPTION PAGE NUMBER OF EMPLOYED REGISTRANTS BETWEEN AGES 16 & 59 YEARS BY AGE-GROUP AND SEX-2012 ................................................................................ 12 NUMBER OF EMPLOYEES (AGE 16-59 YEARS) REGISTERED ANNUALLY AND AVERAGE AGE: 2008-2012 ....................................................................... 13 NUMBER OF SELF-EMPLOYED REGISTRANTS: 2008-2012.............................................. 16 NUMBER OF OLD AGE PENSIONS GRANTED BY AGE-GROUP, EMPLOYMENT STATUS AND SEX-2012
 ................................................................................ 17 MOVEMENT OF OLD AGE PENSIONS-2012 ........................................................................ 18 NUMBER OF OLD AGE LUMP SUM PAYMENTS BY SEX OF RECIPIENT AND AVERAGE AMOUNT PAID –2012 ........................................................... 19 OLD AGE LUMP SUM PAYMENTS AND NUMBER OF PAID AND CREDITED CONTRIBUTIONS-2012 ....................................................................................... 20 NUMBER OF OLD AGE GRANTS PAID BY EMPLOYMENT STATUS OF RECIPIENTS AND AVERAGE AMOUNT: 2008-2012 .................................... 20 NUMBER OF INVALIDITY PENSIONS AWARDED BY SEX AND AVERAGE AMOUNTS: 2008-2012 ........................................................................................... 21 MOVEMENT OF INVALIDITY PENSIONS-2012 .................................................................. 22 INVALIDITY GRANTS AWARDED BY SEX OF RECIPIENTS AND AVERAGE AMOUNT: 2008-2012 ............................................................................................. 23 MOVEMENT OF SURVIVORS’ PENSIONS-2012 ................................................................... 25 NUMBER OF FUNERAL CLAIMS PAID BY SEX, INSURED STATUS AND EMPLOYMENT CATEGORY-2012 ................................................................. 26 NUMBER OF FUNERAL CLAIMS PAID: 2008-2012 ............................................................. 27 NUMBER OF SICKNESS SPELLS
 PAID BY SEX, SECTOR AND AVERAGE DURATION-2012 ...................................................................................................... 29 5 Guyana National Insurance SchemeSAMPLE TABLES IN TEXT (Cont’d) TABLE DESCRIPTION PAGE 26 27 28 NUMBER OF SICKNESS SPELLS PAID, AVERAGE DURATION AND PERCENTAGE ARISING FROM SUGAR SECTOR: 2008-2012 ................................. 29 DISTRIBUTION OF PAID SICKNESS BENEFIT MEDICAL CARE CLAIMS BY SEX AND SECTOR-2012
 ....................................................................................... 30 PERCENTAGE DISTRIBUTION OF SICKNESS BENEFIT MEDICAL CARE EXPENDITURE BY TYPE OF CARE-2012 .................................................................. 31 NUMBER OF MATERNITY ALLOWANCES PAID AND AVERAGE DURATION: 2008-2012 ................................................................................................................ 33 NUMBER OF MATERNITY GRANTS PAID BY AGE-GROUP, EMPLOYMENT CATEGORY AND INSURED STATUS-2012.............................................. 34 NUMBER OF INJURY SPELLS PAID BY REASON FOR TERMINATION, BENEFIT DAYS AND SEX-2012 ................................................................. 35 NUMBER OF INJURY SPELLS PAID BY SEX AND SECTOR-2012 .................................... 36 NUMBER OF INJURY SPELLS PAID, PERCENTAGE ARISING FROM THE SUGAR SECTOR AND AVERAGE DURATION OF SPELLS: 2008-2012 ....................................................................................................................... 37 NUMBER OF INJURY BENEFIT MEDICAL CARE CLAIMS PAID BY SEX AND SECTOR-2012 ....................................................................................................... 37 INJURY BENEFIT MEDICAL CARE COST BY SECTOR AND TYPE OF CARE (PERCENTAGE-WISE)-2012 .................................................................................... 38 PERCENTAGE DISTRIBUTION OF INJURY BENEFIT MEDICAL CARE COST-2012
 .......................................................................................................................... 39 DISABLEMENT PENSIONS BY PERCENTAGE OF DISABILITY, SECTOR AND SEX-2012 .............................................................................................................. 40 NUMBER OF DISABLEMENT PENSIONS BY NATURE OF DISABILITY AND LOCATION OF INJURY-2012 .................................................................. 41 6 Guyana National Insurance SchemeSAMPLE TABLES IN TEXT (Cont’d) TABLE
 DESCRIPTION PAGE 29 30 31 32 33 34 35 36 37 NUMBER OF DISABLEMENT PENSIONS AWARDED ANNUALLY: 2008-2012 ............ 42 MOVEMENT OF DISABLEMENT PENSIONS-2012 ............................................................. 43 NUMBER OF DISABLEMENT GRANTS PAID BY SEX AND SECTOR-2012 ................................................................................................................................. 43 NUMBER OF DISABLEMENT GRANTS PAID BY NATURE OF DISABILITY AND LOCATION OF INJURY-2012 .................................................................. 44 NUMBER OF DISABLEMENT GRANTS PAID BY PERCENTAGE OF DISABILITY, SEX AND SECTOR-2012 ..................................................................................... 45 NUMBER OF INDUSTRIAL DEATHS BY NATURE OF INJURY AND CAUSE OF ACCIDENT-2012 ...................................................................................................... 46 MOVEMENT OF INDUSTRIAL DEATH PENSIONS-2012 .................................................. 47 CASES PLACED BEFORE MEDICAL BOARD (INDUSTRIAL): 2008-2012 ..................... 48 VISITS MADE BY NURSES/SICK VISITORS: 2008-2012 ...................................................... 50 7 Guyana National Insurance SchemeSAMPLE LETTER OF TRANSMITTAL 2013 The Honorable Minister of Finance Dr. Ashni K. Singh, M.P.
Ministry of Finance Main & Urquhart Streets Georgetown Dear Sir, I have the honour to submit to you the Annual Report of the activities of the National Insurance Board together with the Income and Expenditure Account and the Balance Sheet as certified by the External Auditors for the year 2012.

During the year under review, the Insurable Earnings Ceiling was adjusted in accordance with the increase in the Public Service Minimum Wage.
Hence the ceiling was increased to $143,455.00 per month from January 1, 2012.

The minimum Insurable Earnings for self-employed persons contributing to the Scheme was increased from $41,475.00 per month to $44,793.00.

The Minimum Rate payable for Old Age and Invalidity Pensions was increased from $16,604.00 to $17,932.00 effective January 1, 2012.

Total income for the year was $12,745M, which represents an increase of approximately 7.5% when compared with the previous year.
The amount paid as Benefits during the year was $11,718M.

This amount was 9% more than that which was paid during 2011.

Total Expenditure for the year was $13,219M.

The excess/ (deficit) of income over expenditure was therefore $(474)M. At the end of the year the National Insurance Fund stood at $31,024M.
Yours Sincerely NATIONAL INSURANCE - GUYANA ………………………………… Doreen Nelson General Manager 8 Guyana National Insurance SchemeSAMPLE INTRODUCTION The 43rd Annual Report of the National Insurance Board-Guyana is presented hereunder in accordance with Section 36 1(a) of the National Insurance and Social Security Act, Chapter 36:01 of the Laws of Guyana.

The Report summarises the activities of the Board during the year 2012 and also highlights certain trends that have developed over the past years.
The Report is divided into three parts: Part 1 relates the activities of the Scheme with particular reference to insured persons and benefit claims; Part 2 gives an account of the financial state of the Scheme and the National Insurance Fund; Part 3 presents a collection of Statistical Tables that may be useful in the analysis of Part 1.

CHANGES MADE DURING 2012 1.

Effective January 1, 2012, the amount paid as Funeral Benefit was increased from $22,800.00 to $25,080.00.

2.
2.

The minimum rate for Old Age and Invalidity Pensions was increased from $16,604.00 to $17,932.00 effective January 1, 2012.

3.

Effective January 1, 2012, the Insurable Earnings Ceiling was increased from $132,829.00 to $143,455.00 per month and from $30,653.00 to $33,105.00 per week.

4.

Effective January 1, 2012, the minimum Insurable Earnings Ceiling for Self-Employed persons was increased from $41,475.00 per month to $44,793.00 per month.
9 Guyana National Insurance SchemeSAMPLE REGISTRATION AND COMPLIANCE REGISTRATION OF NEW EMPLOYERS 2012 Three hundred and fifteen employers registered with the Scheme during 2012.

Of this amount, 304 or approximately 97% were small-scale employers, that is, each employed no more than 10 persons.

Ten (10) or approximately 3% employed between 11 and 50 persons, while one (1) employed between 51 and 100 persons.

No employer employed over 100 persons.


An analysis by Industry revealed that the “Services” Sector accounted for 98 or approximately 31% of the new employers, 49 or approximately 15% entered the “Commerce” Sector and 56 or approximately 18% were absorbed into the “Construction” Sector.
The “Manufacturing” Sector accounted for 19 or approximately 6% of the new registrants, the “Agriculture and Fishing” Sector accounted for 15 or approximately 5%, while “Mining and Quarrying” Sectors accounted for 15 or approximately 5% of the new registrants.

The remaining 63 or approximately 20% were absorbed into the “Supply of Electricity, Gas & Steam”, “Water and Sanitary Services” and “Transport and Communication” Sectors, as well as in activities not adequately described.
Six hundred and fifty-three employers registered with the Scheme during 2011.

The total for 2012 therefore represents a decrease of approximately 52%.

The total number of Employers registered with the Scheme as at 2012.12.31 was 27,717.

The number of active employers was approximately 4,475.

Table A in the Annex shows the distribution of new employers by Industry and Size.

Figure I overleaf gives a graphical illustration of the Industrial Distribution.
REGISTRATION OF EMPLOYED PERSONS A total of 11,877 employed persons were registered during the year under review.

Of this total, 6,173 or approximately 52% were males and 5,704 or approximately 48% were females.

An analysis by marital status reveals that 10,333 or approximately 87% of the new registrants were single, 778 or approximately 7% were married and the remaining 766 or approximately 6% were either widowed, divorced, separated or in common-law relationships.
An analysis by age shows that 79 of the registrants were under 16 years, 11,763 were between the ages of 16 years and 59 years, and 35 were 60 years and over.

Of the 11,763 registrants between the ages of 16 years and 59 years, 6,096 or approximately 52% were males and 5,667 or approximately 48% were females.
10 Guyana National Insurance SchemeSAMPLE 11 Guyana National Insurance SchemeSAMPLE Further, 9,284 or approximately 79% of the new registrants between ages 16 years and 59 years were in the age- group (16 - 24) years, 1,852 or approximately 16% were in the age-group (25 - 39) years and 477 or approximately 4% were in the age-group (40 - 49) years.

The age-group (50 - 59) years accounted for 150 or approximately 1% of the new registrants.
Table 1 below shows the number of employed registrants by Age-group and Sex.

TABLE 1 NUMBER OF EMPLOYED REGISTRANTS BETWEEN AGES 16 & 59 YEARS BY AGE GROUP AND SEX 2012 AGE-GROUP MALES FEMALES MALES & FEMALES 16 - 19 20 - 24 25 - 29 30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 3,621 1,230 429 281 191 138 112 68 26 3,073 1,360 434 296 221 147 80 49 7 6,694 2,590 863 577 412 285 192 117 33 TOTAL 6,096 5,667 11,763 The Average Age of both male and female registrants was 22 years.
Table B in the Annex shows the number of employed registrants by Age-group, Sex and Marital Status.

An Industrial analysis shows that 4,277 or approximately 36% entered the “Services” Sector, 2,329 or approximately 20% entered the “Manufacturing” Sector and 1,966 or approximately 16% entered the “Commerce” Sector.
In addition, the “Agriculture, Forestry and Fishing” Sector accounted for 1,145 or approximately 10% of the new registrants, the “Construction” Sector accounted for 441 or approximately 4% of the new registrants, and the “Transport, Storage and Communication” Sector accounted for 1,024 or approximately 9% of the new registrants.

Further, the “Mining and Quarrying” Sector accounted for 401 or approximately 3%.
The remaining 294 or approximately 2% of the new registrants were absorbed in the “Electricity, Gas and Steam”, “Water and Sanitary Services” Sectors and “Other Activities not adequately described”.

Table C in the Annex classifies the new registrants by Industry and Sex, while Figure II overleaf gives a graphical illustration of the Industrial Distribution.

12 Guyana National Insurance SchemeSAMPLE During 2011, a total of 12,435 of the new registrants were between the ages of 16 years and 59 years.
The 2012 total of 11,763 therefore represents a decrease of approximately 5%.

The number of Employed Persons registered with the Scheme as at 2012.12.31 totalled 662,150.

The active registrants as at 2012.12.31 were approximately 117,219.

Table 2 below shows the number of new registrants between the ages of 16 and 59 years over the period 2008 - 2012.
TABLE 2 NUMBER OF EMPLOYEES (AGE 16-59 YEARS) REGISTERED ANNUALLY AND AVERAGE AGE 2008 - 2012 DESCRIPTION 2008 2009 2010 2011 2012 Males 6,349 6,521 5,966 6,352 6,096 Average Age 22 22 22 22 22 Females 4,781 5,692 4,945 6,083 5,667 Average Age 24 23 23 23 22 Males & Females 11,130 12,213 10,911 12,435 11,763 Average Age 23 23 22 23 22 The Table above exhibits an overall fluctuating trend in the number of persons registered and the average age over the period 2008 – 2012.
13 Guyana National Insurance SchemeSAMPLE 14 Guyana National Insurance SchemeSAMPLE SELF‑EMPLOYED REGISTRANTS During the year under review, 498 self‑employed persons were registered.

This total comprised 329 or approximately 66% males and 169 or approximately 34% females.
An analysis by age shows that the age‑group (16‑30) years accounted for 181 or approximately 36% of the registrants, the age‑group (31‑45) years accounted for 245 or approximately 49%, and the age‑group (46‑60) years accounted for 72 or approximately 15%.

The average age of the males was 35 years and that of the females, 34 years.

The overall average age was 35 years.


The distribution by Industry shows that 423 or approximately 85% of the new registrants entered into activities that were not adequately described.

A total of 24 or approximately 5% entered the “Transport” Sector, while 19 or approximately 4% were from the “Services” Sector.

The remaining 32 or approximately 6% entered the “Construction”, “Fishing”, “Manufacturing”, “Commerce”, “Electricity, Gas & Steam” and “Mining and Quarrying ”Sectors.
Table D in the Annex shows the distribution of self‑employed registrants by Industry and Sex.

An examination of the Marital Status of the new registrants reveals that 255 or approximately 51% were Single and 166 or approximately 33% were married.

The remaining 77 or approximately 16% were Widowed, Divorced, Separated or in Common‑Law Relationships.

Table E in the Annex classifies the new registrants by Age‑group, Sex and Marital Status.

A total of 569 Self‑Employed persons were registered during 2011.
The 2012 figure of 498 represents therefore a decrease of approximately 13%.

The total number of Self‑Employed persons registered with the Scheme as at 2012‑12‑31 was 29,998.

The number of active self‑employed persons was approximately 8,791.

The number of self‑employed persons registered annually over the period 2008‑2012 is shown in Table 3 overleaf.
15 Guyana National Insurance SchemeSAMPLE TABLE 3 NUMBER OF SELF‑EMPLOYED REGISTRANTS 2008‑2012 DESCRIPTION 2008 2009 2010 2011 2012 Males Females Males & Females 452 233 685 387 184 571 290 133 423 372 197 569 329 169 498 Table 3 above exhibits an overall fluctuating trend in the number of self‑employed persons registered annually during the period 2008‑2012.
REGISTRATION OF VOLUNTARY CONTRIBUTORS Persons who have had paid or had paid on their behalf at least 100 contributions during the course of their employment can seek permission to continue contributing to the Scheme on a voluntary basis.

Nine applications for registration as voluntary contributors were received and processed during 2012.

The number of persons who were issued certificates of Voluntary Insurance from the inception of the Scheme to the end of 2012 was 769.
16 Guyana National Insurance SchemeSAMPLE BENEFITS LONG TERM BENEFITS BRANCH OLD AGE PENSION A total of 2,568 Old Age Pensions were awarded during 2012.

Of this total, 1,737 or approximately 68% were awarded to males, and 831 or approximately 32% were awarded to females.

An analysis of the new Pensioners by Employment Category reveals that 2,243 or approximately 87% were Employed Persons, while 325 or approximately 13% were Self‑Employed Persons.
A further breakdown shows that of the 2,243 Employed Persons, 1,509 were males and 734 were females.

Likewise, there were 228 Self‑Employed males and 97 Self‑Employed females who received Old Age Pensions.

The ages of the new Pensioners ranged from 60 years to 87 years.

This is shown in Table 4 below.
TABLE 4 NUMBER OF OLD AGE PENSIONS GRANTED BY AGE‑GROUP, EMPLOYMENT STATUS AND SEX 2012 EMPLOYED SELF‑EMPLOYED BOTH CATEGORIES AGE GROUP MALES FEMALES MALES & FEMALES MALES FEMALES MALES & FEMALES MALES FEMALES MALES & FEMALES 60 ‑ 64 1,403 693 2,096 222 65 – 69 70 ‑ 74 75 ‑ 79 80 – 84 85 – 89 82 18 3 2 1 29 7 4 ‑ 1 111 25 7 2 2 6 ‑ ‑ ‑ ‑ 95 2 ‑ ‑ ‑ ‑ 317 1,625 8 ‑ ‑ ‑ ‑ 88 18 3 2 1 788 31 7 4 ‑ 1 2,413 119 25 7 2 2 TOTAL 1,509 734 2,243 228 97 325 1,737 831 2,568 The average age of the new Pensioners was 61 years and their average monthly rate of pension was $28,264.00.
An examination of the contribution status shows that the new Pensioners qualified with an average of 1,116 17 Guyana National Insurance SchemeSAMPLE contributions, of which approximately 99.98% were paid by or on behalf of the Pensioner and approximately 0.02% were credited.
The credited contributions were awarded in accordance with the Regulations which stipulate the award of age credits to persons 35 years or over at the commencement of the Scheme, and the award of retirement credits to persons whose contribution life had been shortened due to the reduction of the retirement age from 65 years to 60 years.

The males were awarded Pensions on an average of 1,135 contributions and the females, on an average of 1,076 contributions.
Approximately 0.01% of the average contributions of the males were credited contributions while 0.03% of the average contributions of the females were credited contributions.

The number of Old Age Pensions awarded by Age, Sex and Contributions Paid and Credited, is shown in Table F in the Annex.

During 2011, a total of 2,616 Old Age Pensions were awarded.

The 2012 total of 2,568 therefore represents a decrease of approximately 2%.
At the beginning of the year, 32,535 Old Age Pensions were in payment, at an average rate of $23,170.00.

During the year, 2,568 Pensions were awarded and 705 were terminated due to the death of the recipients.

At the end of the year therefore, there were 34,398 Pensions in payment at an average rate of $23,605.

The movement of Old Age Pensions is shown in Table 5 below.
TABLE 5 MOVEMENT OF OLD AGE PENSIONS 2012 DESCRIPTION MALES FEMALES MALES & FEMALES AVERAGE MONTHLY RATE ($) Pensions in payment at the beginning of the year *23,718 *8,817 *32,535 23,170 Pensions granted from Jan. – December 2012 1,737 Pensions terminated for Jan. – December 2012 568 831 137 2,568 705 28,264 20,496 Pensions in payment as at December 31, 2012 24,887 9,511 34,398 23,605 *Adjusted Figure Table G in the Annex shows the number of Old Age Pensions as at 2012.12.31 by Age, Employment Status and Sex.
18 Guyana National Insurance SchemeSAMPLE OLD AGE GRANT Nine hundred and thirty‑four Old Age Grants were paid during 2012.

The recipients were 564 males and 370 females.

The average amount paid to the males was $58,804.00 and to the females, $68,460.00.

The overall average amount paid was $62,629.00.

Table 6 below shows the number of Old Age Lump‑sum Payments by Sex of Recipients and Average Amount Paid.
TABLE 6 NUMBER OF OLD AGE LUMP‑SUM PAYMENTS BY SEX OF RECIPIENTS AND AVERAGE AMOUNT PAID 2012 DESCRIPTION MALES 564 FEMALES 370 MALES & FEMALES 934 Number of persons Percentage Paid Average Amount ($) 60 40 100 58,804 68,460 62,629 Amount paid ($) 33,165,483 25,300,166 58,495,649 An analysis of the contribution spread reveals that the males qualified for the Grant with an average of 477 contributions, while the females qualified with an average of 427.
Overall, the recipients qualified with an average of 457 paid and credited contributions.

This is shown in Table 7 overleaf.

19 Guyana National Insurance SchemeSAMPLE TABLE 7 OLD AGE LUMP‑SUM PAYMENTS AND NUMBER OF PAID AND CREDITED CONTRIBUTIONS 2012 DESCRIPTION MALES FEMALES MALES & FEMALES No.
of Recipients 564 370 934 Total Contributions paid & credited 269,259 157,921 427,180 Average per insured person 477 427 457 The ages of the recipients ranged from 60 years to 88 years, with the age‑group (60‑65) years accounting for 741 or approximately 79%.

The ages of the self‑employed recipients ranged from 60 years to 78 years.

The overall average age was 63 years.

The number of Old Age Grants awarded by Age, Sex and Employment Status of Recipients is shown in Table H in the Annex.
During 2011, 1,397 Old Age Grants were awarded.

The 2012 total of 934 represents therefore a decrease of approximately 33%.

Table 8 below shows the number of Old Age Grants awarded by Employment Status of Recipients and average amount paid for the period 2008‑2012.
TABLE 8 NUMBER OF OLD AGE GRANTS PAID BY EMPLOYMENT STATUS OF RECIPIENTS AND AVERAGE AMOUNT 2008‑2012 DESCRIPTION Employed Self‑Employed TOTAL 2008 565 125 690 2009 472 108 580 2010 690 143 833 2011 1,137 260 1,397 2012 792 142 934 Average Amounts ($) 37,142 52,594 49,425 82,106 62,629 The Table above shows a fluctuating trend in both the number of Old Age Grants awarded and the average amount paid over the entire period.
20 Guyana National Insurance SchemeSAMPLE INVALIDITY PENSION A total of 101 Invalidity Pensions were awarded during 2012.

The recipients were 73 males and 28 females, with 8 of the male and 4 of the female recipients originating from the self‑employed category.

An age analysis shows that 37 or approximately 37% of the recipients were in the age‑group (55‑59) years, 32 or approximately 32% were in the age‑group (50‑54) years and 17 or approximately 17% were in the age‑ group (45‑49) years.
Further, 11 or approximately 11% were in the age‑group (40‑44) years, 1 was in the age‑ group (35‑39) years and 3 or approximately 3% were in the age‑group (30‑34) years.

The average age of the male recipients was 52 years and that of the females, 50 years.

The overall average age was 51 years.

An examination of the contribution status shows that the recipients qualified with an average of 745 contributions of which approximately 99.9% were paid and 0.1% was credited.
The credited contributions were awarded in accordance with the Regulations which stipulate the award of age credits to persons 35 years or over at the commencement of the Scheme.

The males were awarded the pension with an average of 776 paid contributions of which approximately 99.9% were paid, while the females qualified with an average of 662 contributions of which approximately 99.8% were paid.

The average monthly Pension was $24,985.00.


Table 9 below shows the number of Invalidity Pensions awarded annually over the period 2008‑2012.

TABLE 9 NUMBER OF INVALIDITY PENSIONS AWARDED BY SEX AND AVERAGE AMOUNTS 2008‑2012 DESCRIPTION 2008 2009 2010 2011 2012 Males Females Males & Females AVERAGE AMOUNTS ($) 62 29 91 146 42 188 71 17 88 68 29 97 73 28 101 19,478.00 19,886.00 21,919.00 24,167.00 24,985.00 The Table above displays an overall fluctuating trend in the number of Pensions awarded annually.
21 Guyana National Insurance SchemeSAMPLE At the beginning of the year, there were 1,894 Pensioners on stream consisting of 1,418 males and 476 females.

During the year, 101 Pensions were awarded and 128 were terminated.

Of the amount terminated, 84 were due to the Pensioners’ attainment of age 60 years, 35 were due to the death of the Pensioners and 9 were terminated because the disabilities no longer existed.
At the end of the year therefore, there were 1,867 pensioners on stream comprising 1,393 males and 474 females.

Table 10 below shows the Movement of Invalidity Pensions.

The number of Invalidity Pensions paid by Age, Sex and Contributions Paid and Credited is shown in Table I in the Annex.
TABLE 10 MOVEMENT OF INVALIDITY PENSIONS 2012 DESCRIPTION MALES FEMALES Pensions in payment at the beginning of the year 1,418 Pensions granted during the year Pensions terminated during the year by: (a) Death (b) Attaining age 60 years (c) Disability no longer exist 73 25 66 7 476 28 10 18 2 MALES & FEMALES AVERAGE MONTHLY RATE ($) 1,894 22,352 101 24,985 35 84 9 25,129 22,719 25,726 Pensions in payment as at December 31, 2012 1,393 474 1,867 22,410 INVALIDITY GRANT Eleven Invalidity Grants were awarded during 2012.
The awardees were 9 males and 2 females.

The ages of the male recipients ranged from 23 years to 59 years and the females from 33 years to 42 years.

The average age of the males was 45 years and that of the females, 38 years.

The overall average age was 44 years.

The recipients qualified with an average of 176 paid and credited Contributions.

22 Guyana National Insurance SchemeSAMPLE Thirteen Invalidity Grants were awarded during 2011.
The 2012 total of 11 therefore represents a decrease of approximately 15%.

Table 11 below shows the number of Invalidity Grants awarded and the average amount paid over the period 2008‑2012.
TABLE 11 INVALIDITY GRANTS AWARDED BY SEX OF RECIPIENTS AND AVERAGE AMOUNTS 2008‑2012 DESCRIPTION 2008 2009 2010 2011 2012 Males Females Males & Females Average Amounts ($) 4 2 6 5 2 7 5 2 7 10 3 13 9 2 11 18,777 42,963 72,266 62,882 41,812 The Table above exhibits an overall increasing trend in the number of Invalidity Grants awarded during the period 2008‑2011, while the average amount paid shows an increasing trend during the period 2008‑2010 followed by a decreasing trend from 2011.
Table J in the Annex gives the number of Invalidity Grants awarded by Age, Sex, Number of Contributions (paid and credited) and Amount Paid.

SURVIVORS’ PENSION During 2012, 647 Survivors’ Pensions were awarded.

The recipients were 548 widows who qualified because they were 45 years and over, 92 widows who had children of the deceased in their care and 7 orphans.

Additionally, 26 awards of Annuity Payments were shared among 44 other dependants.
The recipients were children of the deceased insured persons.

The age analysis of the recipients of the Survivors’ Pension shows that the ages of the widows who had children of the deceased in their care ranged from 24 years to 64 years.

Their average age was 45 years.

The age range of the widows who were 45 years and over was 37 to 92 years.

Their average age was 64 years.

The ages of the Orphans ranged from 13 to 17 years.

Their average age was 15 years.


23 Guyana National Insurance SchemeSAMPLE Table K in the Annex shows the number of Survivors’ Pensions by Age‑group and Condition of Award.

The Widows who had children of the deceased in their care had 145 children among them.

The ages of the children ranged from 1 year to 18 years.

The average age of the children was approximately 13 years.
The widows who qualified for the Pension because they had children of the deceased in their care, received an average monthly pension of $11,260.00, while the widows who qualified because they were 45 years of age and over received an average monthly pension of $11,939.00 and the Orphans received an average monthly pension of $7,430.00.
At the beginning of the year, there were 13,268 Pensions in payment to 10,784 widows who were 45 years and over, 2,356 widows who had children of the deceased in their care, 118 Orphans and 10 Widowers.

During the year, 647 Pensions were awarded and 153 Pensions were terminated.

Of the total terminated, 83 were due to the death of the recipients and 44 were recipients of either Old age or Invalidity Pension.
Further, 12 were due to the widows’ impediment to marriage and 14 children attained the age of 16 or 18 years.

At the end of the year therefore, there were 13,762 Pensions in payment to 11,214 Widows who were 45 years of age and over, 2,414 Widows who had children of the deceased in their care, 124 Orphans and 10 Widowers.

The Movement of Survivors’ Pensions is shown in Table 12 overleaf.

24 Guyana National Insurance SchemeSAMPLE TABLE 12 MOVEMENT OF SURVIVORS’ PENSIONS 2012 WIDOWS OVER 45 YRS.
WIDOWS WITH CARE OF CHILDREN ORPHANS WIDOWERS TOTAL No.

OF CASES AVERAGE RATE ($) No.

OF CASES AVERAGE RATE ($) No.

OF CASES AVERAGE RATE ($) No.

OF CASES AVERAGE RATE ($) No.
OF CASES AVERAGE RATE ($) 10,784 *9,506 2,356 *10,223 118 *6,237 10 *9,302 13,268 9,604 548 11,939 79 33 ‑ 6 ‑ 9,078 12,735 ‑ 8,966 ‑ 92 4 11 13 6 1 11,260 10,855 9,021 2,991 11,117 11,955 7 ‑ ‑ 1 ‑ ‑ 7,430 ‑ ‑ 5,534 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 647 11,794 83 44 14 12 1 9,164 11,807 3,173 10,042 11,955 11,214 9,619 2,414 10,299 124 6,310 10 9,302 13,762 9,708 DESCRIPTION Pensions in payment at the beginning of the year Pensions granted during the year Pensions terminated by: (a) Death (b) Receipt of Old Age/ Invalidity Pension (c) Attainment of Age 16/18 yrs (d) Impediment to Marriage Alterations Pensions in payment as at December 31, ,2012 *Adjusted Figure SURVIVORS’ GRANT There were 74 awards of Survivors’ Grants during 2012.
The awards were made in respect of 53 male and 21 female deceased insured persons.

The ages of the deceased ranged from 25 years to 73 years.

Their average age was approximately 46 years.

The recipients of the benefit included 46 widows.

Of the 46 widows, 14 qualified for the benefit because they were 45 years of age or older and 20 had children of the deceased in their care.

The remaining 12 qualified because they were dependent widows under 45 years of age.
Of the remaining grants, 25 were awarded to children and 3 to other dependants.

The ages of the widows ranged from 24 years to 60 years.

Their average age was approximately 42 years.

A total of 34 children were included in the benefit payment.

Their ages ranged from 2 years to 17 years.

Their average age was approximately 11 years.


25 Guyana National Insurance SchemeSAMPLE Additionally, 41 annuity payments were shared among other dependants of the deceased insured persons which include 38 children and 3 relatives.

The amount paid out as Grants ranged from $395.00 to $500,584.00.

The average amount paid was $120,260.00.

During 2011, 73 Survivors’ Grants were awarded.

The 2012 total therefore represents an increase of approximately 1%.
FUNERAL GRANT During 2012, 1,557 claims for Funeral Benefit were processed.

Of this amount, 196 were not paid and 1,361 were paid.

Of the 196 cases which were not paid, 52 were submitted late, 2 were duplicate claims, 27 were due to overpayment on previous claims, 55 did not provide sufficient information for the claim to be processed and 60 did not satisfy the contribution requirement for receipt of the benefit.
Of the 1,361 claims which were paid, 1,120 or approximately 82% were related to males and 241 or approximately 18% were related to females.

The distribution of the claims paid by employment category shows that 1,256 or approximately 92% were in respect of employed persons and 105 or approximately 8% were in respect of self‑employed persons.
Of the 1,256 claims paid in the employed category, 1,212 were on behalf of persons who were directly insured and 44 were on behalf of persons whose spouses were insured.

Similarly, in the self‑employed category, 103 of the deceased persons were directly insured and 2 were the spouses of insured persons.

This is shown in Table 13 below.
TABLE 13 NUMBER OF FUNERAL CLAIMS PAID BY SEX, INSURED STATUS AND EMPLOYMENT CATEGORY 2012 EMPLOYED SELF‑EMPLOYED DESCRIPTION DIRECTLY INSURED SPOUSE INSURED DIRECTLY INSURED SPOUSE INSURED BOTH CATEGORIES Males Females Males & Females 989 223 1,212 41 3 44 88 15 103 2 0 2 1,120 241 1,361 An age analysis of the deceased shows that 32 or approximately 2% were in the age‑group (21 ‑30) years, 64 26 Guyana National Insurance SchemeSAMPLE or approximately 5% were in the age‑group (31‑40) years, 112 or approximately 8% were in the age‑group (41‑50) years, 246 or approximately 18% were in the age‑group (51‑60) years and 907 or approximately 67% were over 60 years.
The average age of the males was 67 years and that of the females, 64 years.

The overall average age was 66 years.

Table L in the Annex shows the number of Funeral Benefit claims paid by Age‑group, Employment Category, Sex and Insured Status.

The average amount paid as Funeral Benefit was $23,894.00.

The number of Funeral cases paid in 2011 was 1,329.

The amount paid in 2012 represents therefore an increase of approximately 2%.
Table 14 below shows the number of Funeral Claims paid during the period 2008 – 2012.

TABLE 14 NUMBER OF FUNERAL CLAIMS PAID 2008‑2012 YEAR DIRECTLY INSURED SPOUSE INSURED BOTH CATEGORIES 2008 2009 2010 2011 2012 1,194 1,438 1,437 1,281 1,315 40 62 59 48 46 1,234 1,500 1,496 1,329 1,361 The Table above shows a fluctuating trend in the number of Funeral Claims paid during the period.
27 Guyana National Insurance SchemeSAMPLE SHORT TERM BENEFITS BRANCH SICKNESS BENEFIT During 2012, 47,884 claims for Sickness Benefit were processed.

Of this amount 25,392 were disallowed, while 22,492 were paid.
It was further noted that of the 25,392 claims which were not paid, 7,804 or approximately 31% were for spells of less than 4 days duration, 9,091 or 36% of the claimants were paid full wages by their employers, 562 provided insufficient information for the processing of their claims and 3,148 did not satisfy the qualifying conditions for the receipt of the benefit.
Of the remaining claims unpaid, 309 claimants submitted duplicate claims, 2,090 were late submissions, 238 had received payment for the maximum period of 26 weeks and 569 were over the age for receipt of the benefit.

In addition, 1 was overpayment on a previous claim, 107 submitted invalid medical certificates and 1,473 were invalid claims.

In relation to the 22,492 claims which were paid, 13,188 or approximately 59% were in respect of males and 9,304 or approximately 41% were in respect of females.
Further analysis showed that 21,447 of the claimants were employed and 1,045 were self‑employed.

The ages of the recipients ranged from 18 years to 60 years.

An age analysis revealed that 11,055 or approximately 49% of the recipients were between the ages (21–40) years, 11,047 or approximately 49% were in the age– group (41–60) years, and 390 or approximately 2% were between the ages of (16‑20) years.

The average age of the male recipients was 41 years and that of the females, 38 years.
The overall average age was 40 years.

Table M in the Annex classifies the number of sickness spells paid by age‑group, employment status and sex.

An analysis of the spells paid by sector showed that 6,059 or approximately 27% of the spells arose from workers in the sugar sector, while 16,433 or approximately 73% arose from workers in the remaining industries combined.
Spells by diagnosis revealed that 2,326 or approximately 10% were due to diseases of the respiratory system, 2,414 or approximately 11% were due to conditions resulting from accident, poisoning and violence, 2,625 or approximately 12% were due to diseases of the digestive system and 7,289 or approximately 32% were due to other specified and ill‑defined diseases.

The entire classification of sickness spells by diagnosis and sector is represented in Table N in the Annex.
The average duration of the spells paid in both sectors was 6 benefit days.

The average duration of spells paid to both males and females was also 6 benefit days.

This is shown in Table 15 overleaf.


28 Guyana National Insurance SchemeSAMPLE TABLE 15 NUMBER OF SICKNESS SPELLS PAID BY SEX, SECTOR AND AVERAGE DURATION 2012 SUGAR NON‑SUGAR BOTH SECTORS DESCRIPTION NUMBER AVERAGE DURATION NUMBER AVERAGE DURATION NUMBER AVERAGE DURATION Males Females TOTAL 5,326 733 6,059 6 5 6 7,862 8,571 16,433 7 6 6 13,188 9,304 22,492 6 6 6 A total of 21,194 spells were paid during 2011.

The 2012 total represents an increase of approximately 6%.
Table 16 below shows the average duration of spells and the percentage arising from the sugar sector during the period 2008 – 2012.
TABLE 16 NUMBER OF SICKNESS SPELLS PAID BY AVERAGE DURATION AND PERCENTAGE ARISING FROM SUGAR SECTOR 2008‑2012 DESCRIPTION 2008 2009 2010 2011 2012 Spells arising from: Males Females 10,274 7,5077 13,202 9,397 13,553 9,244 12,725 13,188 8,469 9,304 Males and Females 17,851 22,599 22,797 21,194 22,492 Average duration (Benefit days) Percentage arising from Sugar Sector 8 23 7 24 6 27 6 30 6 27 The Table above shows a fluctuating trend in the number of spells paid while the percentage arising from the sugar sector shows an overall increasing trend.
The average duration remains stable during the period of 2010‑ 2012.

29 Guyana National Insurance SchemeSAMPLE SICKNESS BENEFIT MEDICAL CARE A total of 22,553 claims for the reimbursement of Medical Expenses incurred through Sickness were paid during 2012.

Of this total, 10,029 or approximately 44% were related to males and 12,524 or approximately 56% to females.
The Sugar Sector accounted for 2,637 or approximately 12% of the claims, and the other Industries combined accounted for 19,916 or approximately 88%.

Of the claims from the Sugar sector, 2,217 or approximately 9.8% were from males, and 420 or approximately 1.8% were from females.

Correspondingly, the other Industries combined had 7,812 or approximately 34.6% males and 12,104 or approximately 53.7% females.

Table 17 below gives the distribution of Sickness Benefit Medical Care claims by Sex and Sector.
TABLE 17 DISTRIBUTION OF PAID SICKNESS BENEFIT MEDICAL CARE CLAIMS BY SEX AND SECTOR 2012 DESCRIPTION NO.

PERCENTAGE NO.

PERCENTAGE NO.

PERCENTAGE SUGAR NON‑SUGAR BOTH SECTORS MALES 2,217 FEMALES 420 MALES & FEMALES 2,637 10 2 12 7,812 12,104 19,916 35 54 89 10,029 12,524 44 56 22,553 100 The ages of the claimants ranged from 16 years to 59 years.

The average age of the males was 45 years and that of the females, 41 years.

The overall average age was 43 years.


Table O in the annex gives the distribution of Sickness Benefit Medical Care claims by Age‑ group, Sex and Sector.

An examination of the expenditure on Medical Care reveals that approximately 23% was expended on In‑ patient care and approximately 77% on Out‑ patient care.
An analysis of the total reimbursement reveals that, approximately 25.3 % was in relation to Drugs and Dressings, approximately 31.6% was in respect of Orthopedic and Prosthetic Care, approximately 1.7% was in respect of Medical Examinations and approximately 0.7% for treatment.

Further, approximately 12.2% was expended on Specialist Care, 0.1% was related to Fees to Medical Referees and 1.2% on Hospitalisation while 8.2% was in relation to miscellaneous expenses.

This is shown in Table 18 overleaf.


30 Guyana National Insurance SchemeSAMPLE TABLE 18 PERCENTAGE DISTRIBUTION OF SICKNESS BENEFIT MEDICAL CARE EXPENDITURE BY TYPE OF CARE 2012 Description Hosp.

Med.

Exam.

In‑Patient Out‑Patient In And Out Patient 1.2 0.0 1.2 0.2 1.5 1.7 Spec.

Care 4.8 7.4 12.2 Drugs & Dress.

Treat‑ ment Fees to Med.

Ref.

7.2 18.1 25.3 0.6 0.1 0.7 0.0 0.1 0.1 Orth.

& Prost.

Care 0.0 31.6 31.6 X‑Rays & Labs 4.5 14.5 19.0 Misc.
Total 4.2 4.0 8.2 22.7 77.3 100 The distribution by Sector shows that approximately 4% of the reimbursement of expenses for In‑ patient care arose from claimants in the Sugar Sector, while approximately 96% arose from claimants in the other Industries combined.

Similarly, for Out‑ patient care, approximately 4% of the expenses were reimbursed to claimants from the Sugar Sector and approximately 96% to claimants from the other Industries combined.

The average amount reimbursed was $20,505.


The number of claims paid during 2011 was 21,936.

The 2012 total of 22,553 therefore represents an increase of approximately 3% by comparison.

Of the 22,553 claims which were reimbursed, 6,075 had attached the payments of Sickness Benefit – replacement of income.

The remaining 16,478 were reimbursed for medical expenses only.

OVERSEAS MEDICAL CARE A total of 11 claims were reimbursed for medical expenses incurred abroad.
Of this total, 8 or approximately 73% were for males and 3 or approximately 27% were for females.

The total amount reimbursed was $7,042,206 of which $4,666,806 was paid to males and $2,375,400 was paid to females.

The average amount paid was $640,201.

EXTENDED MEDICAL CARE Ten thousand, six hundred and ninety claims were reimbursed for Medical Expenses under the Extended Medical Care Programme.

The claims were made by or on behalf of Old Age and Invalidity Pensioners.
A total of 4,974 or approximately 46.5% of the claims were made in respect of Eye Care, 830 or approximately 7.8% in respect of Dental Care and 4,886 or approximately 45.7% for other types of Medical Care.

Additionally, 6,815 or approximately 63.8% of the Claimants were males and 3,875 or approximately 36.2% were females.

The average amount expended for Eye Care was $11,305 and for Dental Care, $9,499.

31 Guyana National Insurance SchemeSAMPLE The overall average amount expended was $14,522.
During 2011, 9,755 claims were paid.

The number of claims paid during 2012 represents therefore an increase of approximately 9.5%.

MATERNITY ALLOWANCE During 2012, 3,567 Maternity claims were paid to 3,521 employed and 46 self‑employed women.

The age‑distribution of the recipients shows that 1,212 or approximately 34% were in the age‑group (16‑25) years, 1,046 or approximately 29% were in the age‑group (26‑30) years, and 858 or approximately 24% were in the age‑group (31‑35) years.
Further, 395 or approximately 11% were in the age‑group (36‑40) years, 53 or approximately 2% were in the age‑group (41‑45) years and 3 were in the age‑group (46‑60) years.

The ages of the recipients ranged from 17 years to 46 years and their average age was 29 years.

Table P in the Annex classifies the Maternity Allowances paid by Age‑group, Employment Status and Benefit Days.
The distribution of cases paid by benefit days shows that, of the 3,567 cases which received normal maternity allowances, that is, payment up to a maximum of 13 benefit weeks, 74 or approximately 2% were paid for the full period of 13 weeks, 2,002 or approximately 56% were paid for periods ranging from 3 weeks to 12 weeks and 1,491 or approximately 42% were paid for periods ranging from 1 day to 18 days.

The average amount of maternity allowance was $72,863.00 and the average duration was 43 benefit days.
During 2011, 3,538 claims for maternity allowance were paid.

The 2012 total of 3,567 therefore represents an increase of approximately 1%.

The number of cases paid annually, along with the average duration for the period 2008‑2012 is shown in Table 19 overleaf.
32 Guyana National Insurance SchemeSAMPLE TABLE 19 NUMBER OF MATERNITY ALLOWANCES PAID AND AVERAGE DURATION 2008‑2012 DESCRIPTION 2008 2009 2010 2011 2012 Number of Cases 2,677 3,113 3,326 3,538 3,567 Average Duration (Benefit Days) 43 43 43 46 43 The Table above exhibits an overall increasing trend in the number of cases paid, while the average duration shows a stable trend for the period 2008‑2010.

Table Q in the Annex shows the number of Maternity Allowances by the Amount Paid and Benefit Days.
MATERNITY GRANT One thousand, seven hundred and seventy‑eight claims for maternity grant were processed during 2012.

Of this amount, 1,646 were paid and 132 were not paid.

A total of 1,080 of the persons who were paid Maternity Grant also received the Maternity Allowance.
An analysis of the claims which were not paid reveals that 19 claimants submitted duplicate claims, 12 had given insufficient information, 11 claimants did not satisfy the contribution requirement for the receipt of the benefit and 90 submitted invalid claims.

Of the 1,646 Claims which were paid, 1,639 or approximately 99.6% were paid to claimants who qualified for the benefit in their own right.
The remaining 7 claims were paid to women whose spouses were insured and met the contribution requirement for the benefit.

The age analysis reveals that 47 or approximately 3% of the recipients were in the age‑group (16‑19) years, 430 or approximately 26% were in the age‑group (20‑24) years and 506 or approximately 31% were in the age‑group (25‑29) years.
Further, the age‑group (30‑34) years accounted for 414 or approximately 25% of the recipients while the age‑group (35‑39) years accounted for 208 or approximately 13%.

Of the remaining 41 recipients, 37 were in the age‑group (40 ‑ 44) years, 3 were in the age – group (45‑49) years and 1 was in the age‑group (50‑54) years.

The average age of the recipients was 28 years.

Table 20 overleaf shows the number of maternity grants paid by age‑group, employment category and insured status.
33 Guyana National Insurance SchemeSAMPLE TABLE 20 NUMBER OF MATERNITY GRANTS PAID BY AGE‑GROUP, EMPLOYMENT CATEGORY AND INSURED STATUS 2012 EMPLOYED SELF‑EMPLOYED BOTH CATEGORIES DIRECTLY INSURED SPOUSE INSURED DIRECTLY INSURED SPOUSE INSURED DIRECTLY INSURED SPOUSE INSURED TOTAL ‑ 1 1 3 1 ‑ ‑ 1 ‑ 7 ‑ 7 9 11 3 1 1 ‑ ‑ 32 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 47 429 505 411 207 37 3 ‑ ‑ 1,639 ‑ 1 1 3 1 ‑ ‑ 1 ‑ 7 47 430 506 414 208 37 3 1 ‑ 1,646 AGE GROUP 16 – 19 20 ‑ 24 25 ‑ 29 30 ‑ 34 35 ‑ 39 40 ‑ 44 45 – 49 50 ‑ 54 55 – 59 47 422 496 400 204 36 2 ‑ ‑ TOTAL 1,607 The rate of maternity grant is presently fixed at $2,000.00 The recipients had among them 2,175 children under the age of eighteen years.
An age distribution of these children shows that 1,646 or approximately 75% were under 1 year, 363 or approximately 17% were between the ages of (1‑5) years, 109 or approximately 5% were between the ages of (6‑10) years and 57 or approximately 3% were over 10 years old.

During the year 2011, 1,581 maternity grants were paid.

The 2012 total of 1,646 therefore represents an increase of approximately 4%.

CONSTANT ATTENDANCE No Constant Attendance Benefit was paid during the year 2012.
34 Guyana National Insurance SchemeSAMPLE INDUSTRIAL BENEFITS BRANCH INJURY BENEFIT A total of 2,232 claims for Injury Benefit were processed during 2012.

Of this total, 576 were disallowed and 1,656 were allowed.
An examination of the spells which were disallowed revealed that 28 were related to claimants who submitted duplicate claims, 12 were related to claimants whose medical certificates were deemed invalid, 76 claimants did not provide sufficient information for the processing of the benefit, 181 were related to claimants who were incapacitated for less than 4 days and 40 claimants submitted their claims late.
In addition, 58 were as a result of the claimants’ non‑incapacity for work and 78 were related to claimants who were paid full wages by their employers.

Further, 9 were related to claimants who submitted duplicate medical certificates, 40 had reached the maximum period for the benefit, that is 26 weeks of payment and 4 were as a result of non‑insurability.
Of the remaining claims which were disallowed, 39 were logged in error, 3 were due to serious willful misconduct, 3 were transferred and 5 were invalid accounts.

All of the 1,656 spells which were paid, were terminated upon full recovery of the Insured Persons.

The average duration of these spells was approximately fourteen (14) benefit days.

This is shown in Table 21 below.
TABLE 21 NUMBER OF INJURY SPELLS PAID BY REASON FOR TERMINATION, BENEFIT DAYS AND SEX 2012 MALES FEMALES MALES & FEMALES REASON FOR TERMINATION NUMBER OF CASES BENEFIT DAYS NUMBER OF CASES BENEFIT DAYS NUMBER OF CASES BENEFIT DAYS Recovery 1,547 21,260 109 1,348 1,656 22,608 Termination of Benefit after full 26 weeks period Provisional Disablement ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ TOTAL 1,547 21,206 109 1,348 1,656 22,608 The total number of male and female recipients of the benefit was 1,547 and 109 respectively.
35 Guyana National Insurance SchemeSAMPLE The distribution by Sector revealed that 1,280 or approximately 77% of the spells originated from workers in the sugar sector and consisted of 1,227 males and 53 females.

The remaining 376 or 23% of the spells were from workers in the other Industries combined and consisted of 320 males and 56 females.

Table 22 below gives the number of Injury Spells by sex and sector.
TABLE 22 NUMBER OF INJURY SPELLS PAID BY SEX AND SECTOR 2012 DESCRIPTION Males Females Males & Females SUGAR NON‑SUGAR BOTH SECTORS NUMBER OF CASES 1,227 53 1,280 % 74 3 77 NUMBER OF CASES 320 56 376 % 19 4 23 NUMBER OF CASES 1,547 109 1,656 % 93 7 100 An age analysis shows that 693 or approximately 42% of the spells pertain to persons in the age‑group (16‑35) years and 954 or approximately 58% to the age‑group (36‑60) years.
There was one (1) person below age 16 and eight (8) persons over 60 years who also received the benefit.

The average age of the male recipients was 38 years and that of the females, 41 years.

The overall average age was 38 years.

Table R in the Annex gives the number of Injury Cases paid by Age‑group and Sex.

The average duration of the spells that were paid to males was 14 benefit days and to the females, 12 benefit days.

The overall average duration was 14 benefit days.


The number of Injury Spells paid by Benefit Days, Sector and Sex is given in Table S in the Annex.

The average amount paid as Injury Benefit was approximately $27,301.00.

A total of 1,847 Claims for Injury Benefit were paid during 2011.

The 2012 total therefore represents a decrease of approximately 10%.
The number of spells paid during the period 2008‑2012, the percentage arising from the Sugar Sector and the average duration of these spells are shown in Table 23 overleaf.
36 Guyana National Insurance SchemeSAMPLE TABLE 23 NUMBER OF INJURY SPELLS PAID, PERCENTAGE ARISING FROM THE SUGAR SECTOR AND AVERAGE DURATION OF SPELLS 2008‑2012 DESCRIPTION 2008 2009 2010 2011 2012 Number of Spells 2,026 1,859 2,003 1,847 1,656 Percentage Arising from Sugar Sector 74 Average Duration (Benefit Days) 11 66 12 73 15 71 14 77 14 The Table above shows a fluctuating trend in the number of spells paid and the percentage arising from the Sugar Sector, while the average duration shows an increasing trend over the period 2008‑2012.
INJURY BENEFIT MEDICAL CARE One thousand and ninety claims for Injury Benefit Medical Care were paid during 2012.

The recipients were 985 or approximately 90% males and 105 or approximately 10% were females.

The distribution by Sector shows that 590 or approximately 54.1% of the claims were workers in the Sugar Sector and 500 or approximately 45.9% were from workers in the other Industries combined.
A further analysis shows that the recipients from the Sugar Sector comprised 559 males and 31 females, while those from the other Industries combined consisted of 426 males and 74 females.

This is shown in Table 24 below.

TABLE 24 NUMBER OF INJURY BENEFIT MEDICAL CARE CLAIMS PAID BY SEX AND SECTOR 2012 DESCRIPTION SUGAR NON‑SUGAR BOTH SECTORS Males Females Males & Females NO.

559 31 590 PERCENTAGE NO.

PERCENTAGE 51.3 2.8 54.1 39.1 6.8 45.9 426 74 500 37 NO.
985 105 1,090 PERCENTAGE 90.4 9.6 100 Guyana National Insurance SchemeSAMPLE An age analysis shows that 1,076 or approximately 99% of the recipients were between the ages of 16 years and 60 years, while the remaining 14 or approximately 1% were over 60 years of age.

The average age of the male recipients was 38 years and that of the females, 47 years.

The overall average age was 39 years.

Table T in the Annex shows the number of Injury Benefit Medical Care Claims paid by Age‑ group, Sector and Sex.
An examination of the types of care extended shows that approximately 7.7% of the cost was related to In‑ patient care and approximately 92.3% to Out‑ patient care.

Further, for Out ‑ Patient care, 12.3% was related to workers in the Sugar Sector and 80.0% to workers in the other Industries combined.

Correspondingly, the 7.7% which was expended on In‑Patient Care, related to workers in the other Industries combined.

This is shown in Table 25 below.
TABLE 25 INJURY BENEFIT MEDICAL CARE COST BY SECTOR AND TYPE OF CARE (PERCENTAGE‑WISE) 2012 TYPE OF CARE SUGAR NON‑SUGAR BOTH SECTORS In‑Patient Out‑Patient TOTAL ‑ 12.3 12.3 7.7 80.0 87.7 7.7 92.3 100 A further analysis shows that approximately 15.2% of the reimbursements was in respect of drugs and dressing, approximately 10.4% was in respect of treatment, approximately 30.4% was in respect of specialist care, approximately 5.1% was for medical examinations and approximately 7.7% for hospitalization.
In addition, approximately 2.8% was for travelling and subsistence, 8.7% was for other expenses, 0.8% was for fees to medical referees and expenses such as laboratory and x‑rays accounted for 18.9% of the total expenses.

Table 26 overleaf shows the percentage distribution of Injury Benefit Medical Care Cost by the Type of Care given.

38 Guyana National Insurance SchemeSAMPLE TABLE 26 PERCENTAGE DISTRIBUTION OF INJURY BENEFIT MEDICAL CARE COST 2012 DESCRIPTION Hosp.

Med.
Med.

Exam Specialist Care Treatment Drugs & Dressings X‑Rays & Lab In‑Patient Out‑Patient In and Out Patient 7.7 ‑ 7.7 ‑ 5.1 5.1 ‑ ‑ ‑ ‑ 30.4 30.4 10.4 10.4 15.2 15.2 18.9 18.9 Fees for Med.

Ref., Surgeon & Theatre Sub.

& Travel.

Misc.

Expenses TOTAL ‑ 0.8 0.8 ‑ 2.8 2.8 ‑ 8.7 8.7 7.7 92.3 100 Of the claims paid, 752 or approximately 69% had attached the payment of Injury Benefit – Replacement of Income, while the remaining 338 or approximately 31% were for Medical Expenses only.
During 2011, 1,929 claims for Injury Benefit Medical Care were paid.

The 2012 total of 1,090 therefore represents a decrease of approximately 43.5%.

OVERSEAS MEDICAL CARE There was no claim for reimbursement of Overseas Injury Medical Care for 2012.

DISABLEMENT PENSION During 2012, there were 25 awards of Disablement Pensions.

The awards were made to 24 males and 1 female.

The age distribution revealed that 2 pensioners were in each of the age‑groups (20‑24) years and (25‑29) years.
Further 3 each were in the age‑groups (40‑44) years, (45‑49) years and (55‑59) years.

The remaining 12 were in the age‑groups (30‑34) years, (50‑54) years and (60‑64) years.

The average age of the male recipients was 42 years and that of the female, 58 years.

The overall average age was 42 years.

The Sugar Sector accounted for 10 of the recipients, while the other Industries combined accounted for 15 recipients.
39 Guyana National Insurance SchemeSAMPLE An analysis by Percentage of Disability shows that 14 or approximately 56% of the pensioners were assessed at disabilities ranging from 20% to 30%.

Further, six (6) were assessed at 40% disability and one (1) each at disabilities ranging from 50% to 100%.

This is shown in Table 27 below.
TABLE 27 DISABLEMENT PENSIONS BY PERCENTAGE OF DISABILITY, SECTOR AND SEX 2012 PERCENTAGE OF DISABILITY 20 25 30 40 50 60 70 80 90 100 TOTAL SUGAR NON‑SUGAR BOTH SECTORS MALES FEMALES TOTAL MALES FEMALES TOTAL MALES FEMALES TOTAL 6 1 2 ‑ ‑ ‑ ‑ ‑ ‑ ‑ 9 1 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1 7 1 2 ‑ ‑ ‑ ‑ ‑ ‑ ‑ 10 2 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 2 ‑ ‑ 2 6 1 1 1 1 ‑ 1 2 ‑ 2 6 1 1 1 1 ‑ 1 8 1 2 ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1 ‑ 2 6 1 1 1 1 ‑ 1 9 1 4 6 1 1 1 1 ‑ 1 13 15 11 14 25 The distribution by nature of disability reveals that 2 cases resulted from cuts and lacerations, injury to eyes, sprains and strains as well as other injuries.
Further, six (6) each were as a result of fractures and amputations, one (1) resulted from burns and scalds and the remaining four (4) from post – traumatic paralysis of joints.

Table 28 overleaf gives the number of Disablement Pensions awarded by Nature of Disability and Location of Injury.
40 Guyana National Insurance SchemeSAMPLE TABLE 28 NUMBER OF DISABLEMENT PENSIONS BY NATURE OF DISABILITY AND LOCATION OF INJURY 2012 Head Upper Extremities Lower Extremities NATURE OF DISABILITY Trunk Eyes Others Fingers Others Legs & Feet Injuries Not Specifically Located to any part of the Body TOTAL Cuts and Lacerations Fractures Injury to Eyes Amputations Head Injuries Sprains and Strains Burns & Scalds Post‑ Traumatic Paralysis of joints, limbs and other parts of the Body Other Injuries Dislocations TOTAL ‑ ‑ 2 ‑ ‑ ‑ ‑ 1 ‑ ‑ 3 ‑ ‑ ‑ ‑ ‑ ‑ 1 1 1 ‑ 3 ‑ ‑ ‑ ‑ ‑ 2 ‑ ‑ ‑ ‑ 2 1 3 ‑ 2 ‑ ‑ ‑ 1 ‑ ‑ 7 1 1 ‑ 3 ‑ ‑ ‑ ‑ ‑ ‑ 5 ‑ 1 ‑ 1 ‑ ‑ ‑ 1 ‑ ‑ 3 ‑ 1 ‑ ‑ ‑ ‑ ‑ ‑ 1 ‑ 2 2 6 2 6 ‑ 2 1 4 2 ‑ 25 The Table above shows that 3 or approximately 12% of the disabilities were confined to the lower extremities and 12 or 48% to the upper extremities.
Of the remaining ten (10), 6 or approximately 24% were confined to the head, two (2) were to the trunk and two (2) were not specifically located to any particular part of the body.

41 Guyana National Insurance SchemeSAMPLE An analysis by cause of accident revealed that four (4) of the injuries sustained resulted from means of transport.

Three (3) each were as a result of persons falling, falling objects, operating machinery and other causes.
Further, two (2) each resulted from the use of cutlasses and the use of hand tools.

The remaining five (5) were as a result of persons striking against or coming into contact with objects.

The occupational analysis shows that ten (10) or approximately 40% of the awardees were craftsmen or technical workers, seven (7) or approximately 28% were service workers and the remaining eight (8) or approximately 32% were clerical workers The average monthly amount awarded was approximately $14,620.00.
Table U in the Annex gives the number of Disablement Pensions awarded by Nature of Disability and Total Monthly Amounts.

A total of 38 Disablement Pensions were awarded during 2011.

The 2012 total of 25 therefore represents a decrease of approximately 34%.

The number of Disablement Pensions awarded over the period 2008 ‑ 2012 is shown in Table 29 below.
TABLE 29 NUMBER OF DISABLEMENT PENSIONS AWARDED ANNUALLY 2008‑2012 SECTOR SUGAR NON‑SUGAR BOTH SECTORS 2008 2009 2010 2011 2012 14 8 22 7 13 20 7 11 18 15 23 38 10 15 25 The table above shows a fluctuating trend over the period 2008 – 2012.

At the beginning of the year, there were 1,789 pensions in payment to 1,606 males and 183 females at an average monthly rate of $6,295.00.

During the year, 25 Pensioners were awarded and 24 were terminated.
Of the amount terminated, eleven (11) were due to the death of the recipients and three (3) because the Claimants’ disability no longer existed.

Further one (1) each was terminated because the Claimant was in receipt of either Old Age or Invalidity Pension and an invalid account exists.

The remaining eight (8) were terminated because the cases were closed.

At the end of the year, there were 1,790 Pensions in payment to 1,610 males and 180 females at an average monthly rate of $6,447.00.
Table 30 overleaf shows the movement of Disablement Pensions during 2012.

42 Guyana National Insurance SchemeSAMPLE TABLE 30 MOVEMENT OF DISABLEMENT PENSIONS 2012 MALES FEMALES TOTAL DESCRIPTION NUMBER OF CASES AVERAGE AMOUNT ($) NUMBER OF CASES AVERAGE AMOUNT ($) NUMBER OF CASES AVERAGE AMOUNT ($) 1,606 *6,451 183 *4,923 1,789 6,295 24 20 15,052 3,702 1 4 4,247 3,247 25 24 14,620 3,626 1,610 6,613 180 4,957 1,790 6,447 Pensions in payment at the beginning of the year Pensions granted during the year.
Pensions terminated during the year.

Pensions in payment as at December 31, 2011 * Adjusted Figure DISABLEMENT GRANT During the year, 41 Disablement Grants were awarded to 39 males and 2 females.

The ages of the awardees ranged from 20 years to 64 years.

The average age of the males was 43 years and that of the females, 49 years.

The overall average age was 44 years.


The Sugar Sector accounted for 24 or approximately 59% of the recipients, while the other Industries combined accounted for 17 or approximately 41%.

This is shown in Table 31 below.


TABLE 31 NUMBER OF DISABLEMENT GRANTS PAID BY SEX AND SECTOR 2012 DESCRIPTION Males Females Males & Females SECTOR SUGAR 24 NON‑SUGAR 15 ‑ 24 2 17 43 BOTH SECTORS 39 2 41 Guyana National Insurance SchemeSAMPLE An analysis by Nature of Injury shows that six (6) awardees suffered from Post Traumatic Ankylosis of Joints, Limbs or other parts of the body and two (2) each suffered from dislocations, sprains and strains and burns and scalds.
Further, four (4) were as a result of cuts and lacerations, eight (8) from fractures, eleven (11) from amputations, one (1) resulted from punctured wounds and the remaining five (5) from other injuries This is shown in Table 32 below.
TABLE 32 NUMBER OF DISABLEMENT GRANTS PAID BY NATURE OF DISABILITY AND LOCATION OF INJURY Nature of Disability Head Trunk & other Uro-Genital Organs 2012 LOCATION OF INJURY Upper Extremities Lower Extremities Eyes Others Fingers Others Legs & Feet Cuts & Lacerations Dislocations Fractures Injury to Eyes Sprains & Strains Post Traumatic Paralysis of Joints, Limbs or other parts of the Body.
Amputation Burns & Scalds Other Injuries Punctured Wounds TOTAL - - - - - - - - - - - - - - - - - - 1 - - 1 - 1 2 - 2 - - - 1 - 6 2 - 1 - - 3 10 - 1 - 17 1 1 3 - - 1 - - - 1 7 1 - 2 - - 2 1 - 2 - 8 General Injury- not located to any particular part of the Body Total - - - - - - - 1 1 - 2 4 2 8 - 2 6 11 2 5 1 41 The Table also shows that twenty four (24) of the awardees suffered injuries to the upper extremities with 17 of them being confined to their fingers.
Further, eight (8) suffered injuries to the lower extremities (legs and feet), six (6) to the trunk, one (1) to the head and the remaining two (2) suffered general injuries not located to any particular part of the body.

An analysis by cause of accident revealed that of the injuries sustained, three (3) each resulted from falling objects and the use of cutlasses.

Two (2) each resulted from fire or explosion and means of transport.
Further eight (8) were as a result of persons falling, six (6) resulted from coming into contact with objects, seven (7) from use of hand tools and the remaining ten (10) were as a result of operating machinery and other causes.

44 Guyana National Insurance SchemeSAMPLE The distribution by degree of disability shows that one (1) each was assessed at 6%, 9%, 11% and 12% disability and two (2) each were assessed at 2% and 14% disability respectively.
Further, six (6) were assessed at 3% disability, three (3) at 7% and ten (10) at 5% disability.

The remaining 14 were assessed at 10% disability.

This is shown in Table 33 below.
TABLE 33 NUMBER OF DISABLEMENT GRANTS PAID BY PERCENTAGE OF DISABILITY, SEX AND SECTOR 2012 Percentage of Disability SUGAR NON‑SUGAR BOTH SECTORS Males Females Total Males Females Total Males Females Total TOTAL 2 3 ‑ 4 1 3 ‑ 1 8 ‑ ‑ ‑ 2 24 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 2 3 ‑ 4 1 3 ‑ 1 8 ‑ ‑ ‑ 2 24 ‑ 3 ‑ 6 ‑ ‑ ‑ ‑ 4 1 1 ‑ ‑ 15 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 2 ‑ ‑ ‑ ‑ 2 ‑ 3 ‑ 6 ‑ ‑ ‑ ‑ 6 1 1 ‑ ‑ 17 2 6 ‑ 10 1 3 ‑ 1 12 1 1 ‑ 2 39 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 2 ‑ ‑ ‑ ‑ 2 2 6 ‑ 10 1 3 ‑ 1 14 1 1 ‑ 2 41 The average amount paid as Disablement Grant was $219,994.00.
During 2011, 42 Disablement Grants were awarded.

The 2012 total of 41 therefore represents a decrease of approximately 2%.

Table V in the Annex classifies the number of Disablement Grants paid by Age‑group, Sex and Amount Paid.

INDUSTRIAL DEATH PENSION One (1) Industrial Death Pension was awarded during 2012.

The recipient was a widow who had children of the deceased in her care.

The age of the deceased was 39 years and that of the widow, 28 years.
45 Guyana National Insurance SchemeSAMPLE The ages of the children who were included in the benefit were 11 and 13 years.

An examination of the nature of injury which resulted in the death shows that the person died from drowning.

An analysis by cause of accident reveals that the injury sustained resulted from other causes.

This is shown in Table 34 below.
TABLE 34 NUMBER OF INDUSTRIAL DEATHS BY NATURE OF INJURY AND CAUSE OF ACCIDENT 2012 POWER DRIVEN MACHINERY MEANS OF TRANSPORT ACCIDENTS CAUSED OTHERWISE THAN BY MACHINERY, HANDLING GOODS OR MEANS OF TRANSPORT CAUSE OF ACCIDENT PRIME MOVER POWER DRIVEN FIRE OR EXPLOSION PERSON FALLING ANIMALS FALLING OBJECTS STRIKING AGAINST OR COMING INTO CONTACT WITH OBJECTS ELECTRICAL SHOCK OTHER CAUSES TOTAL ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1 1 1 1 NATURE OF INJURY Drowning TOTAL Table W in the Annex gives a Distribution of Industrial Death Pensions by Nature of Injury and Conditions of Award.
At the beginning of the year, there were 469 Industrial Death Pensions in payment to 398 widows, 62 parents and 9 orphans.

During the year, one (1) pension was awarded to a widow at a monthly rate of $18,374.00.

Four (4) pensions paid to three (3) widows and an orphan, were terminated – one (1) was due to the death of the recipient, one (1) resulted from the pensioner being in receipt of either Old Age or Invalidity Pension and the other as a result of the cases being closed.
Further, there was an alteration to one Pension as a result of one of the orphans attaining the age of 18 years.

At the end of the year therefore, there were 467 Industrial Death Pensions in payment to 396 Widows, 62 Parents and 9 Orphans.

The movement of Industrial Death Pensions is shown in Table 35 overleaf.

46 Guyana National Insurance SchemeSAMPLE TABLE 35 MOVEMENT OF INDUSTRIAL DEATH PENSIONS 2012 WIDOWS PARENTS ORPHANS TOTAL DESCRIPTION NO.

AVERAGE AMOUNT PAID ($) NO.

AVERAGE AMOUNT PAID ($) NO.


AVERAGE AMOUNT PAID ($) Pensions in payment at the beginning of the year Pensions granted during the year.

Pensions terminated during the year.


Alterations 398 *12,461 62 *7,788 1 3 ‑ 18,374 8,745 ‑ ‑ ‑ ‑ ‑ ‑ ‑ Pensions in payment as at December 31, 2012 396 12,504 62 7,788 9 ‑ ‑ 1 9 *3,987 469 11,681 ‑ ‑ 8,966 1 3 1 18,374 8,745 8,966 2,991 467 11,695 *Adjusted Figure Figure III overleaf shows a comparison of all benefits payment for the years 2011 and 2012.

MEDICAL ADJUDICATION OF CLAIMS During 2012, a total of 7,374 persons were seen by personnel of the Medical Department.
Of this total, 1,833 were seen at Hospitals, 5,101 were seen at their homes and 440 were seen by the Medical Advisor of the Organization.

CASES REFERRED TO MEDICAL BOARD (INDUSTRIAL) The Industrial Medical Board dealt with 94 cases during the year under review.

This total comprised 46 new cases and 48 review cases, that is, cases that were previously placed before the Board but required follow‑up action.
The results of the determinations revealed that 36 persons were considered fit‑for‑work with permanent partial disability, 7 were referred for further treatment and 22 cases were considered completely fit for work.

Further, 47 Guyana National Insurance SchemeSAMPLE 27 cases were not processed due to the absence of claimants, 1 case was returned to the Local Office and leave past fit‑for‑work date was not accepted for 1 case.
The number of cases placed before the Industrial Medical Board during the period 2008 – 2012 is shown in Table 36 below.
TABLE 36 CASES PLACED BEFORE MEDICAL BOARD (INDUSTRIAL) 2008‑2012 DESCRIPTION 2008 2009 2010 2011 2012 Number of Cases Boarded 127 Medical Treatment Recommended Cases Awarded Disablement Benefit Leave Past Fit‑for‑Work Dates accepted Leave Past Fit‑for‑Work Dates not accepted Medical Treatment Not Recommended Cases Struck Off Claimants’ Absence Returned to Local Office Percentage Genuine Cases 35 49 ‑ 2 27 ‑ 14 ‑ 66 58 14 22 ‑ 6 14 ‑ 4 ‑ 62 80 14 24 ‑ 4 13 ‑ 25 ‑ 48 165 22 73 ‑ 4 23 ‑ 36 7 58 94 7 36 ‑ 1 22 ‑ 27 1 46 The Table above shows a decrease in the number of genuine cases placed before the Medical Board during 2012.
48 Guyana National Insurance SchemeSAMPLE 49 Guyana National Insurance SchemeSAMPLE CASES REFERRED TO MEDICAL BOARD (NON‑INDUSTRIAL) During the year under review, 149 Non‑Industrial cases were placed before the Medical Board.

This total comprised 120 new cases and 29 cases that were up for review.
The results of the determinations revealed that 27 persons were deemed invalids, 12 persons were referred for further treatment, of which 3 were recommended for treatment overseas and reimbursement was recommended for 4 cases.

Further, 61 cases were disallowed, 33 cases were not processed due to the absence of the claimants, 3 cases were returned to the Local Office, 1 person was deceased and leave past fit‑for‑work date was accepted for 8 cases.
MEDICAL TREATMENT ABROAD A total of 19 Insured Persons were given permission to seek medical treatment abroad and were reimbursed a maximum of 80% of their medical expenses subject to a ceiling of $1,136,600.

The distribution by country of treatment reveals that 13 persons went to Trinidad, 3 to the United States of America, and 1 each to Brazil, Canada and Suriname.

VISITS BY NURSES A total of 5,322 visits were made by Nurses/Sick Visitors of the Medical Department during 2012.
Of this total, 5,016 were made to the homes of Insured Persons and 306 to hospitals.

The number of persons seen in homes amounted to 5,101 of which approximately 84% were pensioners and approximately 16% were claimants or prospective claimants.

Table 37 below shows the number of visits made by the Nurses/Sick Visitors during the period 2008‑2012.
TABLE 37 VISITS MADE BY NURSES/SICK VISITORS 2008‑2012 DESCRIPTION 2008 2009 2010 2011 2012 Number of visits 2,155 3,890 *9,874 10,378 5,322 *Adjusted Figure The Table above shows an overall fluctuating trend during the period 2008‑2012.

50 Guyana National Insurance SchemeSAMPLE APPEALS TO TRIBUNAL During 2012, there were 1,920 appeals for processing.

Of this total, 1,356 were brought forward from 2011.

Thirty‑three (33) appeals were withdrawn during the year.
Old Age Benefit accounted for 1,580 or approximately 82% of the appeals and Sickness Benefit accounted for 167 or approximately 9%.

The Appeals Tribunal adjudicated on 76 of the appeals submitted, of which 1 was allowed, 53 were disallowed and 22 were adjourned.

Further, the General Manager reviewed and allowed 525 appeals.

At the end of the year therefore, there were 1,341 appeals outstanding.
ESTABLISHMENT AND ORGANISATION STAFFING At the beginning of the year, the Organization had in its employ 640 Staff consisting of 531 permanent and 109 temporary employees.

During the year, 42 persons comprising 4 permanent and 38 temporary employees were recruited.

There were 50 exits consisting of 31 persons from the permanent category and 19 from the temporary category.

In addition, 23 temporary employees were appointed to permanent positions.
A breakdown of the exits from the permanent and temporary categories show that 29 persons had resigned, 3 had their services terminated, 14 retired, 3 were dismissed and 1 died.

At the end of the year therefore, there were 632 employees on roll, of which 527 were permanent and 105 were temporary.

TRAINING AND PUBLIC RELATIONS During 2012, 41 training programmes were mounted for employees of the Scheme.

The programmes were generally directed at maintaining and improving organizational efficiency.
Of the 41 training programmes, 31 were internal training, seven (7) were external courses sponsored by agencies within the country and three (3) were external training programmes which were conducted overseas.

This resulted in 449 employee‑exposures through internal programmes and 16 employee‑exposures through external programmes conducted locally.

Five (5) Senior Officers of the Organisation were exposed to the training programmes which were conducted overseas.
51 Guyana National Insurance SchemeSAMPLE The internal programmes comprised training sessions in areas such as Employee Orientation/ Induction, Customer Service, Performance Appraisal, Leadership and Decision‑ Making, Health Management, Supervisory Programme, Prosecutor’s Programme, Processing of Sickness and Maternity Benefit Claims among others.
The external programmes which were conducted locally comprised training in areas such as Counterfeit Detection, Supply Strategies for different types of purchases, Energy Management, Tools and Techniques for Auditors and forensic Auditing.

The overseas programmes comprised training in areas such as Policy, Information Systems, Compliance and Financial Risk Management.
The objective of the Policy programme was to promote policy dialogue on policy options and best practices in developing health financing systems that support moving towards universal health coverage in the Caribbean and identify main challenges to guarantee the sustainability of this coverage.

The Compliance programme focused on the Business Environment, the role of the Compliance Officer, Compliance and the Legal process, Effective Report‑writing, Debt Management and follow‑up.
In an effort to assist Organisations/Institutions in their awareness on National Insurance Regulations and Procedures, nineteen (19) Lecture/Discussion sessions were conducted for Public and Private Sector Employees, Schools, Trade Unions and Associations.

Lectures were conducted on the Purpose of NIS and Benefits offered by the Scheme, Structure and Function of Management in NIS and Records Management among others.

A total of 327 persons attended these sessions.


52 Guyana National Insurance SchemeSAMPLE Part 2 INCOME AND EXPENDITURE INCOME Income received from all sources during 2012 amounted to approximately $12,745M.
This amount was made up as follows: CONTRIBUTIONS INVESTMENT INCOME OTHER INCOME ‑ ‑ ‑ G $ 000 11,823,810 861,468 59,381 12,744,659 The income was distributed among the three (3) Benefit Branches as follows: ‑ DESCRIPTION LONG TERM SHORT TERM INDUSTRIAL TOTAL Contributions 8,182,077 2,163,757 1,477,976 11,823,810 Investment Income 641,622 83,648 136,198 861,468 Other Income 19,833 19,774 19,774 59,381 TOTAL 8,843,532 2,267,179 1,633,948 12,744,659 * Figures in G $ 000 53 Guyana National Insurance SchemeSAMPLE During 2011, the total income received was approximately $11,856M.
The income for 2012 therefore, represents an increase of approximately 7.5%.

The income received during 2011 and 2012, is compared overleaf.

DESCRIPTION YEAR 2011 2012 PERCENTAGE INCREASE Contributions 10,813,775 11,823,810 9.3 Investment Income 990,928 861,468 ‑13.1 Gain on Disposal of Investment ‑ ‑ Other Income 50,989 59,381 TOTAL 11,855,692 12,744,659 ‑ 16.5 7.5 *Figures in G $ 000 EXPENDITURE Total Expenditure during 2012 amounted to approximately $13,219M.
Of this amount, approximately $11,718M was expended on Benefit Payments and approximately $1,501M on Administrative Expenses.

An analysis of the Benefit Payments shows that the Long Term Branch accounted for $10,259M or approximately 88% of the total Benefit Expenditure, with Old Age Benefit accounting for $8,609M.

The Short Term Branch accounted for $1,218M or approximately 10%, while the Industrial Benefit Branch accounted for $241M or approximately 2% of the amount expended on Benefit Payments.
The Table overleaf shows the distribution of Benefit Expenditure among the three (3) Branches.
54 Guyana National Insurance SchemeSAMPLE BENEFIT BRANCH AMOUNTS ($ 000) PERCENTAGE OF BENEFIT EXPENDITURE PERCENTAGE OF TOTAL EXPENDITURE LONG TERM 10,258,650 SHORT TERM INDUSTRIAL 1,217,750 241,149 TOTAL 11,717,549 88 10 2 100 78 9 2 89 The Table also shows that the Long Term Benefit Branch accounted for approximately 78% of the total Expenditure, the Short Term Branch approximately 9%, and the Industrial Branch approximately 2%.
The amounts expended on Benefits during 2011 and 2012 are compared in the Table below.

BENEFIT BRANCH AMOUNT EXPENDED DURING 2011 2012 PERCENTAGE INCREASE LONG TERM 9,390,085 10,258,650 SHORT TERM 1,106,129 1,217,750 INDUSTRIAL 233,531 241,149 TOTAL 10,729,745 11,717,549 9 10 3 9 Figures in G $ 000 The table above shows an increase of approximately 9% in total Benefit Payments between the years 2011 and 2012.

Administrative Expenses amounted to approximately $1,501M.
This represents an increase of approximately 0.3% over the 2011 total of approximately $1,497M.

55 Guyana National Insurance SchemeSAMPLE NATIONAL INSURANCE FUND At the beginning of the year, the National Insurance Fund was $30,410M.

Fair Value Adjustments of $1,088M resulted in an increase in the National Insurance Fund to $31,498M.

Income received during the year totalled $12,745M, while expenses amounted to $13,219M.
The Fund therefore realised a deficit of $474M, which when subtracted from the Fund at the beginning of the year, amounted to $31,024M.
The Fund as at 2012‑12‑31 was represented as follows: ‑ Fixed Assets valued at 2,244,955 $ 000 Investments valued at 27,900,960 Net current assets valued at 878,300 Deferred receivable (interest) ‑ National Insurance Fund 31,024,215 56 Guyana National Insurance SchemeSAMPLE 57 Guyana National Insurance SchemeSAMPLE INDEPENDENT AUDITORS’ REPORT TO THE MINISTER OF FINANCE THROUGH THE BOARD OF DIRECTORS OF NATIONAL INSURANCE SCHEME ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012 Report on the Financial Statements We have audited the accompanying financial statements of National Insurance Scheme, which comprise the statement of financial position as at 31 December 2012 and the statement of income and expenditure, statement of comprehensive income, statement of changes in reserves and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory notes as set out on pages 2 to 34.
Directors’/Management’s Responsibility for the Financial Statements The Directors/ Management are responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards.
This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with International Standards on Auditing.

Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.
The procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.
An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Guyana National Insurance Scheme 58 58 Guyana National Insurance Scheme SAMPLE Opinion In our opinion, the financial statements give a true and fair view, in all material respects of the financial position of National Insurance Scheme as at 31 December 2012 and of its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards.
Emphasis of Matter Without qualifying our opinion, we wish to emphasise that: (1) As stated in Note 22 of the financial statements, the actuaries reported several matters of concerns among which were that the present value of shortfall of the fund over the period 2012 – 2041 amounted to G$340.1 billion and also that cash flow deficits will continue in all years and reserves are expected to be exhausted in 2021.

The actuaries have made certain recommendations to ensure the future viability of the Scheme.
The Scheme’s actuary is responsible for the valuation of the Scheme in order to determine funding requirements.

When forming our opinion on the Scheme’s financial statements, we were not required and did not express an opinion as to the completeness or accuracy of the long term liabilities as this is determined by the Scheme’s actuaries.
(2) Investments of G$27,900,960,000 in the statement of financial position include an amount of G$5,148,710,000 and accrued investment income of G$291,420,000 in the statement of financial position includes an amount of G$90,274,000 from CLICO Life and General Insurance Company Ltd. CLICO Life and General Insurance Company Ltd. was put under judicial management in 2009.
Due to uncertainties regarding the future of CLICO Life and General Insurance Company Ltd and its ability to honour its debts when due, a unanimous Parliamentary Resolution was passed guaranteeing State support for the recovery of the investment as per note 23.

Report on Other Legal and Regulatory Requirements The financial statements comply with the requirements of National Insurance Act.
TSD LAL & CO. CHARTERED ACCOUNTANTS (An Independent Correspondent Firm of Deloitte Touche Tohmatsu) Date: January 27, 2014 77 Brickdam, Stabroek, Georgetown, Guyana Guyana National Insurance Scheme 5959 Guyana National Insurance Scheme SAMPLE NATIONAL INSURANCE SCHEME STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2012 Note Pensions G$000 Short‑term benefits G$000 Industrial benefits G$000 2012 Total G$000 2011 Total G$000 Income Contributions Investment income Other income 5(a) 5(b) 8,182,077 641,622 19,833 2,163,757 83,648 19,774 1,477,976 136,198 19,774 11,823,810 861,468 59,381 10,813,775 990,928 50,989 Total income Expenditure Old age benefit Old age grant Survivors benefit Invalidity pension Invalidity grant Funeral benefit Sickness benefit Maternity benefit Medical care sickness Constant attendant Disablement benefit Death benefit Employment injury Medical care ‑ injury benefit Administrative expenses 8,843,532 2,267,179 1,633,948 12,744,659 11,855,692 8,552,019 56,549 1,417,573 195,528 382 36,599 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 288,441 264,168 665,141 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 123,580 48,359 51,356 8,552,019 56,549 1,417,573 195,528 382 36,599 288,441 264,168 665,141 ‑ 123,580 48,359 51,356 7,699,985 108,325 1,338,962 208,028 816 33,969 262,434 220,003 623,556 136 108,820 51,286 53,551 ‑ 10,258,650 ‑ 1,217,750 17,854 241,149 17,854 11,717,549 19,874 10,729,745 5(c) 1,050,917 300,262 150,131 1,501,310 1,497,297 Total expenditure 11,309,567 1,518,012 391,280 13,218,859 12,227,042
 Excess/(deficit) of income over expenditure (2,466,035) 749,167 1,242,668 (474,200) (371,350) “The accompanying notes form an integral part of these financial statements”.
Guyana National Insurance Scheme 60 60 Guyana National Insurance Scheme SAMPLE NATIONAL INSURANCE SCHEME STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2012 2012 G$000 2011 G$000 Deficit of income over expenditure (474,200) (371,350) Other comprehensive income Gain arising on revaluation of:‑ Available for Sale financial assets Investment property Property, plant & equipment 278,760 658,400 150,828 199,457 ‑ ‑ Other comprehensive income for the year 1,087,988 199,457 Total comprehensive surplus/(deficit) for the year 613,788 (171,893) "The accompanying notes form an integral part of these financial statements".
Guyana National Insurance Scheme 6161 Guyana National Insurance Scheme SAMPLE NATIONAL INSURANCE SCHEME STATEMENT OF CHANGES IN RESERVES FOR THE YEAR ENDED 31 DECEMBER 2012 Pension reserve Short term reserve Industrial reserve Fixed assets revaluation reserve Investment property Investment revaluation revaluation reserve reserve Total G$ 000 G$ 000 G$ 000 G$ 000 G$ 000 G$ 000 G$ 000 14,873,210 4,277,603 10,284,558 563,568 583,381 ‑ 30,582,320 Balance at 31 December 2010 Excess/(deficit) of income over expenditure Fair value adjustment (2,200,021) 686,548 1,142,123 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (371,350) 199,457 ‑ 199,457 199,457 ‑ (171,893) Total comprehensive income for the year (2,200,021) 686,548 1,142,123 Balance at 31 December 2011 Excess/(deficit) of income over expenditure Fair value adjustment Total comprehensive income for the year Balance at 31 December 2012 12,673,189 4,964,151 11,426,681 563,568 782,838 ‑ 30,410,427 (2,466,035) 749,167 1,242,668 ‑ ‑ ‑ (474,200) ‑ ‑ ‑ 150,828 278760 658,400 1,087,988 (2,466,035) 749,167 1,242,668 150,828 278,760 ‑ (44,612) 10,207,154 5,713,318 12,669,349 714,396 1,061,598 658,400 31,024,215 "The accompanying notes form an integral part of these financial statements".
Guyana National Insurance Scheme 62 SAMPLE NATIONAL INSURANCE SCHEME STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2012 Notes 2012 G$000 ASSETS Fixed assets Investment property Investments Treasury bills Others Other assets Stores Sundry receivables and prepayment Accrued investment income Cash at bank Cash on hand 6 7 8 8 9 10(b) 10(a) 976,655 1,268,300 6,688,013 21,212,947 27,900,960 10,061 499,479 291,420 840,151 24,387 1,665,498 2011 G$000 844,180 609,900 7,835,308 20,502,219 28,337,527 13,360 395,408 528,980 148,938 34,753 1,121,439 TOTAL ASSETS 31,811,413 30,913,046 EQUITY AND LIABILITIES Reserves Pension reserve Short term reserve Industrial reserve Fixed assets revaluation reserve Investment revaluation reserve Investment property revaluation reserve 11(a) 11(b) 11(c ) 6(b) 12(a) 12(b) Current liabilities Unpaid benefits Sundry payables and accruals 13 14 10,207,154 5,713,318 12,669,349 714,396 1,061,598 658,400 31,024,215 512,260 274,938 787,198 12,673,189 4,964,151 11,426,681 563,568 782,838 ‑ 30,410,427 451,243 51,376 502,619 TOTAL EQUITY AND LIABILITIES 31,811,413 30,913,046 These financial statements were approved by the Board of Directors on 27th January 2014 On behalf of the Board: ………………………………… Director ………………………………… Director "The accompanying notes form an integral part of these financial statements".
63 Guyana National Insurance Scheme SAMPLE NATIONAL INSURANCE SCHEME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2012 Operating activities Deficit of income over expenditure Depreciation Adjustment to depreciation Adjustment to fixed assets Foreign exchange gain Loss/(gain) on disposal of fixed assets (Increase)/decrease in sundry receivables, prepayment and accrued income Increase in unpaid benefits, sundry payables and accruals Decrease in stores 2012 G$000 2011 G$000 (474,200) ‑ 45,528 ‑ (4,978) 61 133,489 284,579 3,299 (371,350) 56,428 (12) 619 (660) (139) (115,514) 97,491 2,988 Net cash used in operating activities (12,222) (330,149) Investing activities Purchase of fixed assets Proceeds from sale of fixed assets Increase in fixed deposits and securities Proceeds from sale/maturity of fixed deposits and securities Investment property (27,353) 117 (9,641,631) (42,019) 167 (11,873,461) 10,361,936 ‑ 12,549,736 (609,900) Net cash provided by investing activities 693,069 24,523 Net decrease in cash and cash equivalents 680,847 (305,626) Cash and cash equivalents at beginning of period 183,691 489,317 Cash and cash equivalents at end of period 864,538 183,691 Cash and cash equivalents Cash at bank Cash on hand 840,151 24,387 148,938 34,753 864,538 183,691 "The accompanying notes form an integral part of these financial statements".
Guyana National Insurance Scheme 64 SAMPLE 1.

Incorporation and activities The National Insurance Scheme came into existence by an Act of Parliament in September 1969.

The purpose of this Scheme is to establish a system of National Insurance and Social Security providing pensionary payments by way of old age benefits, invalidity benefits, survivors’ benefits, sickness, maternity and funeral benefits.

Number of employees The average number of employees of the Scheme was 536 (2011 ‑ 572).
Number of contributors The average number of contributors to the Scheme was: Self employed Employed 8,791 8,569 117,219 116,472 2012 2011 2.
New and revised standards and interpretations Effective for the current year end Effective for annual periods beginning on or after New and Amended Standards IFRS 1 Removal of Fixed Dates for First‑time Adopters IFRS 1 Severe Hyperinflation IFRS 7 Enhanced Derecognition Disclosure Requirements IAS 12 Amendments to IAS 12 – Income Taxes 1 July 2011 1 July 2011 1 July 2011 1 January 2012 Available for early adoption for the current year end New and Amended Standards IFRS 9 Financial Instruments: Classification and Measurement IFRS 9 Additions for Financial Liability Accounting IFRS 10 Consolidated Financial Statements IFRS 11 Joint Arrangements 65 1 January 2015 1 January 2015 1 January 2013 1 January 2013 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 2.
New and revised standards and interpretations – cont’d Effective for annual periods beginning on or after Available for early adoption for the current year end – cont’d New and Amended Standards – cont’d IFRS 12 Disclosure of Interests in Other Entities IAS 27(2011) Separate Financial Statements IAS 28(2011) Investments in Associates and Joint Ventures IFRS 13 Fair Value Measurement IAS 1(2011) Amendments to IAS 1 – Presentation of Other Comprehensive Income IAS 19 Amendments to IAS 19 – Employee Benefits IFRS 7 Financial Instruments ‑ Offsetting Financial Assets and Financial Liabilities IAS 32 Financial Instruments ‑ Offsetting Financial Assets and Financial Liabilities IFRS 1 First‑time Adoption of International Financial Reporting Standards (Government loans) IFRS 1 Amendments as part of improvements to IFRSs 2011 IAS 1 Amendments as part of improvements to IFRSs 2011 IAS 16 Amendments as part of improvements to IFRSs 2011 IAS 32 Amendments as part of improvements to IFRSs 2011 IAS 34 Amendments as part of improvements to IFRSs 2011 IFRS 10 Consolidated Financial Statements (Transitional arrangements) IFRS 11 Joint Arrangements (Transitional arrangements) IFRS 12 Disclosure of Interests in Other Entities (Transitional arrangements) IFRS 10 Consolidated Financial Statements (Exemptions) IFRS 12 Disclosure of Interests in Other Entities (Exemptions) IAS 27 Separate Financial Statements (Exemptions) New interpretation 1 January 2013 1 January 2013 1 January 2013 1 January 2013 1 July 2012 1 January 2013 1
 January 2013 1 January 2014 1 January 2013 1 January 2013 1 January 2013 1 January 2013 1 January 2013 1 January 2013 1 January 2013 1 January 2013 1 January 2013 1 January 2014 1 January 2014 1 January 2014 IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine 1 January 2013 The Scheme has not opted for early adoption.
The standards and amendments that are expected to have a material impact on the Scheme’s accounting policies when adopted are explained below.

66 ` Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 2.

New and revised standards and interpretations – cont’d IFRS 9 IFRS 9 was issued in November 2009 and was initially required to be applied from 1 January 2013.

However, new requirements were added in November 2010 and the revised date for adoption is now 1 January 2015.
This standard specifies how an entity should classify and measure its financial assets.

The application of IFRS 9 may have significant impact on amounts reported in respect of the Scheme’s financial assets and financial liabilities However, it is not practicable to provide a reasonable estimate of that effect until a detailed review has been completed.
When adopted, the standard will be applied retrospectively in accordance with IAS 8 IFRS 13 IFRS 13 establishes a single source of guidance for fair value measurements and disclosures about fair value measurements.

The Standard defines fair value, establishes a framework for measuring fair value, and requires disclosures about fair value measurements.
When adopted, the application of the new Standard may affect the amounts reported in the financial statements and result in more extensive disclosures in the financial statements.

IAS 1 The amendments to IAS 1 require additional disclosures to be made in the other comprehensive income section such that items of other comprehensive income are grouped into two categories.
The presentation of items of other comprehensive income will be modified accordingly when the amendments are applied in the future accounting periods.

IAS 32 Amends the disclosure requirements in IFRS 7 Financial Instruments, to require information about all recognised financial instruments that are set off.

The amendments also require disclosure of information about recognised financial instruments subject to enforceable master netting arrangements.
The directors anticipate that the application of these amendments to IAS 32 and IFRS 7 may result in more disclosures being made with regard to offsetting financial assets and financial liabilities in the future.
Amendments as part of Annual improvements to IFRSs IFRS 1 — Permit the repeated application of IFRS 1, borrowing costs on certain qualifying assets IAS 1 — Clarification of the requirements for comparative information IAS 16 — Classification of servicing equipment IAS 32 — Clarify that tax effect of a distribution to holders of equity instruments should be accounted for in accordance with IAS 12 Income Taxes IAS 34 — Clarify interim reporting of segment information for total assets in order to enhance consistency with the requirements in IFRS 8 Operating Segments.
67 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 2.

New and revised standards and interpretations – cont’d The directors do not anticipate that the amendments will have a significant effect on the Company’s financial statements.

IFRIC 20 The directors anticipate that IFRIC 20 will have no effect on the Scheme’s financial statements as the Scheme does not engage in such activities.
3 Summary of significant accounting policies (a) Accounting convention The financial statements have been prepared under the historical cost convention as modified for the revaluation of land and buildings and investments and conform with International Financial Reporting Standards.

(b) Revenue recognition (1) Contributions Employers’ and employees’ contributions are recognized as contribution income only when received.

All other income is accounted for on an accrual basis.
Contributions represent income from employed and self‑employed persons.

Contributions were collected at the rate of 13% of earnings (2011 – 13%).
The total contributions received were allocated in 2012 and 2011 as follows:‑ i) ii) iii) Pensions Short term benefits Industrial benefits ‑ ‑ ‑ 69.2% 18.3% 12.5% (2) Investment income: The total annual income from investments was distributed in 2012 and 2011 among the benefit branches as follows:‑ i) ii) iii) Pensions Short term benefits Industrial benefits ‑ ‑ ‑ 74.48% 9.71% 15.81% 68 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 3.
Summary of significant accounting policies – cont’d (b) Revenue recognition – cont’d (3) Other income: All other income to the fund which cannot be identified with any specific branch is distributed among the three branches in equal parts.

(c) Expenditure Benefits: These include benefits paid for the year as well as claims processed and admitted at 31 December.
Administrative expenditure: Administrative expenditure of the fund was distributed in 2012 and 2011 among the benefit branches based on actuarial recommendation as follows:‑ i) ii) iii) Pensions Short term benefits Industrial benefits ‑ ‑ ‑ 70% 20% 10% (d) Property, plant and equipment Land and buildings held for use in the supply of services or for administrative purposes are stated in the statement of financial position at their revalued amounts.
Revalued amounts are taken as the fair value at the date of revaluation less any subsequent impairment losses.

Any revaluation increase arising on the revaluation of such land and buildings is credited to revaluation reserve.

Depreciation on revalued assets is charged to the income and expenditure account.
Depreciation on buildings, computer equipment, telephone equipment and motor vehicles is charged so as to write off the cost or valuation of fixed assets over their estimated useful lives, using the straight line method at the rates specified below: Buildings Computer equipment Telephone equipment Motor vehicles ‑ ‑ ‑ ‑ 2% 25% 25% 25% 69 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 3.
Summary of significant accounting policies – cont’d (d) Property, plant and equipment – cont’d Land is not depreciated.

Depreciation of other fixed assets is charged so as to reduce the asset to its residual value using the reducing balance method at the rates specified below: Furniture and fittings Office equipment Motor vessel ‑ ‑ ‑ 10% 10% ‑ 25% 25% A full year’s depreciation is charged in the year of acquisition and no depreciation is charged in the year of disposal.
(e) Stores Stationery and stores are valued at the lower of cost and net realizable value using the first‑in‑ first out method.

(f) Foreign currencies Transactions in currencies other than Guyana dollars are recorded at the rate of exchange prevailing at the date of the transaction.

At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rate of exchange at the reporting date.
Non‑monetary assets and liabilities carried at fair value that are denominated in foreign currencies are translated at the rate prevailing at the date when the fair value was determined.

Gains and losses arising on retranslation are included in the statement of income and expenditure for the period, except for exchange differences arising on non‑monetary assets and liabilities, where the changes in fair value are recognized in the statement of changes in reserve.
(g) Financial instruments Financial assets and liabilities are recognized when the scheme becomes a party to the contractual provisions of the instruments.

Investments Investments are recognized in the financial statements to comply with International Financial Reporting Standards.

70 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 3.
Summary of significant accounting policies – cont’d (g) Financial instruments The Scheme’s investments have been classified as “available for sale financial assets”, “investments held to maturity” and “loans and receivables”.

“Available for sale” investments are initially recognised at cost and adjusted to fair value at subsequent periods.
Gains or losses on “available for sale financial assets” are recognised through the statement of comprehensive income until the asset is sold or otherwise disposed, at which time previously recognised gains or losses are transferred to the statement of income and expenditure account for that period.

“Investments held to maturity” and “loans and receivables” are carried at amortised cost.
Any gain or loss on these investments is recognised in the statement of income and expenditure account when the asset is derecognised or impaired.

Sundry receivables and accrued investment income Sundry receivables and accrued investment income are measured at amortised cost.

Appropriate allowances for estimated unrecoverable amounts are recognised in statement of income and expenditure when there is objective evidence that the asset is impaired.
The allowance recognised is based on management’s evaluation of the collectibility of the receivables.

Cash and cash equivalents Cash and cash equivalents are held for the purpose of meeting short‑term cash commitments rather than investment or other purposes.

These are readily convertible to a known amount of cash, with maturity dates of three (3) months or less.

Sundry payables, accruals and unpaid benefits Sundry payables, accruals and unpaid benefits are measured at amortised cost.
(h) Reserves The Scheme provides for the payment of benefits in three categories: Pension, Short‑ term and Industrial.

71 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 3.

Summary of significant accounting policies – cont’d (h) Reserves ‑ cont’d Pension payment of benefits comprises old age, invalidity and survivors’.

Short‑ term payment of benefits comprises sickness, maternity, funeral, child care and constant attendance.
Industrial payment of benefit comprises injury, disablement and death.

Pension Reserve, Short‑term Reserve and Industrial Reserve are provided for as required by the National Insurance Act.

(i) Provisions Provisions are recognized when there is a present obligation (legal or constructive) as a result of a past event, it is probable that the scheme will required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation.

De‑recognition of provisions Provisions are de‑recognized when it is no longer probable that an outflow of economic resources will be required to settle the obligation.
(j) Investment property Investment property is held to earn rental and/or for capital appreciation and is stated at fair value using the revaluation method at the reporting date.

The acquisition cost was taken up as the fair value.

Gains or losses arising from changes in the fair value of investment property are included in the statement of income for the period in which they arise.
4 Critical accounting judgements and key sources of estimation uncertainty In the application of the Scheme’s accounting policies, which are described in note 3, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.
Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis.

Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
72 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 4 Critical accounting judgements and key sources of estimation uncertainty ‑ cont’d Key sources of estimation uncertainty The following are the key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the financial statements: i) Sundry receivables and accrued income On a regular basis, management reviews sundry receivables and accrued income to assess impairment.
Based on information available as to the likely impairment in cash flows, decisions are taken in determining appropriate provisions to be made for impairment.

ii) Other financial assets In determining the fair value of investments and other financial assets in the absence of a market, the directors estimate the likelihood of impairment by using discounted cash flows.
iii) Useful lives of property, plant and equipment Management reviews the estimated useful lives of property, plant and equipment at the end of each reporting period to determine whether the useful lives of property, plant and equipment should remain the same.

iv) Impairment of financial assets Management makes judgement at each reporting period to determine whether financial assets are impaired.
Financial assets are impaired when the carrying value is greater than the recoverable amount and there is objective evidence of impairment.

The recoverable amount is the present value of the future cash flows.

v) Investment property Management makes judgement at each reporting date to determine whether the fair value of investment property is impaired.

In the current year the acquisition cost was taken as the fair value.
vi) Actuarial valuation The actuarial valuation was completed by the actuaries based on data provided by management.

The valuation assumed that the data was not materially misstated.
73 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 5(a) Investment income Available for sale Held to Maturity: Debenture Loans and receivables: With banks and financial institutions: Banks Other financial institutions Non‑ financial institutions Distribution: Pensions Short term benefits Industrial Benefits 2012 G$000 2011 G$000 76,324 72,255 56,104 3,242 403,933 158,938 166,169 568,801 188,630 158,000 729,040 915,431 861,468 990,928 641,622 83,648 136,198 738,043 96,219 156,666 861,468 990,928 74 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 5(b) Other Income Interest on arrears contribution (i) Gain on foreign currency Other income Gain/(loss) on disposal of fixed assets 2012 G$000 2011 G$000 38,951 4,978 15,514 (62) 59,381 34,110 660 16,082 137 50,989 (i) This is the amount of interest charged to defaulting contributors who failed to pay contributions within the specified time.
Interest is charged on balances not remitted within the time period allowed by the Scheme ( 15 days following the month).

Interest is 1% above the average prime lending rate of the commerical banks.
5(c) Administrative expenses Directors’ emoluments ‑ note (i) Employment costs Gratuities and pensions Depreciation Finance charges Adjustments to depreciation Repairs and maintenance Security Auditors’ remuneration Other administrative costs Note (i) Chairman Deputy Chairman 7 Directors sharing equally (2011 ‑ 7) 2011 G$000 665 946,105 83,800 56,428 5,961 (12) 58,966 57,126 5,500 282,758 1,497,297 91 84 490 665 2012 G$000 1,161 966,654 106,165 45,528 6,331 ‑ 50,018 59,348 5,661 260,444 1,501,310 154 132 875 1,161 75 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 6 Fixed assets Land and buildings Furniture, fixtures and fittings Office equipment G$000 G$000 G$000 Motor vehicles G$000 Total G$000 Cost/valuation At 1 January 2012 Additions Disposals 846,509 5,022 ‑ 80,672 1,566 (360) 576,376 20,765 (203) Write back of accumulated depreciation Revaluation (161,359) 150,828 ‑ - ‑ - 82,751 1,586,308 ‑ ‑ ‑ ‑ 27,353 (563) (161,359) 150,828 At 31 December 2012 841,000 81,878 596,938 82,751 1,602,567 Comprising: Valuation Cost Depreciation 655,892 6,940 46,518 15,281 185,108 74,938 550,420 67,470 724,631 877,936 841,000 81,878 596,938 82,751 1,602,567 At 1 January 2012 Charge for the year Written back on disposals 145,709 39,115 479,580 77,724 742,128 15,650 ‑ 4,303 (259) 20,548 5,027 (126) ‑ 45,528 (385) Written back on revaluation (161,359) ‑ ‑ ‑ (161,359) At 31 December 2012 ‑ 43,159 500,002 82,751 625,912 Net book values: At 31 December 2012 841,000 38,719 96,936 ‑ 976,655 At 31
 December 2011 700,800 41,557 96,796 5,027 844,180 76 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 6 Fixed assets ‑ cont’d Note: (a) No values were taken in the accounts in respect of State owned land on which National Insurance buildings are located.
(b) Land and buildings were revalued by Mr. D.A.

Patterson, A.A. Chief Valuation Officer as at 31 December 1990.

The surplus arising on the revaluation was credited to fixed asset revaluation reserve .

As of 31 December 2000 land and buildings were revalued by H.B.

Curtis, FRICS Chartered Valuation Surveyor.

The surplus arising on the revaluation was credited to the fixed asset revaluation reserve.

As of 31 December 2012 land and buildings were revalued by Mr Compton P. Autar, MSST., DIP.
Chief Valuation Officer.

The surplus arising on the revaluation was credited to the fixed asset revaluation reserve.

(c) At 31 December 2012, had the land and buildings been carried at historical cost, their carrying amount would have been approximately G$ 169.820 million.
(2011 - $187.993 million) 7 Investment property At 1 January Addition during the year Revaluation surplus At 31 December 2012 G$ 000 609,900 ‑ 658,400 2011 G$ 000 ‑ 609,900 ‑ 1,268,300 609,900 As of 31 December 2012 investment property was revalued by Mr Compton P. Autar, MSST., DIP.

Chief Valuation Officer.

The surplus arising on the revaluation was credited to investment property revaluation reserve.
This is property located at Lot 200 and 201 Camp Street, Cummingsburg, Georgetown and is leased to the Guyana Revenue Authority.
77 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 8 Investments Treasury bills Others Available for sale (a) Held to maturity (b) Loans and receivables: ‑ Deposits with banks and other financial institutions ‑ Laparkan Holdings Limited (c) ‑ Caribbean Community Secretariat (e) Maturity period 1 ‑ 12 months over 12 months (a) Available for sale 2012 2011 Fair value G$000 Cost G$000 Fair value G$000 Cost G$ Fair value 2011 Fair value Treasury bills G$000 Others G$000 Treasury bills G$000 Others G$000 6,688,013 1,298,191 7,835,308 11,824,944 ‑ 19,914,756 ‑ 8,677,275 6,688,013 21,212,947 7,835,308 20,502,219 Avaialble for sale - valued at market prices povided by Guyana Association of Securities Companies and Intermediaries Inc. and directors' valuation where investments are not traded.
(b) Held to maturity (i) Overseas debenture These are investments in debenture bonds held in the Government of Dominica and St. Kitts which will mature in 2034.

78 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 8 Investments ‑ cont’d (ii) Preference share This represents investment in Berbice Bridge Company Inc. redeemable preference share.

The investment earns a dividend of 11% per annum from December 2012.

In the event of default an additional 1% will be payable.
The maturity date of the preference share is the 25 August, 2026.

(c) Laparkan Holdings Limited At 1 January Repayment At 31 December 2012 G$ 000 2011 G$ 000 185,320 (48,085) 195,393 (10,073) 137,235 185,320 The loan is secured on a debenture issued by Laparkan Holdings Limited in the name of National Insurance Scheme for the sum of $400,000,000.
(d) CLICO Life & General Insurance ‑ Investments At 1 January Disposal during the year At 31 December 2012 G$ 000 2011 G$ 000 5,148,710 5,748,710 ‑ (600,000) 5,148,710 5,148,710 The G$600,000,000 disposal represented the acquisition of property located at 200 and 201 Camp Street, Cummingsburg, Georgetown.

The investments in CLICO were used as consideration for the purchase of the property.
(e) Caribbean Community Secretariat A loan of US$4M was granted to the Government of Guyana for the purpose of building the Caricom Secretariat Headquarters at Liliendaal, East Coast Demerara.
79 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 8 Investments ‑ cont’d This loan is to be repaid in US dollars over a period of 25 years with principal and interest payments being made semi-annually and at the following interest rates: (i) 4% per annum for the first 15 years, and (ii) 5% per annum for the next ten years.

The agreement catered for a grace period of 2.2 years with repayment in 47 equal principal installments.
It also caters for semi-annual interest repayments.

The loan is unsecured.

Significant investments (f) CLICO Life & General Insurance Hand in Hand Trust Corp. Inc. ‑ varying rates of 3.80% to 5.00%‑ Fixed deposits Citizens Bank(Guyana) Inc.‑ varying rates of 3.50% to 8.00% ‑ Fixed deposits Demerara Bank Limited ‑ varying rates of 2% to 2.3% ‑ Fixed deposits Government of Guyana ‑ 3.59 to 4.19% ‑ Treasury Bills Berbice Bridge Company Inc.‑ varying rates of 9% to 11%.
(unsecured) New Building Society ‑ varying rate 5.25% to 5.5% ‑ Fixed deposits For further information on CLICO investments (annuities) see note 23.
Fair value 2012 G$ 000 5,148,710 Fair value 2011 G$ 000 5,148,710 2,999,540 3,600,046 4,708,672 4,797,144 1,644,901 6,688,013 ‑ 7,835,308 2,510,000 1,560,000 1,298,191 1,177,200 80 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 9 Stores Stationery 10(a) Accrued investment income Held‑to‑maturity Loans and receivables: Banks and financial institutions Non‑ financial institutions 10(b) Sundry receivables and prepayment 2012 G$000 2011 G$000 10,061 13,360 724 672 289,208 1,488 520,004 8,304 291,420 528,980 Sundry receivables Prepayments Provision for impairment (i) ‑ individually assessed 367,850 154,915 (23,286) 414,618 3,732 (22,942) 499,479 395,408 (i) Provision for impairment individually assessed At 1 January Increase in provision for the year 22,942 344 22,448 494 At 31 December 23,286 22,942 11(a) Pension Reserve At 1 January Deficit of income over expenditure 12,673,189 (2,466,035) 14,873,210 (2,200,021) At 31 December 10,207,154 12,673,189 81 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 11(a) Pension Reserve ‑ cont’d This reserve is for the payment of pension benefits as required by the National Insurance Act.
11(b) Short term reserve 2012 G$000 2011 G$000 At 1 January Excess of income over expenditure 4,964,151 749,167 4,277,603 686,548 At 31 December 5,713,318 4,964,151 This reserve is for the payment of short‑term benefits.

11(c) Industrial reserve At 1 January Excess of income over expenditure At 31 December This reserve is for the payment of industrial benefits.
12(a) Investment revaluation reserve 2012 G$000 2011 G$000 11,426,681 1,242,668 10,284,558 1,142,123 12,669,349 11,426,681 2012 G$000 2011 G$000 At 1 January Fair value adjustment 782,838 278,760 583,381 199,457 At 31 December 1,061,598 782,838 This represents the fair value adjustment of investments held.
82 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 2012 G$000 2011 G$000 12(b) Investment property revaluation reserve 658,400 ‑ This represents the fair value surplus to investment property.
2012 G$000 2011 G$000 389,807 349,390 98,038 90,479 24,415 512,260 11,374 451,243 180,168 94,770 274,938 36,221 15,155 51,376 13 Unpaid benefits Pension Short term Industrial 14 Sundry payables and accruals Sundry payables Accruals 15 Financial risk management Financial risk management objectives The Scheme’s management monitors and manages the financial risks relating to the operations of the Scheme through internal risk reports which analyse exposures by degree and magnitude of risks.
These risks include market risk (currency risk, interest rate risk and price risk), credit risk and liquidity risk.

The Scheme seeks to minimise the effects of these risks by the use of techniques that are governed by management’s policies on foreign exchange risk, interest rate risk and credit risk which are approved by the Board of Directors.
The Scheme’s management reports monthly to the board of directors on matters relating to risk and management of risk 83 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 15 Financial risk management - cont’d (a) Market risk The Scheme's activities expose it to the financial risks of changes in foreign currency exchange rates and interest rates.
The Scheme uses interest rate sensitivity and exposure limits to financial instruments to manage its exposure to interest rate and foreign currency risk.

There has been no change in the Scheme's exposure to market risks or the manner in which it manages these risks.
(i) Foreign currency risk The financial statements at 31 December include the following assets and liabilities denominated in foreign currencies stated in the Guyana Dollar equivalent Assets US Dollar Others Liabilities Net assets 2012 G$ 000 2011 G$ 000 1,106,606 214,380 1,320,986 1,082,482 58,266 1,140,748 ‑ ‑ 1,320,986 1,140,748 Foreign currency sensitivity analysis The following table details the Scheme's sensitivity to a 2.5% increase or decrease in the Guyana dollar against balances denominated in foreign currencies.
The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the period end for a 2.5% change in foreign currency rates.

A positive number indicates an increase in profit where foreign currencies strengthen 2.5% against the G$.

For a 2.5% weakening of the foreign currencies against G$ there would be an equal and opposite impact on the profit, and the balances below would be negative.
Profit/(loss) 84 2012 G$000 2011 G$000 33,025 28,519 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 15 Financial risk management - cont’d (a) Market risk - cont'd (ii) Interest rate risk Interest rate risk is the risk that the value of financial instruments will fluctuate due to changes in market interest rates.

The Scheme is exposed to various risks that are associated with the effects of variations in interest rates.

This impacts directly on its cash flows.


The Scheme's management continually monitors and manages these risks through the use of appropriate tools and implements relevant strategies to hedge against any adverse effects.
Average interest rate % 2 ‑ 11 ‑ ‑ ‑ ‑ ‑ ‑ Within 1 year G$000 2 to 5 years G$000 Maturing 2012 Over 5 years G$000 Non‑interest bearing G$000 Total G$000 14,965,915 ‑ ‑ ‑ ‑ 3,393,597 ‑ ‑ ‑ ‑ 1,822,036 ‑ ‑ ‑ ‑ 7,719,412 27,900,960 291,420 499,479 840,151 24,387 291,420 499,479 840,151 24,387 14,965,915 3,393,597 1,822,036 9,374,849 29,556,397 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 512,260 274,937 512,260 274,937 787,197 787,197 14,965,915 3,393,597 1,822,036 Assets Investments Accrued income Sundry receivables Cash at bank Cash on hand Liabilities Unpaid benefits Sundry payables Interest sensitivity gap 85 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 15 Financial risk management - cont’d (a) Market risk - cont'd Average interest rate % 2.25 ‑ 14 ‑ ‑ ‑ ‑ ‑ ‑ Within 1 year G$000 2 to 5 years G$000 Maturing 2011 Over 5 years G$000 Non‑interest bearing G$000 Total G$000 14,511,543 ‑ ‑ ‑ ‑ 5,480,542 ‑ ‑ ‑ ‑ 1,854,790 ‑ ‑ ‑ ‑ 6,490,652 28,337,527 528,980 395,408 148,938 34,753 528,980 395,408 148,938 34,753 14,511,543 5,480,542 1,854,790 7,598,731 29,445,606 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 451,243 51,376 451,243 51,376 502,619 502,619 14,511,543 5,480,542 1,854,790 Assets Investments Accrued income Sundry receivables Cash at bank Cash on hand Liabilities Unpaid benefits Sundry payables Interest sensitivity gap (iii) Interest rate sensitivity analysis The sensitivity analysis below has been determined based on the exposure to interest rate at the end of the reporting period.
The sensitivity analysis includes only outstanding balances at the end of the reporting period.

A 50 basis point increase or decrease is used when reporting interest rate internally to key management personnel and represents management's assessment of the reasonably possible change in interest rates.

A positive number indicates an increase in profits where the interest rate appreciates by 50 basis points.
For a decrease of 50 basis point in the interest rate, this would have an equal and opposite impact on profit and the balances below would be negative.
If interest rates had been 50 basis points higher/lower and all other variables were held constant, the impact on the Scheme's surplus would have been: 86 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 15 Financial risk management - cont’d (a) Market risk - cont'd Impact on surplus for the year 2012 2011 Increase/ decrease in basis point Investments G$000 G$000 Local currency + /‑50 98,253 109,234 Foreign currencies + /‑50 5,704 5,564 Apart from the foregoing with respect to the other financial assets and liabilities, it was not possible to determine the expected impact of a reasonable possible change in interest rate on profit or equity as other factors such as credit risks, market risks, political and disaster risks can affect the value of the assets and liabilities (iv) Price risk Price risk is the risk that the value of financial instruments will fluctuate as a result of changes in market prices whether those changes are caused by factors specific to the individual security or its issuer or factors affecting all securities traded in the market.
Management continually identifies, underwrites and diversifies risk in order to minimize the risk.

The Scheme does not actively trade in equity investments.

(b) Credit risk Credit risk refers to the risk that a client or counterparty will default on its contractual obligations resulting in financial loss to the Scheme.
The table below shows the maximum exposure to credit risk: 87 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 15 Financial risk management - cont’d (b) Credit risk - cont'd Investments Sundry receivables (excluding prepayments) Accrued investment income Cash at bank Cash on hand 2012 Maximum exposure G$000 2011 Maximum exposure G$000 27,900,960 367,850 291,420 840,151 24,387 28,337,527 414,618 528,980 148,938 34,753 Total Credit risk exposure 29,424,768 29,464,816 The Scheme faces credit risk in respect of its cash and cash equivalents, investments and receivables.
However, this risk is controlled by close monitoring of these assets by the Scheme.

The maximum credit risk faced by the Scheme is the balance reflected in the financial statements.

Cash and cash equivalents are held by financial institutions.

These institutions have been assessed by the Directors as being credit worthy, with very strong capacity to meet their obligations as they fall due.

The related risk is therefore considered very low.


Investments reflected in the Scheme are assets for which the likelihood of default is that which is reflected in the financial statements.

Investments in CLICO - see details in note 23.

Sundry receivables consist of a large number of clients, spread across diverse industries and geographical areas.

Ongoing credit evaluation is performed on the financial condition of accounts receivable on a regular basis.
Sundry receivables 367,850 414,618 2012 G$000 2011 G$000 88 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 15 Financial risk management - cont’d (b) Credit risk - cont'd The above balances are classified as follows:.
Current Past due but not impaired Impaired Ageing of past due but not impaired 183,536 164,551 19,763 367,850 326,484 68,339 19,795 414,618 1 ‑ 2 years 164,551 68,339 Ageing of impaired Sundry receivables Over 2 years 19,763 19,795 Provision for impairment 23,286 22,942 89 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 15 Financial risk management - cont’d (c) Liquidity risk Liquidity risk is the risk that the Scheme will encounter difficulty in raising funds to meet its commitments associated with financial instruments.
The Scheme manages its liquidity risk by maintaining an appropriate level of resources in liquid or near liquid form.
The following table shows the distribution of assets and liabilities by maturity: Assets Investments Treasury bills Available for sale Held to maturity Loans and receivables Accrued income Sundry receivables Cash at bank Cash on hand Liabilities Unpaid benefits Sundry payables 2012 Within 1 year G$000 2 to 5 years G$000 Over 5 years G$000 Total G$000 6,688,013 1,620,702 ‑ 8,277,902 291,420 499,479 840,151 24,387 18,242,054 (512,260) (274,937) (787,197) ‑ ‑ 62,969 3,330,628 ‑ ‑ ‑ ‑ 3,393,597 ‑ ‑ 950,000 6,970,746 ‑ ‑ ‑ ‑ 7,920,746 6,688,013 1,620,702 1,012,969 18,579,276 291,420 499,479 840,151 24,387 29,556,397 ‑ ‑ ‑ ‑ ‑ ‑ (512,260) (274,937) (787,197) Net assets 17,454,857 3,393,597 7,920,746 28,769,200 90 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 15 Financial risk management - cont’d (c) Liquidity risk - cont'd Assets Investments Treasury bills Available for sale Held to maturity Loans and receivables Accrued income Sundry receivables Cash at bank Cash on hand Liabilities Unpaid benefits Sundry payables Within 1 year G$000 2 to 5 years G$000 2011 Over 5 years G$000 Total G$000 7,835,308 1,343,943 ‑ 6,676,234 528,980 395,408 148,938 34,753 16,963,564 (451,243) (51,376) (502,619) ‑ ‑ 58,266 5,422,276 ‑ ‑ ‑ ‑ 5,480,542 ‑ ‑ ‑ 7,003,500 ‑ ‑ ‑ ‑ 7,003,500 7,835,308 1,343,943 58,266 19,102,010 528,980 395,408 148,938 34,753 29,447,606 ‑ ‑ ‑ ‑ ‑ ‑ (451,243) (51,376) (502,619) Net assets 16,460,945 5,480,542 7,003,500 28,944,987 91 Guyana National Insurance SchemeNOTES ON THE
 ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 16 Fair Value of Financial Instruments The following table details the carrying costs of financial assets and liabilities and their fair value: 2012 2011 Carrying Value G$ 000 Fair Value G$ 000 Carrying Value G$ 000 Fair Value G$ Financial assets Investments Treasury bills Available for sale Held to maturity Loans and receivables Sundry receivables and prepayments Accrued investment income Cash at bank Cash on hand and at bank Financial liabilities Unpaid benefits Sundry payables and accruals 512,260 274,937 512,260 274,937 451,243 51,376 451,243 51,376 787,197 787,197 502,619 502,619 Valuation techniques and assumptions applied for the purpose of measuring fair value The fair values of financial assets and financial liabilities were determined as follows: (i) "Loans and receivables" Loans and receivables are net of specific provision for impairment.
The fair value of loans and receivables is based on expected realisation of outstanding balances taking into account the scheme's history with respect to delinquencies.

(ii) " Investments" For available for sale financial assets, the fair values were determined with reference to quoted market prices and level 2 fair value measurements.

Fair value for preference shares investment was obtained using level 2 fair value measurements.
92 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 16 Fair Value of Financial Instruments ‑ cont’d Fair value for held to maturity investments were obtained using level 2 fair value measurements.

Fair value for CLICO investments was determined at amortised cost.

See note 23.
See note 23.

(iii) "Financial instruments where the carrying amounts are equal to fair value " Financial instruments where the carrying amounts are equal to fair value: Due to their short term maturity, the carrying value of certain financial instruments approximates their fair values.

These include cash on hand and at bank, sundry receivables and prepayments, accrued investment income, sundry payables and accruals and unpaid benefits.
Fair value measurements recognised in the statement of financial position The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value , grouped into Levels 1 to 2 based on the degree to which the fair value is observable.

Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e.

as prices) or indirectly (i.e.

derived from prices).
Level 1 G$ 000 2012 Level 2 G$ 000 Total G$ 000 Available for sale 1,620,702 - 1,620,702 Held to maturity Loans and receivables ‑ ‑ 1,012,969 1,012,969 563,043 563,043 Sub‑total Fixed deposits Treasury bills Total 1,620,702 1,576,012 ‑ ‑ ‑ ‑ 3,196,714 18,016,233 6,688,013 1,620,702 1,576,012 27,900,960 93 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 16 Fair Value of Financial Instruments ‑ cont’d Level 1 G$ 000 Available for sale 1,341,943 Held to maturity Loans and receivables ‑ ‑ 2011 Level 2 G$ 000 - 58,266 643,883 Total G$ 000 1,341,943 58,266 643,883 Sub‑total 1,341,943 702,149 2,044,092 Fixed deposits Treasury bills Total ‑ ‑ ‑ ‑ 18,458,127 7,835,308 1,341,943 702,149 28,337,527 Deposits with banks and treasury bills have not been categorised since these are short term and the carrying amounts approximate the fair value.
94 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 17 Analysis of financial assets and liabilities by measurement basis 2012 ASSETS Investments Accrued income Sundry receivables Cash at bank Cash on hand Available for sale G$000 Held to maturity G$000 Loans and receivables G$000 Financial assets and liabilities at amortised cost G$000 Total G$000 1,620,702 ‑ ‑ ‑ ‑ 1,012,969 ‑ ‑ ‑ ‑ 18,579,276 291,420 499,479 ‑ ‑ 6,688,013 ‑ ‑ 840,151 24,387 27,900,960 291,420 499,479 840,151 24,387 Total assets 1,620,702 1,012,969 19,370,175 7,552,551 29,556,397 LIABILITIES Unpaid benefits Sundry payables and accruals Total liabilities 2011 ASSETS Investments Accrued income Sundry receivables Cash at bank Cash on hand ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 512,260 512,260 274,937 274,937 787,197 787,197 Available for sale G$000 Held to maturity G$000 Loans and receivables G$000 Financial assets and liabilities at amortised cost G$000 Total G$000 1,341,943 ‑ ‑ ‑ ‑ 58,266 ‑ ‑ ‑ ‑ 19,102,010 528,980 395,408 ‑ ‑ 7,835,308 ‑ ‑ 148,938 34,753 28,337,527 528,980 395,408 148,938 34,753 Total assets 1,341,943 58,266 20,026,398 8,018,999 29,445,606 LIABILITIES Unpaid benefits Sundry payables and accruals Total liabilities ‑ ‑ ‑ ‑ ‑ ‑ 95 ‑ ‑ ‑ 451,243 451,243 51,376 51,376 502,619 502,619 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 18 Capital commitments 2012 G$000 2011 G$000 Expenditure authorized by the Directors but not contracted for 27,353 42,019 19 Taxation The Scheme is
 exempted from all forms of taxation.
20 Pending litigations There are several pending litigations against the Scheme, the outcome of which cannot be determined at this stage.

These comprise of a number of litigations brought by contributors for benefits and are normal for this type of operation.

21 Funding The National Insurance Scheme is not funded by the Government of Guyana.

22.
22.

Actuarial review Section 37 of the National Insurance Act requires that an actuarial review of the National Insurance Scheme be conducted at least every five years.

The eight review was conducted as at 31 December 2011, five years after the previous review.

The next actuarial valuation as required by the Scheme is due as at 31 December 2016.

The key results of the 30 year projections as stated in the actuarial report are set out below.
These projections were based on there being no changes to the current contribution rate or benefit rules.

- Cash flow deficits will continue in all years.

- The fund will be exhausted in 2021.

- The pay-as-you- go rate, or rate required to meet expenditure, in 2012, will be 18.7%.

- The pay-as-you-go rate in 2041 will be around 28%.
If National Insurance Scheme performance is better than assumed (higher contribution and investment income and lower benefit and administrative expenditure) depletion of reserves may deferred until 2023.

Conversely, if performance is worse than assumed, depletion of reserves may be as early as 2019.

96 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE 22.

Actuarial review - cont’d These results are slightly worse than those of the 7th Actuarial Review.
As expenditure continues to increase at a faster rate than contributions, the fund is quickly approaching a pay-as-you-go state where investment returns can no longer be depended upon to defray pension costs The actuarial report as at 31 December 2011 made recommendations to improve the Scheme’s finances in the near-term and lower overall costs in the medium and long term.

These are summarized below: (i) Increase the contribution rate from 13% to 15% no later than the first quarter of 2013.
(ii) Adopt a funding policy that will require adjustments to the contribution rate if it is expected that reserves will fall to less than two times annual expenditure in the following year.

(iii) Increase the wage ceiling to G$200,000 per month.

(iv) Freeze pension increases (no pension increase) for 2 years or until the contribution rate is increased and finances improve.

Recommendations: (v) Increase the pension age from 60 to 65 on a phased basis.
(vi) For old age pension: - Revise pension accrual rates so that the maximum 60% benefit is reached after 40 years of contributions instead of 35 years.

- Increase the numbers of years over which insurable wages are averaged for old age pension calculations from 3 to 5.

- Change the basis for pension increases from the minimum public sector wage to price inflation with a limit.

(vii) Equalize all benefit rules for males and females wherever differences still exist.
(viii) Develop links with various government departments that issue licenses and permits so that such licenses and permits are only issued if the employer/business/self-employed person is NIS- compliant.

(ix) Take immediate steps to upgrading or sourcing a new Information Technology (IT) system.

(x) Strengthen and enforce existing penalties for late or non-payment of contributions and introduce new legal measures, such as garnishing of income and assets of non-compliant employers.
(xi) Develop an appropriate investment policy, which will replace the current Prudential Investment 97 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE Framework.

The new investment policy should give due considerations to the current financial position of the fund and current and future market conditions.

This policy should include the roles and responsibilities of various parties, investment objectives, strategies, constraints and asset allocation.
Actuarial shortfall The present value of the shortfall of the fund over the period 2012 – 2041 amounted to G$ 340.1 billion.

The full set of recommendations is available in the actuaries report which is with the Scheme.

23.

Parliamentary Resolution 2012 2011 G$000 G$000 Investments ‑ CLICO Annuities 5,148,710 5,148,710 In 2011, title for a property valued at G$600,000,000 was transferred to the Scheme as partial settlement.
2012 2011 G$000 G$000 Accrued investment income – CLICO 90, 274 90, 274 CLICO Life and General Insurance Company Ltd. (CLICO) was put under judicial management in February 2009.

Due to uncertainties regarding CLICO’s future and its ability to honour its debt when due, a unanimous Parliamentary Resolution was passed guaranteeing State support for the recovery of this investment.
The Chairman of National Insurance Scheme who is also the Head of the Presidential Secretariat at the Office of the President made the following representation in a letter dated 10th August 2009: “The Board of the National Insurance Scheme wishes to advise that it has noted the undertakings made by the President concerning the recovery of NIS investments in CLICO.

The Board is also mindful of the unanimous Parliamentary Resolution guaranteeing state support for recovery by NIS of its investment in CLICO.
As such, the Board has the utmost confidence that the undertaking would be honoured and the investments of NIS in CLICO will be recovered.” 98 Guyana National Insurance SchemeNOTES ON THE ACCOUNTSNATIONAL INSURANCE SCHEMESAMPLE PART 3 TABLES IN ANNEX TABLE DESCRIPTION PAGE A B C D E F G H I J K L NUMBER OF EMPLOYERS REGISTERED BY INDUSTRY AND SIZE – 2012 NUMBER OF EMPLOYED REGISTRANTS BY AGE‑GROUP, SEX AND MARITAL STATUS – 2012 NUMBER OF EMPLOYED REGISTRANTS BY INDUSTRY AND SEX – 2012 NUMBER OF SELF‑EMPLOYED REGISTRANTS BY INDUSTRY AND SEX – 2012 NUMBER OF SELF‑EMPLOYED REGISTRANTS BY AGE‑ GROUP, SEX AND MARITAL STATUS – 2012 NUMBER OF OLD AGE PENSIONS AWARDED BY AGE, SEX AND CONTRIBUTIONS (PAID AND CREDITED) – 2012 NUMBER OF OLD AGE PENSIONERS ON STREAM BY AGE, EMPLOYMENT STATUS AND SEX AS AT 2012‑12‑31 NUMBER OF OLD AGE GRANTS AWARDED BY AGE, SEX AND EMPLOYMENT STATUS – 2012 NUMBER OF INVALIDITY PENSIONS GRANTED BY AGE, SEX AND NUMBER OF CONTRIBUTIONS (PAID AND CREDITED) – 2012 NUMBER OF INVALIDITY GRANTS AWARDED BY AGE, SEX, NUMBER OF CONTRIBUTIONS (PAID AND CREDITED) AND AMOUNT PAID – 2012 NUMBER OF SURVIVORS’ PENSIONS BY AGE‑GROUP AND CONDITION OF AWARD – 2012 NUMBER OF FUNERAL CLAIMS PAID BY AGE‑GROUP, EMPLOYMENT CATEGORY, SEX AND INSURED STATUS OF THE DECEASED – 2012 99 101 102 103 104 105 106 107 108 109 110 111 112 Guyana National Insurance SchemeSAMPLE TABLE DESCRIPTION PAGE TABLES IN ANNEX (Cont’d) M N NUMBER OF SICKNESS SPELLS PAID BY AGE GROUP, EMPLOYMENT CATEGORY AND SEX OF RECIPIENTS – 2012
 NUMBER OF SICKNESS SPELLS PAID BY DIAGNOSIS AND SECTOR – 2012 O NUMBER OF SICKNESS BENEFIT MEDICAL CARE CLAIMS PAID BY AGE‑GROUP, SECTOR AND SEX – 2012 P Q R S T U V W NUMBER OF MATERNITY ALLOWANCES PAID BY AGE‑ GROUP, EMPLOYMENT STATUS AND BENEFIT DAYS – 2012 NUMBER OF MATERNITY ALLOWANCES PAID BY BENEFIT DAYS AND AMOUNT ‑ 2012 NUMBER OF INJURY SPELLS PAID BY AGE‑GROUP AND SEX ‑ 2012 NUMBER OF INJURY BENEFIT CASES PAID BY BENEFIT DAYS, SEX AND SECTOR – 2012 NUMBER OF INJURY BENEFIT MEDICAL CARE CLAIMS PAID BY
 AGE‑GROUP, SECTOR AND SEX ‑ 2012 NUMBER OF DISABLEMENT PENSIONS BY NATURE OF DISABILITY AND AMOUNT PAID‑ 2012 NUMBER OF DISABLEMENT GRANTS BY AGE‑GROUP, SEX AND AMOUNT PAID – 2012 ANALYSIS OF INDUSTRIAL DEATHS BY CONDITION OF AWARD AND NATURE OF INJURY – 2012 113 114 116 117 118 119 120 121 122 123 124 100 Guyana National Insurance SchemeSAMPLE TABLE A NUMBER OF EMPLOYERS REGISTERED BY INDUSTRY AND SIZE 2012 CODE INDUSTRY NUMBER OF EMPLOYEES TOTAL 1‑5 6‑10 11‑20 21‑50 51‑100 Over 100 1 Agriculture Livestock Production 01A Sugar Estate (Field) 01B Rice Farming Forestry & Logging Hunting, Trapping and Game Propagation Fishing Bauxite Mining 2 3 4 11 12 Metal Mining 13 14 19 20 Crude Petroleum and Natural Gas Stone Quarrying, Clay and Sand Pits Non‑Metallic Mining and Quarrying Food Manufacturing Industries 20B Rice Milling 21 Beverage Industries 23 Manufacture of textiles 25 Manufacture of Wood and Cork except manufacture of furniture 26 Manufacture of furniture & fixtures 27 Manufacture of paper and paper products 33 34 37 Manufacture of Non‑Metallic Mineral Products except products of Petroleum and Coal Basic Metal Industries Manufacture of Electrical Machinery, Apparatus, Appliances and supplies (& repairs) 38 Manufacture of Transport Equipment (and repairs) 39 Miscellaneous Manufacturing Industries 40 51 Construction Supply of Electricity, Gas & Steam 52 Water & Sanitary Services 61 Wholesale and Retail Trade 62 63 71 73 81 82 83 84 90 Banks and other Financial
 Institutions Insurance Transport Communication Government Services Community and Business Services Recreational Services Personal Services Activities not Adequately described 5 - ‑ 6 2 1 1 6 4 1 1 4 ‑ ‑ 1 2 2 1 1 3 ‑ 2 1 45 4 2 38 1 1 5 2 ‑ 41 3 35 44 ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1 1 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1 ‑ ‑ ‑ ‑ 10 ‑ ‑ 7 ‑ ‑ ‑ 1 ‑ 12 ‑ 2 4 TOTAL 265 39 101 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1 ‑ ‑ 1 ‑ ‑ ‑ ‑ ‑ 1 ‑ 2 ‑ 5 ‑ - ‑ 1 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1 ‑ ‑ ‑ ‑ ‑ 2 ‑ ‑ 1 5 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑
 ‑ 1 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 5 ‑ ‑ 7 2 1 1 7 5 1 1 4 1 ‑ 1 2 2 1 2 3 ‑ 2 1 56 4 2 47 1 1 5 3 ‑ 56 3 39 49 315 Guyana National Insurance SchemeSAMPLE B E L B A T I S U T A T S L A T R A M D N A X E S , I - & S E L A M S E L A M E F L A T O T N O M M O C W A L .
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I D W I D E R R A M E L G N S I E G A P U O R G 9 7 4 9 6 , 6 0 9 5 , 2 3 6 8 7 7 5 2 1 4 5 8 2 2 9 1 7 1 1 3 3 5 3 - 3 7 6 7 1 6 3 1 8 9 9 7 3 3 8 2 8 1 3 - 1 9 3 1 5 9 6 3 4 1 - 1 - 2 4 2 1 - 4 4 3 1 1 - 1 2 3 6 3 1 7 7 4 3 2 - , 6 3 7 0 , 3 - 5 4 3 0 3 , 2 0 6 3 , - - - 1 8 0 1 5 6 3 1 1 - - - - 2 3 7 - 1 3 2 1 - - 1 - 1 3 1 1 5 4 2 1 2 - 3 1 6 6 9 6 5 7 9 5 9 4 0 3 9 1 4 2 8 2 1 5 3 1 0 , 3 1 2 6 , 3 7 6 1 , 1 0 3 2 , - 8 2 9 5 1 7 2 5 4 3 5 1 7 1 3 1 3 - - 1 3 - 3 3 2 3 1 - 1 - - 1 5 - 3 1 1 - 1 - - 2 2 3 2 2 3 2 2 - - 7 2 3 9 5 2 7 8 5 9 4 2 5 4 3 4 1 5 1 6 8 5 , 3 9 1 - 6 1 6 3 1 , 1 4 2 - 0 2 0 5 6 1 r e d n U 3 9 2 9 4 1 4 9 6 6 7 3 5 2 8 7 9 2 - 5 2 4 3 - 0 3 9 3 - 5 3 4 4 - 0 4 9 4 - 5 4 4 5 - 0 5 9 5 - 5 5 r e v O & 0 6 102 7 7 8 , 1 1 5 3 6 1 5 2 3 8 4 8 7 7 3 3 3 0 1 , 4 0 7 , 5 2 5 3 5 3 9 1 0 3 6 8 3 2 8 8 , 4 3 7 1 , 6 3 8 2 6 1 3 1 8 1 2 9 3 1 5 4 5 , L A T O T Guyana National Insurance SchemeSAMPLE TABLE C NUMBER OF EMPLOYED REGISTRANTS BY INDUSTRY AND SEX 2012 INDUSTRY MALES FEMALES TOTAL CODE 01 01A 01B 02 3 04 11 12 13 14 19 20 Agriculture & Livestock Production Sugar Cane Planting & Harvesting Rice Planting & Harvesting Forestry & Logging Hunting, Trapping and game propagation Fishing Bauxite Mining Metal Mining Crude Petroleum and Natural Gas Stone
 Quarrying, Clay and Sand Pits Non- Metallic Mining & Quarrying Food Manufacturing Industries 20A 20B Sugar Milling Rice Milling Beverage Industries Tobacco Manufacturers Manufacture of Textiles Manufacture of Footwear & other Wearing Apparel Manufacture of Wood and Cork, except Manufacture of Furniture Manufacture of Furniture and Fixtures Manufacture of Paper and Paper Products Printing, Publishing and
 Allied Industries Manufacture of Leather & Leather products except footwear Manufacture of Rubber Products Manufacture of Chemicals and Chemical products Manufacture of Products of Petroleum & Coal Manufacture of Non-Metallic Mineral Products Basic Metal Industries Manufacture of Metal Products, except machinery and transport equipment Manufacture of Machinery (except Electrical Machinery) Manufacture of Electrical Machinery, Apparatus, Appliances & Supplies Manufacture of Transport Equipment Miscellaneous Manufacturing Industries Construction Supply of Electricity, Gas and Steam Water and Sanitary Services Wholesale and Retail Trade Banks and other Financial Institutions Insurance Real Estate Transport Storage and Warehousing Communication Government Services Community & Business Services Business Services Recreational Services Personal Services Other Activities not adequately described 69 10 8 235 - 324 13 202 26 14 91 160 544 90 299 - 1 17 259 27 11 15 2 - 33 2 5 47 79 14 39 12 36 357 31 39 761 59 36 - 294 4 198 407 949 7 253 - 94 89 1 - 41 - 368 2 25 11 3 14 125 16 54 79 1 6 158 11 8 276 - 692 15 227 37 17 105 285 560 144 378 1 7 123 140 69 18 4 11 1 - 22 9 1 10 25 1 16 5 41 84 31 10 903 122 85 - 122 - 406 732 1,307 28 592 2 89 328 45 15 26 3 - 55 11 6 57 104 15 55 17 77 441 62 49 1,664 181 121 - 416 4 604 1,139 2,256 35 845 2 183 Total 6,173 5,704 11,877 103 Guyana National Insurance SchemeSAMPLE NUMBER OF SELF-EMPLOYED REGISTRANTS BY TABLE D INDUSTRY AND
 SEX 2012 CODE INDUSTRY MALES FEMALES TOTAL 01 01A 01B 4 11 12 13 14 19 20 Agriculture and Livestock Production Sugar Estate (Field) Rice Farming Fishing Non-Metallic Mineral Mining and Quarrying Metal Mining Crude Petroleum and Natural Gas Stone Quarrying, Clay and Sand Pits Non-Metallic Mining and Quarrying Food Manufacturing Industries 20A 20B Sugar Milling Rice Milling 21 23 24 25 26 27 28 31 34 37 38 39 40 51 52 61 62 63 64 71 72 81 82 83 84 90 Beverage Industries Manufacture of Textiles Manufacture of
 Footwear, Other Wearing Apparel and made-up Textile Goods Manufacture of Wood and Cork, except Manufacture of Furniture Manufacture of Furniture and Fixtures Manufacture of Paper and Paper Products Printing, Publishing and Allied Industries Manufacture of Chemicals and Chemical Products Basic Metal Industries Manufacture of Electrical Machinery, Apparatus, Appliances and Supplies Manufacture of Transport Equipment Miscellaneous Manufacturing Industries Construction Electricity, Gas and Steam Water and Sanitary Services Wholesale and Retail Trade Banks and Other Financial Institutions Insurance Real Estate Transport Storage and Warehousing Government Services Community Services Business Services Recreational Services Other Activities not Adequately Described TOTAL 104 - - - 1 1 - - 1 - 1 1 4 1 - - - - - - - - - - 2 5 1 - 7 - - - 19 - 4 5 - 2 274 329 - - - - - - 1 - - - - - - - 1 - 1 - - - - - - 1 2 1 - - - - - 5 - 1 3 - 4 149 169 - - - 1 1 - 1 1 - 1 1 4 1 - 1 - 1 - - - - - - 3 7 2 - 7 - - - 24 - 5 8 - 6 423 498 Guyana National Insurance SchemeSAMPLE S E L A M E F & , I - P U O R G E G A Y B S T N A R T S G E R D E Y O L P M E - F L E S F O R E B M U N L A T O T N O M M O C .
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- 8 9 4 0 6 - - - - - 1 1 - - 2 - - - 2 1 3 2 2 1 1 1 - - - - 1 3 - - - 4 2 3 5 4 2 4 5 4 9 2 0 3 4 1 6 1 2 - - - - - - - - - - - - - - 2 - - - - - 5 5 2 6 6 1 9 6 1 3 2 - 2 - - - - 1 3 - - - 4 6 2 1 7 1 7 1 0 1 8 2 3 - - 8 0 1 4 1 8 3 1 8 3 1 6 2 3 4 3 5 0 6 8 4 7 4 3 2 1 2 8 - 7 0 1 2 1 4 1 2 1 - 5 7 5 6 9 2 3 7 3 - - - - - 1 1 - - 2 - - - - 1 3 2 2 1 9 - - - - - - - - - 6 2 3 3 5 2 8 2 9 1 2 2 2 1 3 1 2 - 3 8 1 0 2 4 2 0 2 6 5 5 E G A P U O R G 0 2 - 6 1 5 2 0 3 5 3 0 4 5 4 0 5 5 5 0 6 - - - - - - - - 1 2 6 2 1 3 6 3 1 4 6 4 1 5 6 5 105 - 0 8 1 1 0 1 L A T O T Guyana National Insurance SchemeSAMPLE F E L B A T ) I D E T D E R C D N A D A P I ( I I S N O T U B R T N O C D N A X E S , - I R T N O C S E L A M E F & S E L A M S E L A M E F - I R T N O C 2 1 0 2 - ) $ ( S N O S R E P I D E T D E R C I D E T D E R C ) $ ( S N O S R E P I D E T D E R C I D E T D E R C I D A P ) $ ( F O S N O S R E P T N E C R E P - - - I R T N O C S N O T U B I T N U O M A R
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6 0 0 .

0 0 0 .

0 0 .

0 0 0 .

0 - 0 0 .

0 0 0 0 .

- 3 9 .

8 0 0 .

0 - - - - - 0 0 .

0 1 0 .
0 - 1 2 6 1 1 5 - - 7 - - 4 1 - 2 - - - - - - - 7 6 - - - - - - - 3 8 7 , 1 7 0 , 1 8 2 0 , 0 6 2 , 9 2 5 6 6 , 4 5 5 2 1 7 , 0 4 1 2 4 0 , 4 6 0 5 0 , 2 4 0 1 0 , 1 2 8 6 9 , 2 2 2 7 8 , 8 1 2 8 4 , 8 2 6 8 , 6 2 2 0 , 5 4 3 6 , 4 8 7 2 , 3 3 5 5 , 1 - 8 2 8 1 8 7 9 1 9 - 0 5 7 7 7 8 2 2 0 , 1 - - - - - 3 5 1 , 4 4 5 , 4 1 6 5 7 , 3 7 2 , 3 2 8 8 , 4 1 3 , 1 6 7 0 , 3 9 7 3 7 3 , 1 6 4 8 8 8 , 9 9 3 9 9 9 , 6 3 3 8 7 2 , 1 7 1 8 0 2 , 8 2 1 2 9 5 , 7 0 1 0 0 9 , 9 7 1 2 3 , 5 5 4 6 8 , 5 3 6 0 1 , 5 2 3 9 , 7 1 - 0 1 1 , 1 2 3 9 , 7 1 - 2 3 9 , 7 1 2 3 9 , 7 1 - - - - - 3 5 7 2 3 9 , 7 1 4 6 8 2 1 5 9 3 1 8 6 2 4 4 2 6 2 1 2 9 8 6 5 4 2 1 1 - 1 1 - 1 1 - - - - - 106 3 3 1 3 6 8 , 1 7 9 , 1 4 9 1 , 8 5 0 , 1 5 7 3 7 , 1 l a t o T Guyana National Insurance SchemeSAMPLE TABLE G NUMBER OF OLD-AGE PENSIONERS ON STREAM BY AGE, EMPLOYMENT STATUS AND SEX AS AT 2012-12-31 EMPLOYED SELF-EMPLOYED BOTH CATEGORIES MALES FEMALES MALES & FEMALES MALES FEMALES MALES & FEMALES MALES FEMALES MALES & FEMALES - 2 - - 1,102 2,061 1,674 1,470 1,153 2,004 2,060 1,023 1,218 1,429 1,078 1,223 983 767 761
- - - 12 - - - 5 - 3 11 - 3 - - - - - - - - - - - - 58 122 91 108 53 106 71 19 13 20 11 3 11 8 13 9 8 2 3 - 8 2 3 3 - - - - - - - - - - - - - - - - - - - - 184 418 353 364 179 293 249 58 60 67 16 14 22 35 36 28 20 3 4 - 8 2 15 3 - - 5 - 3 11 - 3 - - - - - - - - - - - - 860 1,669 1,370 1,239 929 1,611 1,725 766 977 1,034 809 946 780 610 595
- 2 - - AGE TOTAL 23,179 8,766 31,945 1,708 745 2,453 24,887 9,511 34,398 107 Guyana National Insurance SchemeSAMPLE D N A X E S , - - F L E S D E Y O L P M E S E L A M E F & S E L A M S E L A M E F S E L A M S E L A M E F & S E L A M S E L A M E F S E L A M & - - - - - - 1 1 7 7 0 1 6 5 5 2 2 2 4 2 8 4 1 8 4 1 4 5 2 2 1 1 2 1 - - 2 - - - - - - - - - - - - - - 9 3 2 5 5 1 8 9 8 1 2 3 2 - 1 1 - - - - - 1 - - - - - - - - - - 7 1 3 2 4 1 3 3 1 1 1 2 - - - - - - - - - - - - - - - - - - - 2 2 9 2 1 1 7 6 5 - 1 2 - - 1 1 - - - - - 1 - -
 - - - - - - - - - - - - - - 1 4 5 4 8 2 5 4 2 9 1 1 2 7 3 1 7 2 1 4 5 2 2 1 1 2 1 - - 2 - - - - - - - - - - - - - - 108 Guyana National Insurance SchemeSAMPLE TABLE I NUMBER OF INVALIDITY
 PENSIONS GRANTED BY AGE, SEX AND NUMBER OF CONTRIBUTIONS (PAID AND CREDITED) 2012 MALES FEMALES MALES AND FEMALES AGE NUMBER PAID CREDITED TOTAL NUMBER PAID CREDITED TOTAL NUMBER PAID CREDITED TOTAL CONTRIBUTIONS CONTRIBUTIONS CONTRIBUTIONS Total - - - - - - 1 1 - - - - 1 - 1 - 1 2 2 1 - 3 1 6 5 3 4 6 5 1 4 8 4 - - - - - - 250 528 - - - - 517 - 394 - 419 1,304 1,290 548 - 1,737 452 5,260 3,158 1,471 3,268 4,103 5,556 978 5,778 6,088 2,425 13 73 11,130 56,654 - - - - - - - - - - - - 25 - - - - - - - - - - - - - - - - - - - - - - - - - - - 250 528 - - - - 542 - 394 - 419 1,304 1,290 548 - 1,737 452 5,260 3,158 1,471 3,268 4,103 5,556 978 5,778 6,088 2,425 11,130 - - - - - 1 - - - - - - - - - - - 3 2 1 2 - 3 - 1 1 3 1 3 1 - - 4 2 - - - - - 464 - - - - - - - - - - - 1,310 1,477 1,195 1,924 - 1,746 - 632 948 1,575 1,651 1,009 502 - - 3,133 929 - - - - - - - - - - - - - - - - - 25 - - - - - - 8 - - - - - - - - - - - - - - 464 - - - - - - - - - - - 1,335 1,477 1,195 1,924 - 1,746 - 640 948 1,575 1,651 1,009 502 - - 3,133 929 25 56,679 28 18,495 33 18,528 109 - - - - - 1 1 1 - - - - 1 - 1 - 1 5 4 2 2 3 4 6 6 4 7 7 8 2 4 8 8 - - - - - 464 250 528 - - - - 517 - 394 419 2,614 2,767 1,743 1,924 1,737 2,198 5,260 3,790 2,419 4,843 5,754 6,565 1,480 5,778 6,088 5,558 15 101 12,059 75,149 - - - - - - - - - - - - 25 - - - - 25 - - - - - - 8 - - - - - - - - - 58 - - - - - 464 250 528 -
 - - - 542 - 394 - 419 2,639 2,767 1,743 1,924 1,737 2,198 5,260 3,798 2,419 4,843 5,754 6,565 1,480 5,778 6,088 5,558 12,059 75,207 Guyana National Insurance SchemeSAMPLE ) I D E T D E R C D N A D A P I ( I S N O T U B R T N O C I F O R E B M U N , X E S , ) $ (
I D E T D E R C D N A D A P I S N O S R E P ) $ ( I D A P D N A D A P I S N O S R E P ) $ ( .
O N T N U O M A I S N O T U B R T N O C I F O .

O N T N U O M A I S N O T U B R T N O C I F O .
O N E G A 2 8 3 , 7 5 9 6 5 , 0 3 2 9 3 , 4 3 2 2 5 , 4 2 8 9 4 , 6 1 1 4 8 1 , 4 1 2 8 4 , 7 7 2 6 3 , 6 2 6 5 2 , 2 9 0 5 , 2 3 8 7 7 , 3 4 T N U O M A ) $ ( I D A P 4 3 9 , 9 5 4 4 3 9 , 1 1 1 1 9 0 , - - ` - - - - - 9 6 5 , 0 3 - 2 2 5 , 4 2 - 7 5 1 - 7 6 1 - - - - - - - - 1 - 1 - - - - - - - 2 - 2 8 3 , 7 5 - 2 9 3 , 4 3 8 9 4 , 6 1 1 4 8 1 , 4 1 2 8 4 , 7 7 2 6 3 , 6 2 6 5 2 , 2 9 0 5 , 2 3 8 7 7 , 3 4 7 7 1 - 2 8 1 - 6 3 2 6 0 1 6 9 1 1 8 1 2 1 2 1 1 1 9 0 2 3 4 8 , 4 0 4 0 1 6 , 1 1 - 1 - 110 Guyana National Insurance SchemeSAMPLE NUMBER OF SURVIVORS’ PENSIONS BY AGE-GROUP AND TABLE K CONDITION OF AWARD 2012 CONDITION OF AWARD AGE GROUP WIDOWS WIDOWS WITH WIDOWERS ORPHANS TOTAL OVER 45 CARE OF YEARS CHILDREN Under 35 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 60 - 64 65 - 69 70 - 74 75 - 79 80 - 84 85 - 89 90 - 94 TOTAL - 1 1 25 68 111 98 78 64 59 35 7 1 10 14 16 27 14 8 3 - - - - - - 548 92 - - - - - - - - - - - - - - 7 - - - - - - - - - - - - 17 15 17 52 82 119 101 78 64 59 35 7 1 7 647 111 Guyana National Insurance SchemeSAMPLE S E L A M E F & P
- , Y R O G E T A C T N E M Y O L P M E L E L B A T 2 1 0 2 , I I - 3
, 1 - , 1 3 5 4 0 1 9 8 1 1 2 9 2 2 4 1 1 4 2 - - - - 1 - - - , 1 - - 1 - 2 - - - 3 9 7 7 0 , 1 5 1 - - - - - - - 0 - 1 - 2 - - - 3 9 5 1 - - 1 1 4 4 3 1 9 1 8 4 0 9 0 0 0 0 0 0 1 0 1 2 - - , - 1 2 0 3 - 6 2 5 3 - 1 3 0 4 - 6 3 5 4 - 1 4 0 5 - 6 4 5 5 - 1 5 0 6 - 6 5 112 Guyana National Insurance SchemeSAMPLE NUMBER OF SICKNESS SPELLS PAID BY AGE-GROUP, EMPLOYMENT CATEGORY TABLE M AND SEX OF RECIPIENTS 2012 EMPLOYED SELF - EMPLOYED BOTH CATEGORIES AGE GROUP MALES FEMALES TOTAL MALES FEMALES TOTAL MALES FEMALES TOTAL 16 - 20 228 162 390 - - 21 - 25 1,498 1,400 2,898 26 - 30 1,578 1,408 2,986 31 - 35 1,302 1,246 2,548 36 - 40 1,413 1,065 2,478 41 - 45 1,503 1,100 2,603 46 - 50 1,710 1,091 2,801 51 - 55 1,850 56 - 60 1,419 874 600 2,724 2,019 TOTAL 12,501 8,946 21,447 5 14 18 59 58 147 193 193 687 1 3 23 22 49 57 94 109 358 - 6 17 41 81 228 162 390 1,503 1,401 2,904 1,592 1,411 3,003 1,320 1,269 2,589 1,472 1,087 2,559 107 1,561 1,149 2,710
 204 1,857 1,148 3,005 287 2,043 968 3,011 302 1,612 709 2,321 1,045 13,188 9,304 22,492 113 Guyana National Insurance SchemeSAMPLE TABLE N NUMBER OF SICKNESS SPELLS PAID BY DIAGNOSIS AND SECTOR 2012 CODE DIAGNOSIS SUGAR SUGAR CATEGORIES NON- BOTH 1 2 5 6B 6C 7F 8 9 10A 11F 11I 11J 21A 21B 21C 21D 22 25 26 27 28 29 30 31 32 34 35 Tuberculosis of Respiratory System Tuberculosis, Other Forms Dysentery, All forms Enteric Fever Other Infective Diseases, Food Poisoning Chicken Pox Typhus
 and other rickettsial diseases Malaria Filariasis Parasitic Skin Infections Infectious Hepatitis (Catarrhal Jaundice) Other Infectious and parasitic diseases Malignant neoplasms, including neoplasms of lymphatic & haematopoietic tissues Benign neoplasms and neoplasms of unspecified nature Allergic Disorders Diseases of thyroid gland Diabetes mellitus Anaemias Psychoneurosis and psychosis Vascular lesions affecting central nervous system Trachoma Cataract Other Diseases of the eye Injury to the eye Diseases of ear and mastoid process Arteriosclerosis and degenerative heart disease Hypertensive diseases Diseases of veins Acute Nasopharyngitis (common cold) Acute Pharyngitis and tonsillitis and hypertrophy of tonsils and adenoids Influenza Pneumonia Bronchitis All other respiratory diseases Diseases of stomach and duodenum, except cancer Continued Overleaf 114 6 - 3 5 2 7 2 4 - - 1 - - 208 403 53 266 746 338 157 1 255 608 58 299 1,026 462 Guyana National Insurance SchemeSAMPLE TABLE N (cont’d) NUMBER OF SICKNESS SPELLS PAID BY DIAGNOSIS AND SECTOR 2012 DIAGNOSIS SUGAR SUGAR CATEGORIES NON- BOTH CODE 36 Appendicitis Hernia of abdominal cavity Diarrhoea and Enteritis Diseases of Gallbladder and bile ducts Diseases of the teeth Other
 diseases of the Digestive System Nephritis and Nephrosis Diseases of male genital organs Diseases of female genital organs Normal Deliveries Complications of pregnancy, child-birth and the puerperium Boil, abscess, cellulitis and other skin infections Other diseases of skin Arthritis and Rheumatism, except Rheumatic Fever Diseases of bones and other organs of movement Congenital Malformations and diseases peculiar to early infancy Epilepsy Diseases of Nerves and peripheral ganglia Urinary calculus Other
 diseases of urinary system Other specified and ill-defined diseases Open fractures (all sites) Closed fractures (all sites) Complicated fractures (all sites and complications) Dislocations (all sites) Head Injury, excluding fracture pelvis Internal Injury (chest, abdomen and pelvis) Lacerated, open and contused wounds Burns and scalds Occupational poisoning Other poisoning Other Violence (snake bites, stabs, gun shot and MVA) 37 38 39 40A 40B 41 42A 42B 43A 43B 44 45 46 47 48 49A 49B 49C 49D 49E 50A 50B 50C 50D 50E 50F 50G 50H 50I 50J 50K 50L 8 48 166 1 19 312 1 70 36 - 26 236 7 130 15 - 13 7 20 37 86 410 48 59 45 134 576 49 78 969 1,281 - - 292 39 1 8 1 38 615 14 44 44 2 259 42 1 2 - 49 775 17 57 61 2 551 81 2 10 1 Back Pain,Sprains, Strains Ligament Injury 283 384 667 50M Trauma TOTAL 57 81 138 6,059 16,433 22,492 115 Guyana National Insurance SchemeSAMPLE NUMBER OF SICKNESS BENEFIT MEDICAL CARE CLAIMS PAID BY TABLE O AGE-GROUP, SECTOR AND SEX 2012 AGE GROUP 0 - 19 20 - 24 25 - 29 30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 SUGAR NON-SUGAR BOTH SECTORS MALES FEMALES TOTAL MALES FEMALES TOTAL MALES FEMALES TOTAL 1,573
TOTAL 2,217 420 2,637 7,812 12,104 19,916 10,029 12,524 22,553 116 Guyana National Insurance SchemeSAMPLE TABLE P NUMBER OF MATERNITY ALLOWANCES PAID BY AGE-GROUP, EMPLOYMENT STATUS AND BENEFIT DAYS 2012 EMPLOYED SELF-EMPLOYED BOTH CATEGORIES AGE GROUP NO.
OF CASES BENEFIT DAYS NO.

OF CASES BENEFIT DAYS NO.
OF CASES BENEFIT DAYS 16 - 20 168 21 - 25 1,031 26 - 30 1,040 31 - 35 36 - 40 41 - 45 46 - 50 51 - 55 56 - 60 840 388 51 3 - - 7,846 44,957 44,408 34,966 15,559 2,112 89 3 10 6 18 7 2 - - - 156 636 468 1,313 444 144 - - - 171 1,041 1,046 858 395 53 3 - - 8,002 45,593 44,876 36,279 16,003 2,256 89 - - TOTAL 3,521 149,937 46 3,161 3,567 153,098 117 Guyana National Insurance SchemeSAMPLE TABLE Q NUMBER OF MATERNITY ALLOWANCES PAID BY BENEFIT DAYS AND AMOUNT BENEFIT DAYS 2012 NUMBER OF CASES AMOUNT PAID ($) 19-24 25-30 31-36 37-42 43-48 49-54 55-60 61-66 67-72 73-78 79-84 85-90 91-96 97-102 103-108 TOTAL 2 2 1 3 6 7 7 13 11 15 3,604 10,366 8,070 20,296 53,470 67,482 89,719 152,752 161,451 239,260 124 1,294 2,343,271 27,743,838 2 1 1 - 1 1 9 10 8 9 16 25 45 1,879 1 74 - - - - - 65,338 18,844 23,280 - 22,933 20,070 372,385 523,279 451,076 736,125 1,022,518 2,490,288 4,694,995 209,392,098 62,980 9,112,471 - - - - - 3,567 259,902,259 118 Guyana National Insurance SchemeSAMPLE TABLE R NUMBER OF INJURY SPELLS PAID BY AGE-GROUP AND SEX 2012 AGE-GROUP MALES FEMALES MALES & FEMALES Below 16 16 - 20 21 - 25 26 - 30 31 - 35 36 - 40 41 - 45 46 - 50 51 - 55 56 - 60 Over 60 1 89 208 177 188 217 218 189 170 85 5 - 9 8 2 12 14 30 10 8 13 3 1 98 216 179 200 231 248 199 178 98 8 TOTAL 1,547 109 1,656 119 Guyana National Insurance SchemeSAMPLE NUMBER OF INJURY BENEFIT CASES PAID BY BENEFIT DAYS, SEX & SECTOR TABLE S 2012 BENEFIT DAYS SUGAR NON-SUGAR BOTH SECTORS MALES FEMALES TOTAL MALES
 FEMALES TOTAL MALES FEMALES TOTAL - 24 25 - 30 31 - 36 37 - 42 43 - 48 49 - 54 55 - 60 61 - 66 67 - 72 73 - 78 79 - 84 85 - 90 91 - 96 97 - 102 103 - 108 109 - 114 115 - 120 121 - 126 127 - 132 133 - 138 139 - 144 TOTAL - 1 1 - - - 1 - - 3 - - 4 7 16 3 2 5 2 0 3 - - 1 - 1 1 4 1 - - - - - - - - - - - - - - - - - - - 40 26 34 64 108 199 88 81 74 39 58 105 36 22 18 13 33 38 78 36
 31 16 14 4 9 2 3 5 2 1 - 1 1 - - - 1 - - 3 1 10 19 18 44 9 10 21 7 17 30 5 6 - 8 4 8 18 19 28 7 10 2 2 3 4 1 2 1 - 1 1 1 - - - - - 1,227 53 1,280 320 120 2 2 3 - 3 14 1 3 1 2 - 5 1 - 1 1 - 4 6 - 1 2 1 1 - 1 - - - - - - - - - - - - - 1 1 1 - - - - - 2 2 1 - - 1 - - 5 2 3 4 10 30 4 5 6 4 - 8 1 - 2 1 1 5 45 29 47 83 129 257 98 94 96 48 75 140 42 28 19 22 37 50 10 102 1 1 2 1 1 - 1 - - - - - - - - - - - - 1 55 60 25 25 7 11 6 7 6 4 2 - 2 2 1 - - 1 - 1 376 1,547 109 1,656 Guyana National Insurance SchemeSAMPLE NUMBER OF INJURY BENEFIT MEDICAL CARE CLAIMS PAID BY AGE-GROUP, SECTOR AND SEX TABLE T SUGAR 2012 NON SUGAR BOTH SECTORS MALES FEMALES TOTAL MALES FEMALES TOTAL MALES FEMALES TOTAL - 1 3 5 2 - 10 15 2 36 - 74 - 20 28 33 84 69 67 71 41 74 13 - 51 116 91 153 131 148 124 108 50 13 - 2 3 5 5 7 20 19 4 39 1 - 53 119 96 158 138 168 143 112 89 14 500 985 105 1,090 AGE GROUP Below 16 16 - 20 21 - 25 26 - 30 31 - 35 36 - 40 41 - 45 46 - 50 51 - 55 56 - 60 60 + - 32 91 63 71 62 91 68 69 12 - - 1 - - 3 7 - 33 91 63 74 69 10 101 4 2 3 1 72 71 15 1 - 19 25 28 82 69 57 56 39 38 13 TOTAL 559 31 590 426 121 Guyana National Insurance SchemeSAMPLE TABLE U NUMBER OF DISABLEMENT PENSIONS BY NATURE OF DISABILITY AND AMOUNT PAID 2012 NATURE OF DISABILITY NUMBER OF CASES TOTAL AMOUNT PAID ($) Cuts and Lacerations
 Amputation Sprains and Strains Injury to Eye Head Injury Fractures Burns and Scalds Post Traumatic Paralysis of Joints, Limbs or other parts of the body Dislocations Other Injuries TOTAL 25,738 98,081 13,930 25,797 - 59,342 19,828 55,797 - 66,989 365,502 2 6 2 2 0 6 1 4 0 2 25 122 Guyana National Insurance SchemeSAMPLE NUMBER OF DISABLEMENT GRANTS BY AGE-GROUP, SEX TABLE V AND AMOUNT PAID 2012 AGE GROUP 16 - 20 21 - 25 26 - 30 31 - 35 36 - 40 41 - 45 46 - 50 51 - 55 56 - 60 Over 60 TOTAL MALES FEMALES MALES &
 FEMALES NUMBER AMOUNT PAID NUMBER AMOUNT PAID NUMBER AMOUNT PAID OF CASES ($) OF CASES ($) OF CASES ($) 1 1 3 4 7 4 7 8 3 1 39 194,688 90,792 416,988 711,578 1,116,305 1,066,915 1,394,645 2,346,115 463,804 479,170 8,281,000 - - - - - 1 - - 1 - 2 - - - - - 199,836 - - 538,938 - 738,774 1 1 3 4 7 5 7 8 4 1 41 194,688 90,792 416,988 711,578 1,116,305 1,266,751 1,394,645 2,346,115 1,002,742 479,170 9,019,774 123 Guyana National Insurance SchemeSAMPLE ANALYSIS OF INDUSTRIAL DEATHS BY CONDITION OF AWARD TABLE W AND NATURE OF INJURY 2012 CONDITION OF AWARD NATURE OF INJURY NUMBER OF DEATHS WIDOWS WITH CARE OF CHILDREN WIDOWS OVER 45 YEARS ORPHANS TOTAL Drowning TOTAL 1 1 1 1 - - - - 1 1 124 Guyana National Insurance SchemeSAMPLE 125 Guyana National Insurance SchemeSAMPLE SAMPLE SAMPLE SAMPLE