Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698072093804.pdf (Guyana)
NATIONAL INSURANCE SCHEME ANNUAL REPORT l .

I Guyana National Insurance Scheme BOARD OF MANAGEMENT NATIONAL INSURANCE SCHEME -GUY ANA 1.

Dr. Surendra Persaud 2.

Mrs. Holly Greaves 3.

Mrs. Carol Corbin 4.

Mr. Deryck Rodney Director/General lnc.

Surgery Caribbean Surgeon Chairman General National Manager Insurance Scheme Deputy Chairman Finance Specialist and Procurement Member Social Security Consultant Member 5.

Mr. Lincoln Lewis Trade Unionist Member 6.


Mr. Manniram Prashad Insurance Broker Member 7.

Mr. Ramesh Persaud Chartered CEO-TPED Accountant Member 8.

Mr. Keith Cholmondeley Consultant Member 9.


Mrs. Kathleen Jason Head, Enterprise Division Monitoring Member 1 Griymnr-Natimrnl I11sZ1rn11ce Scheme BOARD OF DIRECTORS Dr. Surendra Persaud Mrs. Holly Greaves Mr. Manniram Prashad Mr. Deryck Rodney Mrs. Carol Corbin Mr.Ramesh Persaud \ Mr. Lincoln Lewis Mrs. Kathleen Jason Mr. Keith Cholrnondeley 2 Guyana Nalional l11s11rance Scheme OUR MISSION To establish enough inco1ne interrupted by sickness or accident.
and maintain is secured Security a system of Social to take the place of earnings through when such are which for retirement To provide and to meet exceptional death.

through expenses age, sudden death of a breadwinner as those concerned with birth and To ensure that monies collected payments would reap maximum benefit.
are invested in such a manner that the economy which have to be used for future of the country 3 0 Guyuua Naliaual lllrn1w11c Scheme 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.
\ 4 Guya11a National Insurance Scheme CONTENTS PAGE LETTER OF TRANSMITTAL JNTRODUCTlON CHANGES MADE DURING 2017 PART 1 TlON AND COMPLIANCE ofNew Employers Persons of Employed REGISTRA Registration Registration Self-Employed Registrants Registration of Voluntary Contributors BRANCH BENEFITS: LONG TERM BENEFITS Old Age Pension Old Age Pension-Caricom Old Age Grant Invalidity Invalidity Survivors' Survivors' Funeral Pension Grant Pension Grant Grant Agreement BRANCH SHORT TERM BENEFITS Benefit Sickness Benefit Medical Sickness Care Care Medical Overseas Medical Extended Care Allowance Maternity Maternity Grant Attendance Constant BENEFITS BRANCH Benefit Benefit INDUSTRLAL Injury Medical Care Injury Overseas Care Medical Pension Disablement Grant Disablement Industrial Death Pension MEDICAL ADJUDICATION Industrial cases referred to Medical OF CLAlMS Board Guyana Nnhn1rnl hrsnrnm:e -Scheme Non-Industrial cases referred to Medical Board Treatment Abroad Medical Visits by Nurses APPEALS TO TRIBUNAL ESTABLISHMENT Staffing Training and Public Relatio ns AND ORGANISATION INCOME AND EXPENDITURE lncome Ex._pe1iditure Fund National Insurance AUDITED ACCOUNTS PART2 PART3 52 53 53 54 54 54 54 56 56 57 59 61 ANNEX STATISTICAL 10 l 6 Guyana National Scherne /11s11rance TABLES IN TEXT TABLE DESCRIPTION PAGE NUMBER OF EMPLOYED REGISTRANTS YEARS BY AGE-GROUP AND SEX-2017 BETWEEN AGES 16 & 59 15 2 NUMBER OF EMPLOYEES (AGE
 16-59 YEARS) REGISTERED ANNUALLY AND AVERAGE AGE: 2013-2017 17 3 NUMBER OF SELF-EMPLOYED REGISTRANTS: 2013-2017 19 4 NUMBER OF OLD AGE PENSIONS GRANTED BY AGE-GROUP, EMPLOYMENT STATUS AND SEX-20I 7 5 MOVEMENT OF OLD AGE PENSIONS-2 017 20 21 6 NUMBER OF OLD AGE LUMP SUM PAYMENTS BY SEX OF RECIPIENT AND A VERA GE AMOUNT PAlD -2017 22 7 OLD AGE LUMP SUM PAYMENTS AND NUMBER OF PAID AND CREDITED CONTRrBUTIONS-2017 22 8 NUMBER OF OLD AGE GRANTS PAID BY EMPLOYMENT STATUS OF RECIPIENTS AND A VERA GE AMOUNT: 2013-2017 23 9 NUMBER OF INVALIDITY PENSIONS AWARDED BY SEX AND AVERAGEAMOUNTS: 2013-2017 10 MOVEMENT OF INVALIDITY PENSIONS-2017 I I INVALIDITY GRANTS AWARDED BY SEX OF RECIPIENTS AND A VERA GE AMOUNT: 2013-2017 12 MOVEMENT OF SURVIVORS' PENSIONS-20I 7 13 NUMBER OF FUNERAL CLAIMS PAID BY SEX, rNSURED STATUS AND EMPLOYMENT CATEGORY-2017 14 NUMBER OF FUNERAL CLAIMS PAID: 2013-2017 7 26 25 26 27 29 29 TABLES IN TEXT (Cont'd) TABLE DESCRIPTION PAGE 15 NUMBER OF SICKNESS SPELLS PAID BY SEX, SECTOR AND AVERAGE DURA TION-2017 3 I 16 NUMBER OF SICKNESS SPELLS PAID, AVERAGE DURATION AND PERCENTAGE ARISING FROM SUGAR SECTOR: 2013-2017 31 17 DISTRIBUTION OF PAID SICKNESS BENEFIT MEDICAL CARE CLAIMS BY SEX AND SECTOR-2017 32 18 PERCENTAGE DISTRIBUTION OF SICKNESS BENEFJT MEDICAL CARE EXPENDITURE BY TYPE OF CARE-20 l 7 ..,.., .)
19 NUMBER OF MATERNITY ALLOWANCES PAID AND AVERAGE DURATION: 2-011-20-17 15 20 NUMBER OF MATERNITY GRANTS PAID BY AGE-GROUP, EMPLOYMENT CATEGORY AND INSURED STATUS-2017 35 21 NUMBER OF INJURY SPELLS PAID BY REASON FOR BENEFIT DAYS AND SEX-2017 TERMINATION, 37 22 NUMBER OF INJURY SPELLS PAID BY SEX AND SECTOR-2017 38 23 NUMBER OF INJURY SPELLS PAID, PERCENTAGE ARISING FROM THE SUGAR SECTOR AND A VERA GE DURATION OF SPELLS: 2013-2017 24 NUMBER OF INJURY BENEFTT MEDICAL CARE CLAIMS PAID BY SEX AND SECTOR-20 l 7 25 INJURY BENEFIT MEDICAL CARE COST BY SECTOR AND TYPE OF CARE (PERCENTAGE-WISE)-2017 26 PERCENTAGE DISTRIBUTION OF INJURY BENEFIT MEDICAL CARE COST-2017 39 39 40 41 8 Guyana National Insurance Scheme TABLES IN TEXT (Cont'd) TABLE DESCRIPTION PAGE 27 DISABLEMENT PENSIONS BY PERCENTAGE OF DISABILITY, SECTOR AND SEX-2017 28 NUMBER OF DISABLEMENT PENSTONS BY NATURE OF DISABILITY AND LOCATION OF INJURY-20I 7 42 43 29 NUMBER OF DISABLEMENT PENSIONS A WARDED ANNUALLY: 2013-2017 30 MOVEMENT OF DISABLEMENT PENSIONS-2017 31 NUMBER OF DISABLEMENT GRANTS PAID BY SEX AND SECTOR-2017 44 45 45 32 NUMBER OF DISABLEMENT GRANTS PAID BY NATURE OF DISABILIT Y AND LOCATION OF INJURY-2017 46 33 NUMBER OF DISABLEMENT GRANTS PAID BY PERCENTAGE OF DISABILITY, SEX AND SECTOR-2017 34 NUMBER OF INDUSTRIAL DEATHS BY NATURE OF INJURY AND CAUSE OF ACCIDENT-2017 47 48 35 MOVEMENT OF INDUSTRIAL DEATH PENSIONS-2017 49 36 CASES PLACED BEFORE MEDICAL BOARD (INDUSTRIAL): 2013-2017 37 VTSfTS MADE BY NURSES/SICK VISITORS: 2013-2017 52 53 9 -0
 G"yana·NnUoual Insurance S/.·heme LETTER OF TRANSMITTAL 2019 Minister of Finance Jordan, MP The Honourable Mr. Winston Ministry of Finance Main & Urquhart Georgetown.
Streets Dear Honourable Minister, lhave the honour Board together External Auditors for the year 2017. to submit to you the Annual Report of the activities with the Income and Expenditure Account and the Balance of the National by the Sheet as certified Insurance During the year under review, increase in the Public Service month from January 1, 20 l 7.

The minimum Insurable Earnings the insurable Minimum Wage.
Hence the ceiling in accordance with the per for self-employed persons was increased Ceiling Earnings Ceiling to $220,000.00 was adjusted .uting_to_ the_ Sche.me_was i11ci:.eased __frnnL$_62,A0.D .D0_p_e.r 111..on.th.

to_$6.8.,7 5.D.

.

.O...Q_p_e.r mClll!b ----.

_fr11m _ _conti:ib January I, 2017.

The Minimum Rate payable $27,500.00 increased effective by 4% effective January January 1, 2017. for Old Age and Pensions I, 2017.
The rate of all other Invalidity was increased from $25,000.00 to minimum was pensions above the Total income for the year compared with the previous year.

was $21.0878, which represents an increase of approximately 8% when The amount paid as Benefits which was paid during 2016. during the year was $ I 9.7928.

This amount was 11 % more than that Total Expenditure for the year was $2 I .9288.

The excess/(deficit) of income over expenditure was therefore ($842M).
At the end of the year the National Insurance Fund stood at $31.8828.

Yours Sincerely NATIONAL INSURANCE -GUY ANA �te--"> ··· ·············· ····� General Manager 10 Guyana National Insurance Scheme INTRODUCTION The 48th Annual Report of the National accordance with Section the Laws of Guyana.

36 l(a) of the National lnsurance Board -Guyana is presented [nsurance and Social Security Act, Chapter hereunder in 36:01 of The Report trends summarises that have developed over the past years.
the activities of the Board during the year 2017 and also highlights certain The Report is divided into three parts: Part 1 relates claims; the activities of the Scheme with particular reference to insured persons and benefit Part 2 gives an account of the financial state of the Scheme and the National Fund; Insurance Part 3 presents a collection of Statistical Tables that may be useful in the analysis of Patt I.
11 , Guyana National illsurance Scheme CHANGES MADE DURING 2017 ( l) Effective January I, 2017, the amount paid as Funeral Benefit was increased from $36,725.00 to $40,398.00.

(2)The minimum to $27,500.00 rate for Old Age and Invalidi effective January 1, 2017. ty Pensions was increased from $25,000.00 (3)The rate of all other pensions above the minimum was increased by 4% effective January l, 2017.
(4) Effective January l, 2017, the Insurab le Earnings C eiling was increased from $200,000.00 to $220,000.00 per month and $40,154.00 to $50,769.00 per week.

(5) Effective January l , 2017, the minimum Insurable Earnings Ceiling for Self-Employed persons was increased from $62,400.00 per month to $68,750.00 per month.

(6) Effective August 1, 20 J 7, a new General Manager appointed.

Mrs. Holly Greaves Insurance as General Mana ger.


of National replaced Ms. Doreen Nelson Scheme was 12 Guyana National Scheme lns11rance REGISTRA TJON AND COMPLIANCE REGSTRATION OF NEW EMPLOYERS 2017 Six hundred six hundred more than l O persons.

and three (3) employed persons.

and thirty-four and six (606) or approximately (634) employers registered with the Scheme during 2017.
Of this amount, 95.6% were small-scale employers, that is, each employed no Twenty-tlu·ee between 51 and l 00 persons (23) or approximately 3 .6% employed 11 and 50 persons while two (2) employers of l 00 in excess between employed 3% of the new employers, Forestry that the "Agriculture, 24 or approximately revealed by Industry Sectors Sector An analysis approximately Quarrying" "Construction" approximat for 179 or approximately absorbed into the "Supply and Communication" "Storage accounted ely 10% were absorbed and 20 or approximately 3% were absorbed for 121 or approximately into the "Commerce" 28% of the new employers.
of Electricity, Gas & Steam", The remaining "Water Sector, Sector and Fishing" 4% entered into "Manufactur accounted for 21 or into the "Mining and The ing" Sector.

61 or Further, 19% of the new registrants.

Sector accounted while the "Services" 33% were 208 or approximately Sectors, as well as in activities and Sanitary not adequately Services" described.

and "Transport", Six hundred therefore and ten (610) employers an increase registered 4%.

of approximately represents with the Scheme during 2016.
The total for 2017 The total number of Employers active employers was approximately 6,967. registe red with the Scheme as at 2017.12.31 was 29,968.

The number of Table A in the Annex shows the distribution gives a graphical illustration of new employers Distribution.

of the Industrial by Industry and Size.

Figure I overleaf REGISTRATION OF EMPLOYED PERSONS A total of 12,689 approximately employed persons were register ed during 50% were males and 6,349 or approximately the year under review.
50% were females.

Of this total, 6,340 or An analysis single, widowed, by marital status reveals 87% of the new registrants were 74 7 or approximately 6% were married 932 or approximately 7% were either that 11,010 or approximately and the remaining relationships.

divorced, separated or in common-law An analysis 16 years and 59 years, years and 59 years, females.

by age shows that 11 of the registrants were under 16 years, and 41 were 60 years and over.
Of the 12,637 12,637 registrants were between the ages of between the ages of 16 6,308 or approximately 50% were males and 6,329 or approximately 50% were 9,873 or approximately years, Fwther, the age-group ( 16-24) or approximately 169 or approximately I 7% were in the age-group (50-59) The age-group years.

I% of the new registrants.


ages 16 years and 59 years were in years and 497 for years accounted 2,098 or approximately 78% of the new registrants 4% were in the age-group between (25-39) ( 40-49) 13 G• Guyana Nalio11al lnsa.-ance Scheme >- 0:: ..... (/) :::::> Q z >- en (/) 0:: UJ a::: UJ :::::> >- rf 0 �g l'i u. a.. � UJu.

0 0:: UJen � :::::> z 14 Guyana NaUonal Insurance Scheme Table 1 below shows the number of employed registrants by Age-group and Sex.
NUMBER OF EMPLOYED REGISTRANTS BETWEEN AGES 16 & 59 YEARS TABLE 1 BY AGE-GROUP AND SEX 2017 AGE-GROUP MALES FEMALES MALES & FEMALES 16 -19 20 -24 25 -29 30 -34 35 -39 40 -44 45 -49 50 -54 55 -59 TOTAL The average age of both male and female registrants was 22 years.

Table B in the Annex shows the number of employed Status.
registrants by Age-group, Sex and Marital shows that 5,347 or approximately d for 1,533 or approximately 12.1 % of the new registrants, the "Commerce" Sector Sector.

and Communication" Storage analysis ately 13.6% entered An Industrial or approxim the "Transport, accounte Fishing" "Constr 1,068 or approximately "Electricity, described".
Sector accounted Gas and Steam", uction" Sector 1,725 the "Services" Sector, 42.1 % entered and 1,572 or approximately In addition, 12.4% entered the "Manufacturing" Sector Forestry the "Agriculture, and 7.1 % of the new registrants, and the The remaining 4.3% of the new registrants.
and Quarrying", not adequately were absorbed in the "Mining Services" and "Activities Sectors for 896 or approximately for 548 or approximately accounted 8.4% of the new registrants "Water and Sanitary Table C in the A1rnex classifies illustration gives a graphical the new registrants by Industry Distribution.

of the Industrial and Sex, while Figure II overleaf During 2016, a total The 2017 total of 12,637 of 11,959 of the new registrants were between the ages of 16 years and 59 years.
therefore represents an increase of approximately 6%.

The number of Employed Persons registe red with the Scheme as at 2017.12.31 totaled 721,020.

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I a m a '£ i • 4,000 3,000 2,000 1,000 () � - - - -.a,:·,,1 -,.. s e "'lc•• uuctl o• ,.,..,ce ct•�•• 1c>t10• f\So1•• an'I '"" • st••"' ,.,ce0 � cororo•• '" ••• ••• a• fores �\o\f\9 \c\\'J, f\O sa e,\eclf G•• •• ,.
.. <'I se ot"" ' p.c \ef a ..,..aa co•• co �•••• • af\O u p.9t\C �raf\S� of\, s\ota9 6 \\ute, � ~ - Industry r " "'l1 · I I Guyana National Insurance Scheme The active registrants as at 2017.12.31 were approxim ately 166,099.
Table 2 below shows the number of new registrants between period 2013 -2017. the ages of 16 and 59 years over the NUMBER OF EMPLOYEES (AGE 16-59 YEARS) REGISTERED ANNUALLY TABLE 2 AND A VERA GE AGE 2013 -2017 DESCRIPTION 2013 2014 2015 2016 2017 Males 5,230 5,963 6,221 6,248 6,308 Age Average 23 22 22 23 23 Females 5,315 5,492 5,730 5,711 6,329 Age Average 22 22 22 23 22 Males & Females 10,545 11,455 11,951 11,959 12,637 Age Average 23 22 22 23 22 The Table above exhibits age remained average relatively stable.
an increasing trend 111 the number of persons registered, while the 17 Guyana National Insurance Scheme SELF-EMPLOY ED REGISTRANTS During the year under review, 578 or approximately persons 922 self-employed 63% males and 344 or approximately were registered.

37% females.
37% females.

This total comprises by age shows that the age-group An analysis 28.4% of the registrants, the age-group and the age-group (46-60) years accounted ( 16-30) years accounted (31-45) years accounted for 4 72 or approximate for 262 or approximately ly 51.2%, for 188 or approximately 20.4%.

The average age was 37 years.

age of male registrants was 36 years and that of females 37 years.

The overall average by Industry that were not adequately shows that 770 or approxim described, Sector.
and Communication" 1 % of the new entrants The distribution into activities Storage "Transport, I I or approximately The remaining Sector.

"Mining Fishing", "Water and Sanitary" Sectors.


and 6 or approximately l % entered while l 19 or approximately the "Service In addition, s" Sector 13% were from the for accounted the "Commerce" & Forestry in the "Agriculture Gas & Steam", "Electricity, and Quarrying", "Manufacturing", "Construction", 16 or approximately 2% were absorbed entered ately 83% of the new registrants Tabt�-Din the Annex shows-tire-distribution -of-self-emp loyed registrants by Industry and S-ex.
An examinati were Single 16% were either on of the Marital and 342 or approximately of the new registrants reveals 37% were married.

Separated Divorced, Widowed, Status that 435 or approximately 47% The remaining 145 or approximately or in Common-Law Relationships.

Table E in the Annex classifies the new registrants by Age-Group, Sex and Marital Status.
persons A total of 885 Self-employed therefore represents of approximately registe persons red with the Scheme as at 2017-12-31 was 33,625. were registered during 4%.

The total was approximately an increase 7,957.

2016.

The 2017 figure of 922 persons number of Self-employed Self-employed The number of active The number of Self-Employed persons Table 3 overleaf.
registered annually over the period 20l3-2017 is shown in 18 Cu ya na National Insurance Scheme TABLE3 NUMBER OF SELF-EMPLOYED REGISTRANTS 2013-2017 DESCRIPTION 2013 2014 2015 2016 272 390 509 538 2017 578 Males Females 214 172 263 347 344 Males & Females 486 562 772 885 922 Table 3 above exhibits annually during an increasing 20l3-2017.
the period trend in the number of self-em ployed persons registered REGISTRATION OF VOLUNTARY CONTRIBUTORS who have had paid or had paid on their behalf can seek permission to continue at least 100 contributions during contributing the course on a voluntary to the Scheme Persons of their employment basis.

Nineteen (19) applications Of the nineteen received, disallowed for registration ten (10) persons and six (6) are outstanding.
as voluntary contributors were received 20 l 7. during three (3) were Contributions, became Voluntary The number of persons the Scheme to the end of 2017 was 830. who were issued Ce1tificates of Voluntary Insurance from the inception of OLD AGE PENSION BENEFITS LONG TERM BENEFITS BRANCH A total of 2,706 Old Age Pensions approximately females.

59% were awarded were awarded to males, and 1,112 or approximately during 2017.
Of this total, 1,594 or to 41 % were awarded of the new Pensioners Persons, An analysis 86% were Employed breakdown further females.

Likewise, received Old Age Pensions.

shows that of the 2,327 Employed while 379 or approximately Persons, 14% were Self-employed 1,358 were males and 969 were females males and 143 Self-employed who there were 236 Self-employed A that 2,327 or approximately Persons.

by Employment Category reveals The ages of the new Pensioners overleaf.

ranged from 60 years to 85 years.
This is shown 111 Table 4 19 NUMBER OF OLD AGE PENSIONS GRANTED BY AGE-GROUP, TABLE4 EMPLOYMENT STATUS AND SEX 2017 EMPLOYED SELF-EMPLOYED BOTH CATEGORIES AGE GROUP MALF:S FEMALES MALES FEMALES & FEMALES MALES FEMALES & FEMALES MALES MALES MALES & FEMALES 60 -64 1,241 921 2,162 221 137 358 1,462 1,058 2,520 65 -69 85 37 122 12 6 18 97 43 140 70 -74 26 I I 37 3 0 75 -79 4 0 4 0 0 80-84 I 0 I 0 85 -89 I 0 I 0 0 0 3 0 0 0 29 lI 40 4 l 0 0 l 0 4 I I TOTAL 1,358 969 2,327 236 143 379 1,594 1,112 2,706 The average $43,131.00.
age of the new Pensioners was 61 years and their average monthly rate of pension was An examinati on of the contribution of 1,214 contributions, of which approximately and approximately 0.25%, was credited.

status shows that the new Pensioners qualified with an average 99.75% were paid by or on behalf of the Pensioner The number of Old Age Pensions shown in Table F in the Annex.
awarded by Age, Sex and Contributions Paid and Credited, is During represe 2016, a total of 3,124 Old Age Pensions nts a decrease of approximately 13 .4 %.

were awarded.

The 2017 total of 2,706 therefore At the beginning $28,132.00.

During of the year therefore, of the year, 34,518 Old Age Pensions were awarded in payment the year, 2,706 Pensions there were 35,869 Pensions were in payment, at an average rate of and 1,355 were terminated.

at an average rate of $29,240.00.


At the end The movement of Old Age Pensions is shown in Table 5 overleaf.
20 Guyana National /11s11rance Scheme TABLE 5 MOVEMENT OF OLD AGE PENSIONS 2017 DESCRIPTION MALES FEMALES MALES& AVERAGE MONTHLY FEMALES RATE($) Pensions in payment at the beginning of the year 23,952 10,566 34,518 28,132 Pensions granted from Jan. -December 2017 1,594 1,112 2,706 43,131 Pensions terminated for Jan. -December 2017 1,021 334 1,355 28,688 Pensions in payment as at December 31, 201 7 24,525 11,344 35,869 29,242 Table G in the Annex shows the number of Old Age Pensions Employment Status and Sex.
by Age, as at 2017.12.31 OLD AGE PENSION CASES UNDER CARICOM AGREEMENT A total of eight (8) Old Age Pensions during one ( l ) was awarded the year 2017.

Of this total, to a female.

were awarded under the Caricom Social 87.5% were awarded Agreement and to males, Security seven (7) or approximately The ages of the pensioners years and that of the females, 68 years.

The overall average The average age was 66 years.

ranged from 62 years to 71 years.


age of the males was 65 The total amount awarded $1,110,101 was awarded was $7,046,520 The average to females.

amount paid was $880,815.

of which $5,936,419 was awarded to males and The average Agreement was approximat ely $16,243 per month.

monthly benefit amount for the eight (8) cases paid under the Caricom Social Security During 2016, a total of l O cases were paid under the Caricom 2017 of 8 therefore represents a decrease of approxim ately 20%.
Social Security Agreement.

The OLD AGE GRANT One thousand, 695 males and 409 females.

one hundred and four Old Age Grants were paid during 2017.

The recipients were amount paid to the males was $63,163.00 The average average Table 6 shows the number of Old Age lump sum payments Amount Paid.

amount paid was $67,180.00.

and to the females $74,004.00.
The overall by Sex of Recipients and Average 21 Guyana Nalio11al Jns11ra11ct> Scheme � TABLE 6 NUMBER OF OLD AGE LUMP-SUM PAYMENTS BY SEX OF RECIPIENTS AND AVERAGE AMOUNT PAID 2017 DESCRIPTION MALES FEMALES FEMALES Number of persons 695 409 I, I 04 MALES& Percentage Paid 63 37 100 Average Amount Paid($) 63,163 74,004 67,180 Total Amount paid ($) 43,898,62 3 30,267,772 74,166,395 of the contribution spread reveals An analysis of 451 contributions, qualified with an average while the females qualified of 441 paid and credited that the males qualified with an average contributions.
This is shown in Table 7. of 425.

Overall, for the grant with an average the recipients OLD AGE LUMP-SUM PAYMENTS AND NUMBER OF PAID AND CREDITED CONTRIBUTIONS TABLE 7 2017 DESCRIPTION MALES FEMALES FEMALES No.

of Recipients 695 409 I, I 04 MALES & Total Contribu tions paid & credited 313,106 173,929 487,035 Average person per insured 451 425 441 The ages of the to 87 years, overall recipients with the age-group age was 63 yrs.
average in both the employed and self-employed categories 60 years ranged from (60-65) years accounting for 885 or approximately 80%.

The The number of Old Age Grants shown in Table H in the Annex.

awarded by Age, Sex and Employment Status of Recipients is During 2016, 1,568 Old Age Grants decrease of approximatel y 30%.

were awarded.

The 2017 total of 1, I 04 represents therefore a Table 8 shows the number of Old Age Grants awarded average amount paid for the by Employment period 2013-2017.
Status of Recipients and 22 Guyana Naliona.l Insurance Scheme TABLE 8 NUMBER OF OLD AGE GRANTS PAID BY EMPLOYMENT STATUS OF RECIPIENTS AND AVERAGE AMOUNT 2013-2017 DESCRIPTION 2013 2014 2015 2016 Employed 836 689 971 1,380 2017 976 Self-Employed 127 459 127 188 128 TOTAL 963 1,148 1,137 1,568 1,104 Average Amounts ($) 61,710 63,853 60,156 68,312 67,180 The Table above shows average amount paid over the entire period.
a fluctuating trend in both the number of Old Age Grants awarded and the INVALIDITY PENSION A total of 76 fovalidity females, with Pensions 7 males and 3 female were awarded during 2017.

The recipients recipients originating from the self-employed were 59 males and 17 category.

shows that 30 or approximately An age analysis years, were in the age-group 44)years, were in the age-group (30-34) 22 or approximately ln addition, years.

5% were in the age-group years.


( 45-49) 4 or approximately 29% were in the age-group (50-54) years and 12 or approximately 8% were in the age-group years and 2 or approximately were in the age-group 16% ( 40- 3% (55-59) (35-39) 6 or approximately 39% of the recipients The average average age was 52 years.

age of the male recipients was 52 years and that of the females, 49 years.

The overall An examination of the contribution contributions awarded while the females paid.
of which approximately with an average with an average the pension qualified status shows that the recipients qualified of 906 with an average 97.8% were paid of 943 contributions and 2.2% were credited.

of which approximately The males were 98% were paid, of which approximately of 778 contributions 98% were The average monthly Pension was $41,948.00.
Table 9 2017. overleaf shows the number of Invalidity Pensions awarded annually over the period 20 I 3- 23 , Guyana National Insurance Scheme TABLE 9 NUMBER OF INVALIDITY PENSIONS AW ARD ED BY SEX AND A VERA GE AMOUNTS 2013-2017 DESCRIPTION 2013 2014 2015 2016 2017 Males 28 39 61 57 59 Females 15 18 27 36 17 Males & Females 43 57 88 93 76 AVERAGE AMOUNTS($) 28,130.00 27,411.00 33,420.00 36,165.00 41,948.00 The Table above displays 2013-20_ 16, while the__avernge an10unLpai_d trend in the number of Pensions shows an_overn1Un_creasing trnnd.
an increasing awarded for the period At the beginning of the year, there were 603 Pensioners females.

During the year, 76 Pensions terminated, the Pensioners there were 581 pensioners attainment of age 60 years, deemed invalids.

comprising 415 males and 166 females.

and 3 claimants on stream 75 were due to the Pensioners' on stream and 98 were terminated.
were no longer were awarded consisti 20 were due to the death of ng of 426 males and 177 Of the amount At the end of the year therefore, Table 10 overleaf paid by Age, Sex and Contributions shows the Movement Paid and Credited is shown in Table I in the Annex.

oflnval idity Pensions.
The number of Invalidity Pensions 24 Guyana National Insurance Scheme MOVEMENT OF INVALIDITY PENSIONS TABLE IO 2017 DESCRIPTION MALES FEMALES MALES& FEMALES AVERAGE MONTHLY RATE($) Pensions the year in payment at the beginning of 426 177 603 26,624 Pensions granted during the year 59 17 76 41,948 Pensions terminated during the year by: (a)Death 16 4 20 34,776 (b)Attaining age 60 years 53 22 75 33,266 (c)No longer deemed invalid l 2 3 18,095 Pensions 31,2017 in payment as at December 415 166 581 27,535 INVALIDITY GRANT Eight Invalidity were awarded Grants during 2017.
The awardees were 5 males and 3 females.

ranged The ages of the recipients from 31 years to 57 years and their average age was 4 7 years.

The recipients qualified with an average of 140 paid and credited Contributions.

Four ( 4) Invalidity Grants increase were awarded l 00%.

of approximately during 20 I 6.


The 2017 total of 8 therefore an represents Table 11 overleaf I 7. over the period 2013-20 Grants shows the number of Invalidity awarded and the average amount paid 25 INVALIDITY GRANTS A WARDED BY SEX OF RECIPIENTS TABLE 11 AND AVERAGE AMOUNTS 2013-2017 DESCRIPTION 2013 2014 2015 2016 2017 Males Females 3 2 6 0 3 l I ,., 5 .)
Males & Females 4 5 6 4 8 Average Amounts($) 73,701 21,354 87,901 76,434 27,896 The Table above shows an overall and the average amount paid over the period 2013-2017. fluctuating trend in the number of lnvalidity Grants awarded Table J in the Annex gives the number of Invalidity Contrib utions (paid and credited) and Amount Paid.
Grants awarded by Age, Sex, Number of SURVIVORS' PENSION During 2017, 645 Survivors' qualified had children of the deceased because they were over 45 years, l dependent Pensions were awarded.

The recipients widow under 45 years, were 565 widows who 74 widows who in their care and 5 orphans.

Additionally, recipients were children 12 awards of annuity payments insured of the deceased persons.

were shared among 19 other dependents.

The The age analysis had children 44 years.

age was 65 years.

years.


of the recipients of the Survivors' of the deceased in their care ranged from 26 years to 69 years.

The age range of the widows who were over 45 years was 46 to 92 years.

Pension shows that the ages of the widows who age was Their average Their average The ages of the orphans ranged from 4 to 14 years.

Their average age was 9 The age of the dependent widow was 35 years.

Table K in the Annex shows the number of Survivors' Award.
Pensions by Age-group and Conditi on of The widows who had children 115 children age of the children was approximately 12 years.

among them.

The ages of the children of the deceased in ranged from 1 year to their care had 17 years.
The average The widows who qualified received an average monthly were over 45 years received under 45 years received pension of $12, l 02.00. for the pension pension an average they had children while the vvidows because of $17,583.00, monthly pension of 18,998 and the orphans of the deceased who qualified in their care, because they The dependent widow an average monthly of $16,645.00.

received pension a monthly 26 Guyana Nalio11a/ Scheme /1mm111ce At the beginning over 45 years, widowers.
of the year, there were 13,410 pensions in payment to 11,047 widows who were 2,214 widows who had children of the deceased in their care, 1 I 5 orphans and 7 During the year, 645 pensions terminated, Invalidity attained the age of 16 or 18 years.

Pension.

ln addition, 94 were due to the death of the recipients and 49 were recipients 7 were due to the widows' impediment were tenninated.
Of the total of either to marriage Old Age or and 4 children were awarded and 154 pensions At the end of the year, there were 13,901 years of age, 1 dependent in their care, 1 16 Orphans and 7 Widowers.

in payment widow under 45 years, 2,277 widows who had children to 11,500 widows who were over 45 pensions of the deceased The Movement of Survivors' Pensions is shown in Table 12.

MOVEMENT OF SURVIVORS' PENSIONS TABLE 12 2017 WIDOWS 45 YRS AND UNDER WIDOWS OVER 45YRS.
wrnowswrrn CARE OF CHILDREN ORPHANS WIDOWERS TOTAL DESCRIPTION No.OF AVERAGE No.OF AVERAGE No.OF AVERAGE No.OF AVERAGE No.OP AVERAGE No.OF AVERAGE CASES RATE($) CASES RATE($) CASES RATE($) RATE($) CASES RATE($) CASES RATE($) CASES in Pensions paymt"ul al the begilllling year of the Pensious the" year during grautc-d I Pensions tcrminnt.cci by: (a) Death (b) Receipt of Old Agel invalidity Pension of (c-) Attairuue-nt yrs Age I 6/18 {d) lmpedimeut Marriage to 11,074 11,417 2,214 12,287 115 7,071 7 10,702 13,410 11,52 18,998 565 16,645 74 17,583 5 12,102 645 16,721 - 90 13,112 4 18,688 94 13,349 45 17,791 4 12,813 49 17,385 - 4 8,103 4 8,103 4 12,813 3 13,333 7 13,036 iu Pensious payment ns at Decemb�r 3 l, 2017 I 18,998 11,500 11,635 2,277 12,446 116 7,252 7 10,702 13,901 11,731 27 G11_.!
}_a1w Nalional Inrnrc111ce Scheme SURVIVORS' GRANT There were 56 awards of Survivors' 25 female deceased insured Grants persons.

during 2017.

The awards were made in respect of 31 male and The ages of the deceased ranged from 26 years to 73 years.

Their average age was approximate ly 48 years.

The recipients benefit remaining because of the benefit included they were 45 years of age or older, 67 widows and 3 widowers.
Of the 6 7 widows, of the deceased 17 qualified for the in their care and the 28 had children 22 were dependent widows under 45 years of age.

The ages of the widows ranged from 25 years to 63 years.

The age of the widowers was 37, 39 and 40 years respectively.

Their average age was approximately 68 years.

A total of 20 children Their average in the benefit payment.

age was approximately 13 years.

were included Their ages ranged from 1 year to 18 years.
Additionally, who include 22 annuity 21 children payments and I relative.

were shared among other dependants of the deceased insured persons, The amount paid out as grants $245,003.00.

ranged from $1,927.00 to $604,056.00.

The average amount paid was During 2016, 72 Survivors' approximately 22%.

Grants were awarded.

The 2017 total therefore represents an decrease of FUNERAL GRANT During 2017, a total of 1,691 claims and 1,402 were paid.

for Funeral Benefit were processed.


Of this amount, 289 were not paid Of the 289 cases which were not paid, 13 were duplicate disqualified for late submitted and I 3 7 did not provide sufficient Additionally, 8 did not satisfy the contribution requirement logged in error and 16 were non-priority Fu11her, claims, under investigation.

claimants.

misconduct, 2 were as a result of serious willful claims, 1 claimant information was deceased, 61 were for the claim to be processed.
for receipt of the benefit, 23 of the claims 21 were due to overpayment were on previous was 6 were transferred and 1 person's contribution Of the 1,402 claims which were paid, 1,074 or approximately approximately 23% were related to females.

77% were related to males and 328 or of the claims of employed The distribution in respect the 1,279 claims and 45 were on behalf of the deceased Table 13 overleaf.
persons persons paid in the employed of persons were directly paid by employment and 1 23 or approximately category 9% were in respect shows that 1,279 or approximately of self-employed persons.

who were directly category , 117 This is shown in in the self employed 1,234 were on behalf were insured.

and 6 were the spouses Similarly of persons of insured persons.
91 % were whose spouses insured category, Of insured 28 CZ1!JC1na National Insurance Scheme TABLE 13 NUMBER OF FUNERAL CLAIMS PAID BY SEX, INSURED STATUS AND EMPLOYMENT CATEGORY 2017 DESCRIPTION EMPLOYED SELF-EMPLOYED BOTH DIRECTLY SPOUSE DIRECTLY SPOUSE CATEGORIES INSURED INSURED INSURED INSURED Males 935 Females 299 39 6 95 22 5 I 1,074 328 Males & Females 1,234 45 117 6 1,402 An age analysis 48 or approximately group (41-50) years, approximately 69% were over 60 years.
of the deceased shows that 40 or approximately 3% were in the age-group (16 -30) years, 3% were in the age-group (31-40) years, 246 or approximately 18% were in the age-group 100 or approximately 7% were in the age­ (51-60) years and 968 or The average 67 years.

age of the males was 68 years and that of the females, 64 years.

The overall average age was Table L in the Annex shows the number of Funeral Category, Sex and Insured Status.
Benefit claims paid by Age-group, Employment The average amount paid as Funeral Benefit was $37,290.00.

The number of Funeral 9%.

decrease of approximately cases paid in 2016 was 1,537.

The amount paid in 20 I 7 therefore a represents Table 14 shows the number of Funeral Claims paid during the period 2013 -2017.
TABLE14 NUMBER OF FUNERAL CLAIMS PAID 2013-2017 YEAR 2013 2014 2015 2016 2017 DIRECTLY INSURED SPOUSE INSURED 1,598 1,502 1,455 1,474 1,351 40 59 75 63 51 BOTH CATEGORIES 1,638 1,561 1,530 1,537 1,402 The Table above shows a fluctuating trend in the number of Funeral Claims paid during the period.

29 n, Guya"a NaUonal l11sura11cc Scheme SHORT TERM BENEFITS BRANCH SICKNESS BENEFIT During 20 I 7, an aggregate were disallo of 46,027 claims were paid.

wed, while 17,851 for Sickness Benefit were processed.
Of this amount 28,176 It was fu11her four days duration, insufficient information requirement for receipt noted that of the 28,176 claims 123 of the claimants for the processing not paid, 8,733 claims which were were paid full wages by their of their claims, while were for spells of less than employers 1,378 provided 3,283 did not satisfy of the benefit.
the contribution 558 claimants were over the age for receipt of the benefit, that is, twenty-six weeks of payment, 36 claimants their claims late, 32 Further in error and 537 were transferred.

848 were as a 235 had reached the maximum submitted Additionally, period for the benefit, claims, duplicate submitted result of the claimants submitted duplicate 55 claims were logged non-incapacity medical certificates.
for work, 546 were as a result of non-insurability and 9,746 3 79 were being investigated, Of the remaining claims unpaid, benefit, 35 claimants Old Age/ Invalidity invalid, disallowed did not present pension, 1 claimant were overpaid-on previ·ous claims, 3 claimants for serious themselves 66 claimants examinations,3 medical the were not entitled to receive were in receipt of were deemed claimants 103 claims certificate, for medical invalid 1-;47-1-claimm1tsvver e deceased aITd-5-clairns had submitted misconduct.
willful were In relation and 7,431 or approximately to the 17,851 claims 42% were in respect of females.

which were paid, 10,420 or approximately 58% were in respect of males Further analysis showed that 16,702 of the claimants were employed and I, 149 were self-employed.

The ages of the recipients approximately ( 41--60) were in the age-group 53% of the recipients were between the ages (21-40) years, An age analysis revealed that 9,429 or 46% 8,093 or approximately ranged from 18 years to 60 years.
years and 222 or approximately I% were between the ages of ( 16-20) years.

The average age was 39 years.

age of the male recipients was 40 years and that of the females, 38 years.

The overall average Table M in the Annex classifies sex.

the number of sickness spells paid by age-group, and employment status An analysis workers industr of the spells in the sugar sector, ies combined.
paid by sector of the spells showed that 4,487 or approximately 25% arose from while 13,364 or approximately 75% arose from workers in the remaining by diagnosis Spells 1,981 or approximately 2,712 or approximately revealed 9% were due to conditions to other specified 35% were due that 1,284 or approximately 6% were due to diseases of the respiratory resulting from accident, poisoning and violence system, and and ill-defined diseases.
The entire classification of sickness spells by diagnosis and sector is represented in Table Nin the Annex.

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

was 6 benefit This is shown in Table 15. paid in both sectors days.
The average duration of spells 30 Cll!JC111a National Insurance Scheme TABLE JS NUMBER OF SICKNESS SPELLS PAID BY SEX, SECTOR AND AVERAGE DURATION 2017 SUGAR NON-SUGAR BOTH SECTORS DESCRIPTION NUMBER AVERAGE NUMBER AVERAGE NUMBER AVERAGE DURATION DURATION DURATION Males 3,988 6 Females 499 5 6,432 6 10,420 6 6,932 6 7,431 5 TOTAL 4,487 6 13,364 6 17,851 6 A total of 20,360 spells approximat ely 12%.

were paid during 2016.
The 2017 total of 17,851 represents a decrease of Table 16 shows the average sector the period during 2013-20 l 7. duration of sickness spells and the percentage arising from the sugar NUMBER OF SICKNESS SPELLS PAID BY AVERAGE DURATION AND PERCENT AGE ARISING FROM SUGAR SECTOR 2013-2017 TABLE16 DESCRIPTION 2013 2014 2015 2016 2017 arising from: Spells Males 12,074 12,804 10,351 11,536 10,420 Females 8,881 9,167 7,939 8,824 7,431 Males and Females 20,955 21,971 18,290 20,360 17,851 Average (Benefit duration days) ge arising Percenta from Sugar Sector 6 6 6 6 6 27 30 27 24 25 The Table above shows a fluctuating from the sugar sector trend in the number of spells stable.
while the average duration remained paid and the percentage arising SICKNESS BENEFIT MEDICAL CARE A total of 18,376 claims were paid during or approximately 2017.

Of this total, 8,098 or approximately 56% to females.

for the reimbursement of Medical Expenses incurred through Sickness 44% were related to males and 10,278 31 I Guyana National /,zsuram Scheme G The Sugar Sector combined accounted for 16,555 or approximately 90%.
accounted for 1,821 or approximately I 0% of the claims, and the other Industries Of the claims approximately or approximately from the Sugar Sector, 2% were from females.

1,494 or approximately Correspondingly, 8% were from males, and 327 or the other Industries 54% females.

combined had 6,604 36% males and 9,95 l or approximately Table 17 gives the distribution of Sickness Benefit Medical Care claims by Sex and Sector.
DISTRIBUTION OF PAID SICKNESS BENEFIT MEDICAL CARE CLAIMS TABLE17 BY SEX AND SECTOR 2017 DESCRIPTION SUGAR NON-SUGAR BOTH SECTORS NO.

PERCENTAGE NO.

PERCENTAGE NO.

PERCENTAGE MALES 1,494 8 6,604 36 8,098 44 FEIVIACES 327 2 9�951 54 10,278 56 MALES & FEMALES 1,821 10 16,555 90 18,376 100 The ages of the claimants years and that of the females, 42 years.

The overall average age was 44 years.

ranged from 19 years to 59 years.


The average age of the males was 46 Table O in the annex gives group, Sex and Sector.

the distribution of Sickness Benefit Medical Care claims by Age­ An examination on In-patient of the expenditure on Medical care and approximately Care reveals care.

77% on Out-patient that approximately 23% was expended reveals that, approximately approximately of the total reimbursement An analysis Drugs and Dressings, approximately treatment.
were expended Referees, while 12.95% was for miscellaneous approximat on Specialist 1.19% was in respect Care and Further, ely 21.85% was in relation 3 1.56% was in respect Hospitalisation expenses.
respectively, This is shown in Table 1 to 20.15% was in relation Care, of Otthopedic and Prosthetic and approximately to X-Rays and Labs, 10.91 % and 0.85% 0.53% for of Medical Examinations 0.0 I% was for Fees to Medical 32 Czt!Jana Nalional ills11rance Scheme PERCENTAGE DISTRIBUTION OF SICKNESS BENEFIT MEDICAL CARE EXPENDITURE TABLE18 BY TYPE OF CARE 2017 Fees for Orthopedic Description Hosp.

Medical Specialist Exarn.


Care Dressings Drugs and Treatment Medical & Prnsthctic X-Rays Referees Care & Labs Misc.

Total In-Patient 0.85 0.11 .t.73 7.26 0A2 - - 4.93 4.94 23.24 Out- Patient 1.08 6.18 12.89 0.11 0.01 31.56 16.92 8.01 76.76 In And Out 0.85 Patient 1.19 10.91 20.15 0.53 0.01 31.56 21.85 12.95 100 The distribution both [n-patient 92% arose from claimants by Sector and Out-patient care arose from claimants in the Sugar Sector, combined.
in the other Industries shows that approximately 8% of the reimbursement of expenses for while approximately The average amount reimbursed was $26,128.

The number of claims a decrease of approximately 11 % by comparison.

paid during 2016 was 20,727.

The 2017 total of 18,376 therefore represents claims Of the 18,376 of income.

-replacement which were reimbursed, 3,283 had attached The remaining 15,093 were reimbursed the payments for medical only.
expenses of Sickness Benefit OVERSEAS MEDICAL CARE A total of 23 claims approximately amount reimbursed The average to females.

70% were were reimbursed incurred for males and 7 or approximately for medical expenses 30% were for females.

16 or abroad.

Of this total, The total was paid 767 was paid to males $1,326,750 was $9,237,517 of which $7,910, amount paid was $401,631.

EXTENDED MEDICAL CARE thousand, Twenty-one under the Extended Invalidity Medical Pensioners.
one hundred and twenty-seven claims Care Programme.

The were reimbursed were made by or on behalf claims of Old Age and for Medical Expenses A total of 6,218 or approximately approximately Medical Care.

Addition approximately ally, 40% were females.


11 % in respect of Dental 12,640 Care and 12,699 or approximately 29% of the claims were made in respect or approximately of Eye Care, 2,210 or 60% for other types of 60% of the Claimants were males and 8,487 or The average amount expended for Eye Care was $10,514 and for Dental Care, $3,425.

33 Guyana National insurance Scheme The overall average amount expended was $8,640.

During 2016, 21,519 claims increase of approximately 1.8%.

were paid.
were paid.

The number of claims paid during 2017 represents therefore an MATERNITY ALLOWANCE During 2017, 4,009 Maternity Claims were paid to 3,952 employed and 57 self-employed women.

of the recipients shows that 1,248 or approxi 1,335 or approxim 21.8% were in the age-group The age-distribution ( 16-25) years, approximately were in the age-group (36-40) years and 107 or approximately years.

The remaining years to 47 years ately 33.3% were in the age-group years.

In addition, ( 46-50) age was 29 years.


and 872 or 11.1 % 2.

7% were in the age-group ( 41-45) ranged from 18 of the recipients (26-30) 444 or approximately mately 3 1.1 % were in the age-group 3 were in the age-group and their average The ages (31-35) years.

years, Table P in the Annex classifies Benefit Days.
the Maternity Allowances paid by Age-group, Employment Status and that is, payment The distribution allowances, n-urrna:I-,traremity a-I lo-wane-es; 2,199 or approximately approximately 39% were paid of cases paid by benefit days shows that 4,006 persons received normal maternity up to a maximum of 13 benefit weeks.
Of the 4,006 cases which received 236 or a"pproxima-rely-63/o were-p"aid for--th"e---ft.TI 1-µ eriod-of 13 weeks, 55% were paid for periods ranging from 3 weeks to 12 weeks and 1,571 or for periods ranging from I day to 18 days.

Tlu·ee result (3) women were paid the Extended Maternity Allowance, of pregnancy.

from l week to 9 weeks.

were paid for additional periods having developed The recipients ranging complications as a The average amount of maternity days.
allowance was $105,617.00 and the average duration was 45 benefit During 2016, 4,744 claims represe nts a decrease of approximately 15%.

for maternity allowance were paid.

The 20 l 7 total of 4,009 therefore The number of cases paid annually, in Table 19 overleaf.
along with the average duration for the period 20 13-20 I 7 is shown 34 Guyana National Insurance Scheme NUMBER OF MATERNITY ALLOWANCES PAID TABLE19 AND AVERAGE DURA Tl ON 2013-2017 DESCRIPTION 2013 2014 2015 2016 2017 Number of Cases 3,860 3,890 4,341 4744 4009 Average (Benefit Duration Days) 44 46 43 44 45 The Table above exhibits in 2017, while the average an increasing (benefit duration trend during the period days) shows an overall 2013-2016, followed trend.
fluctuating by a decrease Table Q in the Annex shows the number of Maternit Benefit Days.

y Allowances by the Amount Paid and MATERNITY GRANT Two thousand this amount, 1,870 were paid and 172 were disallowed.

and fo11y-two (2,042) claims for Maternity Grant were processed during 2017.
Of which were not paid reveals that 10 duplicate claims of the for late submission, An analysis were disqualified processed contribution full wages by their employer, 27 claimants paid medical care and 2 claims error, and 1 submitted requirement invalid for the receipt not entitled to medical 15 were of the benefit, were not entitled 2 were disallowed to maternity 10 did not satisfy the Additionally, they were paid because grant since they were were logged in 11 of the claims were under investigation.
Further, were transfer care and 54 claims red/closed.

38 did not provide medical certificate.

sufficient claims information were submitted, for the claim to be 2 Of the 1,870 claims qualified spouses were insured which were paid, 1,863 or approximately 99 .6% were paid to claimants who for the benefit in their own right.

The remaining 7 claims were paid to women whose and met the contribution requirement for the benefit.
2% of the recipients were in the age-group 35 or approximately reveals that The age analysis 19)years, 499 or approximately approximately 33% were in the age-group accounted accounted (40-44) years.

for 430 or approximat for 229 or approximately 12%.

years.

years and 4 were in the age-group Of the remaining (45-49) 27% were in the age-group years.
The average (25-29) In addition, ( 16- years and 612 or (20-24) the age-group the age-group (30-34) years years (35-39) ely 23% of the recipients, while age of the recipients was 28 65 recipients, 61 were in the age-group Table 20 overleaf status.
and insured shows the number of maternity grants paid by age-group, employment category 35 1 Guyana Na/ional Scheme insurance TABLE 20 NUMBER OF MATERNlTY GRANTS PAID BY AGE-GROUP, EMPLOYMENT CATEGORY AND INSURED STATUS 2017 AGE EMPLOYED SELF-EMPLOYED BOTH CATEGORIES G ROUP DIRECTLY SPOUSE DIRECTLY SPOUSE DIRECTLY SPOUSE INSURED INSURED INSURED INSURED INSURED INSURED TOTAL - 16 -19 35 20 -24 494 l 25 - 29 605 2 30 -34 412 l 35 -39 223 2 40 -44 55 45-49 4 50-54 - - - l -'FO'F-Ab- l,818 7 - 4 5 17 4 5 - - -3S - - - - - - - - - 35 498 610 429 227 60 4 - - I 2 l 2 I - - 35 499 612 430 229 61 4 - 1--,-863 7 l,-870 The rate of maternity grant is presently fixed at $2,000.00 During the year 2016, 1,909 maternity represents grants of approximately a decrease 2%.
were paid.

The 2017 total of 1,870 therefore CONSTANT ATTENDANCE No Constant Attendance Benefit was paid during the year 2017.

36 Guyana National Insurance Scheme INDUSTRIAL BENEFITS BRANCH INJURY BENEFIT A total of 2,440 claims disallowed and 1,344 were allowed.

for injury Benefit were processed during 2017.

Of this total, 1,096 were of the spells ing of the benefit, An examination who had submitted claimants process four days and 64 claimants of the claimants' wages by their employers.
79 claims Of the remaining error, 26 claims under investigation, misconduct.

had exceeded claims duplicate which were disallowed claims, 6 cases were disallowed that 2 lcases were from claimants because certificates of the medical revealed were deemed invalid, 275 claimants 217 cases were related their claims submitted did not provide sufficient to claimants late.
information who were incapacitated for less than 121 were disallowed ln addition, as a result for the non-incapacity for work and 194 were related had submitted 26 claimants Further, the maximum period which were disallowed, of the benefit 2 were invalid payment, duplicate to claimants medical who were paid full while which is twenty-six weeks.
were logged in certificates 3 7 claims claims, ed, l claimant's were transferred, 12 claimants I l claims were deceased, were being investigat while l claimant contribution was of serious willful were guilty All of the 1,344 spells The average in Table 21 below.

duration which were paid were terminated of these spells upon full recovery thirteen was approximately of the [nsured days.

This is shown (13) benefit Persons.
NUMBER OF INJURY SPELLS PAID BY REASON FOR TERMINATION, TABLE 21 BENEfiTDAYSANDSEX 2017 REASON FOR NUMBER BENEFIT NUMBER BENEFIT NUMBER BENEFIT TERMINATION OF CASES DAYS OF CASES DAYS OF CASES DAYS MALES FEMALES MALES & FEMALES Recovery 1,272 17,289 72 1,043 1,344 18,332 Termination of Benefit after full - 26 weeks period Provisional - Disablement - - - - - - - - - - TOTAL 1,272 17,289 72 1,043 1,344 18,332 The total number of male and female recipients of the benefit was 1,272 and 72 respectively.
37 Guyana Nalional lns11ra11ce Scheme The distrib ution by Sector workers in the sugar sector of the spells 3 7 females.

revealed and consisted of 971 males and 35 females.

that 1,006 or approximately 75% of the spells originated The remaining from 338 or 25% of30I males and which consisted were from workers Table 22 below gives the number of Injury in the other Industries combined Spells by sex and sector.
TABLE 22 NUMBER OF INJURY SPELLS PAID BY SEX AND SECTOR 2017 SUGAR NON-SUGAR BOTH SECTORS DESCRIPTION OF NUMBER % CASES NUMBER OF CASES % NUMBER OF CASES % Males 971 72 301 22 1,272 95 Females Males & Females 1,006 75 338 25 1,344 100 35 3 37 3 72 5 An age analysis shows that 618 or approximately group (16-35) years and 715 or approxima eleven 44% of the spells tely 55% to the age-group the benefit.

over 60 years who also received ( 11) persons pertain to persons in the age­ (36-60) years.
There were The average average age was 38 years.

age of the male recipients was 38 years, and for the females, 39 years.

The overall 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 both males and females was 14 benefit days.

The number of Injury A1111ex.

Spells paid by Benefit Days, Sector and Sex is given in Table S in the The average amount paid as Injury Benefit was approximately $32, 111.00.
A total of 1,407 Claims for [njury represents a decrease 4%.

of approximately Benefit were paid during 2016.

The 2017 total therefore The number of spells Sector and the average paid during duration the period of these spells 2013-2017, the percentage are shown in Table 23 overleaf.
arising from the Sugar 38 Guyana Nalional Insurance Scheme TABLE 23 NUMBER OF INJURY SPELLS PAID, PERCENTAGE ARISING FROM THE SUGAR SECTOR AND AVERAGE DURATION OF SPELLS 2013-2017 DESCRIPTION 2013 2014 2015 2016 2017 Number of Spells 1,588 1,594 1,673 1,407 1,344 Percentage Sugar Sector Arising from 77 77 76 76 75 Average Duration (Benefit Days) 12 12 12 13 14 The Table above shm,vs arising period.
from the Sugar Sector an overall fluctuating and the Average trend in the number of spells duration remained paid, while percentage during the stable relatively INJURY BENEFIT MEDICAL CARE Four hundred recipients and twenty-four claims were 389 or approximately for Injury 92% males and 35 or approximately Care were paid during 8% females.

Benefit Medical 2017.

The by Sector The distribution in the Sugar Sector combined.

and 14 females, females.


A futther shows that 272 or approximately 64% of the claims and 152 or approximately analysis shows that the recipients 36% were from workers from the Sugar Sector were from workers in the other Industries comprised 258 males of 131 males and 21 while those from the other Industries combined consisted This is shown in Table 24 below.

TABLE 24 NUMBER OF INJURY BENEFIT MEDICAL CARE CLAIMS PAID BY SEX AND SECTOR 2017 DESCRIPTION SUGAR NON-SUGAR BOTH SECTORS NO.

PERCENTAGE NO.
PERCENTAGE NO.

PERCENTAGE NO.

PERCENTAGE Males 258 61 131 31 389 92 Females 14 3 21 5 35 8 Males & Females 272 64 152 36 424 100 39 Guyana National Insurance Scheme �·· An age analysis shows that 398 recipients were between the ages of 16 years and 60 years.

The average number of Injury age of both male and female Benefit Medical recipients was 49 years.

Care Claims paid by Age-group, Table T in the Annex shows the Sector and Sex.
care and approximately of the types of care extended, An examination related to In-patient expenditure 44.3% was related 34.8% to workers in the other Industries was related to workers This is shown in Table 25 below.

to workers in the Sugar Sector combined.

in the Sugar Sector and 9.

7% to workers shows that approximately 20.9% to Out-patient 79.1% of the cost was Correspondingly, who received care.

Further, of the total Care, and Care, 11.2% in the other Industries In-Patient for Out-Patient combined.
TABLE 25 INJURY BENEFIT MEDICAL CARE COST BY SECTOR AND TYPE OF CARE (PERCENTAGE-WISE) 2017 TYPE OF CARE SUGAR NON-SUGAR BOTH SECTORS In-Patient 44.3 34.8 79.1 Out-Patient ll.2 9.7 20.9 TOTAL 55.5 44.5 100 analysis of specialist approximately shows that approximately 0.45% was in respect A further and dressing, respect 3.97% for hospitalization.

13.12% was for other expenses, laboratory care, approximately In addition, and x-rays accounted 0.47% was for fees to medical for 8.74% of the total expenses.
l .31 % was for medical approximately 19 .86% of the reimbursements was in respect of drugs of treatment, approximately 50.82% was in examinations 1.26% was for travelling and approximately and subsistence, referees and expenses such as Table 26 overleaf Type of Care given.

shows the percentage distribution of Injury Benefit Medical Care Cost by the 40 Guyana National insurance Scheme TABLE 26 OF INJURY BENEFIT PERCENTAGE DISTRIBUTION COST MEDICAL CARE 2017 DESCl{Jl'TION Hosp.
Medical Specialist Tn�atment Exam Care Drugs & X-RaysMedical Travel.

Dressings & LabsReferees & Sub.

Expenses Misc.

TOTAL Fees for In-Patient 3.97 0.25 43.93 0.44 17.92 3.57 - - 9.02 79.1 Out-Patient 1.06 6.89 0.01 1.94 5.17 0.47 1.26 4.10 20.9 - In and Out Patient 3.97 1.31 50.82 0.45.

19.86 8.74 0.47 1.26 13.12 100 22% had Of the claims paid, 95 or approximately Replacement Expenses while the rerna111111g of income, only.
attached the payment of Injury Benefit - 329 or approximately 84% were for Medical During 2016, 607 claims for injury Benefit Medical therefore of approximately represents a decrease 30%.

Care were paid.

The 2017 total of 424 OVERSEAS MEDICAL CARE One claim from a male insured overseas.

incurred person The total reimbursement was reimbursed amounted to $1,140,725.

for Injury Benefit Medical Care expenses DISABLEMENT PENSION During 2017, there were 9 awards of Disablement Pensions.
The awards were made to males only.

revealed The age distribution (40-44) years, ( 45-49) years, years and (50-54) (30-34) years.

that I pensioner years and (55-59) each was in the age-groups In addition, years.

(25-29) 2 each were in the age -groups (20-24) years, The average age of the recipients was 41 years.

The Sugar Sector for 5 recipients.


accounted for 4 of the recipients, while the other Industries combined accounted by Percentage at 20% disabilities, of Disabil An analysis assessed remaining Table 27. ity shows that 4 or approximately 45% of the pensioners were while 3 or approximately 33% were assessed at 40% disability.

The 2 or approximately 11 % were assessed at 50% and 60% disability.
This is shown in 41 Guyana National lnsurnnce Scheme DISABLEMENT PENSIONS BY PERCENTAGE OF DISABILITY, TABLE 27 SECTOR AND SEX 2017 PERCENTAGE SUGAR NON-SUGAR BOTH SECTORS D[SABILITY MALES FEMALES TOTAL MALES FEMALES TOTAL MALES FEMALES TOTAL OF 15 10 25 30 40 50 60 70 100 - 1 - - 2 - - - - - - - - - - - - - - 2 - - 1 - - - - - 1 - - I I I - - - - - - - - - - - - 1 - - I I I - - - 4 - - 3 I I - - 5 9 - - - - - - - - - - 4 - - 3 I I - - 9 TOTAL 4 - 4 5 The distribution by nature cases resulted from fractures of disability reveals and the remaining that I case resulted 6 cases resulted from other injuries.
from cuts and lacerations, 2 Table 28 overleaf Location of Injury.
gives the number of Disablement Pensions awarded by Nature of Disabil ity and 42 Gu!Jana Naliona.l lnsurnnce Scheme NUMBER OF DISABLEMENT PENSIONS BY NATURE OF DISABILITY TABLE 28 AND LOCATION OF INJURY 2017 NATURE OF DISABILITY Head Trunk Upper Lower Extremities Extremities Eyes Others Fingers Others Legs &Feet TOTAL Injuries Not Specifically Located to any part of the Body Cuts and Lacerations - Fractures - Injury to Eyes - Amputations - Head Injuries - - - - - - and - - Sprains Strains - - - - - - Burns & Scalds - - - I - - - - - - - I - - - - - - I - - - - - Post-traumatic Paralysis limbs and other - parts of the Body of joints, - Other Injuries 2 Dislocations - - - - I - - - - I - - - I - TOTAL 2 0 1 2 1 2 - - - - - - - - I - 1 I 2 - - - - - - 6 - 9 The Table above shows that 3 or approximately ies and 2 or approximately extremit 22% were confined 2 or approximately addition, confined to the trunk and the remaining any part of the body.
34% of the injuries were confined 22% were confined to the lower extremities to the upper (legs and feet).

ln l l % was 1 or approximately to the head, l or approximately to 11 % was not specifically located An analysis (1)resulted (5)cases resulted from other injuries.

by cause of accident revealed against from a person that three (3) cases resulted or coming into contact falling from persons The remaining five with objects.
striking and one 43 Guyana National Jns11ra11ce Scheme The occupational workers, analysis I was a clerical shows that 7 or approximately 78% of the awardees were manual sales worker and 1 was a craftsman/ technica l worker.

The average monthly amount awarded was approximately $20,134.00.

Table U in the Annex gives the number of Disablement Pensions and Total Monthly Amounts.

awarded by Nature of Disability of 6 Disablement Pensions during 2016.
The 2017 total of 9 therefore A total represents an increase of approximately were awarded 50%.

The number of Disablement below.

Pensions awarded over the period 20 I 3 -2017 is shown in Table 29 NUMBER OF DISABLEMENT PENSIONS A WARDED ANNUALLY 2013-2017 TABLE 29 SECTOR 2013 2014 2015 2016 2017 SUGAR 3 -0 7 - 1 NON-SUGAR BOTH SECTORS 12 3 9 ,., _.)

12 5 19 6 4- 5 9 The table shows a fluctuating trend over the period 2013 -2017.

At the beginning of the year, there were at an average rate of $8,833.
monthly 1,092 pensions in payment to 978 males and I 14 females During the year, 9 pensions were due to the death of the recipients Of the remaining 2 cases, I claimant's receipt of Old Age Pension.

were awarded and 21 were terminated.

Of the number terminated, 17 the disability exits.

and 2 were terminated contribution was under investigation no longer and l Claimant was in because At the end of the year, there were 1,080 pensions average rate of $8,983.
monthly in payment to 967 males and 113 females at an Table 30 overleaf shows the movement of Disablement Pensions during 2017 44 Guyana National 117surance Scheme TABLE 30 MOVEMENT OF DISABLEMENT PENSIONS 2017 DESCRIPTION NUMBER AVERAGE NUMBER AVERAGE NUMBER AVERAGE MALES FEMALES TOTAL OF AMOUNT OF AMOUNT OF AMOUNT CASES ($) CASES ($) CASES ($) in payment Pensions at the beginning the year of 978 9,094 114 6,588 1,092 8,833 Pensions during the year.

granted 9 Pensions during the year.


terminated 20 20,134 - - 9 20,134 5,932 l 7,037 21 5,984 in payment Pensions as at December 2017 31, 967 9,269 113 6,584 1,080 8,983 DISABLEMENT GRANT During the year, 27 Disablement awardees Grants were awarded from 23 years to 60 years and their average ranged age was 44 years.

to 26 males and I female.

The ages of the The Sugar Sector Table 31. accounted for 27 or approximately 100% of the recipients.
This is shown in TABLE 31 NUMBER OF DISABLEMENT GRANTS PAID BY SEX AND SECTOR DESCRIPTION 2017 SECTOR BOTH SECTORS SUGAR NON-SUGAR Males 26 Females l Males & Females 27 0 0 0 26 1 27 by Nature of Injury ons, and seven (7) from sprains shows that four (4) awardees from cuts and from amputation and strains.

Fu1ther, three s, each suffered (3) suffered punctured wounds and the remaining twelve (12) cases were from other injuries.

An analysis lacerati one (1) from This is shown in Table 32.
45 Guyana Nntia11a/ lusarance Scheme GI NUMBER OF DISABLEMENT GRANTS PAID BY NATURE OF DISABILITY TABLE 32 AND LOCATION OF INJURY 2017 LOCATION OF INJURY Nature of Disability Head Trunk & Uro-Genital Organs other Upper Extremities Lower General Injury- not located to Extremities any particular Total Legs & part or the Body Eyes Others Fingers Others Feet Cuts & Lacerations - - Dislocations - Fractures - Injury to Eyes - Strains - Sprains & Post-Traumatic Paralysis 6-i m bs or other parts of the Body.
of Joints, Amputation - Burns & Scalds - Punctured Wounds - Other lnj uries - TOTAL - - - - - - - - - - - - - - - I 2 I - - - - - - 2 3 I - - - - I 3 - 3 - - 5 - - - - - 12 3 - - - - - - - I 6 9 - - - - - - - - - - - 4 - - - 7 - 3 - I 12 27 The Table also shows that fifteen twelve (12) of them being confined extremities, of the body.

(legs and feet) while tlu·ee to their fingers.


(3) sustained suffered Further, (15) of the awardees injuries to the upper extremities nine (9) suffered injuries with to the lower injuries to the trunk and other urn-genital organs An analysis persons stepping transport not stated.
flying by cause o f accident revealed and coming into contact object, Further, three (3) each resulted from from One (I) each resulted use of cutlass, handling goods without machinery , means of of use of hand tools and eleven falling, on sharp and other causes.

two (2) were as a result that of the injuries with objects.

sustained, or pointed object, ( 11) were The distribution tluee (3) were assessed 12 persons, ( l)at 11 % disability.
by degree of disability at 5% disability shows that ten ( 10) persons and two (2) were assessed were assessed at 6% disability.

three (3) were assessed at 9% disability, eight (8) were assessed at 10% disabilit at 3% disability, Of the remaining y and one This is shown in Table 33 overleaf.
46 Cuya,w National Insurance Scheme TABLE 33 NUMBER OF DISABLEMENT G RANTS PAID BY PERCENTAGE OF DISABILITY, SEX AND SECTOR 2017 Percentage SUGAR NON-SUGAR BOTH SECTORS of Males Females Total Males Females Total Males Females Total Disability 9 3 2 - - ,., 3 j 10 8 l l l 12 13 - - I 10 - - - 3 - 2 - - - - - - - - - 3 - 8 - l - - - - - - - - - - - - - - - - - - - - - - - - - - - - 9 3 2 - - 3 8 I - - I 10 - - - - - - - 3 2 - - ,., j 8 l - - - - TOTAL 26 1 27 0 0 0 26 1 27 The average amount paid as Disablement Grant was $273,060.00.
Grants During 2016, 26 Disablement of approximately increase 4%.

were awarded.

The 2017 total of 27 therefore an represents Table V in the Annex classifies Amount Paid.

the number of Disablement Grants paid by Age-group, Sex and INDUSTRIAL DEATH PENSION One ( l) Industrial deceased a child of the Death Pensions in her care.

was awarded during 2017.

The Recipient was a widow who had The age of the deceased was 48 years and the age of the widow was 53 years.
The age of the child who was included in the benefit was 9 years.

The death was related to a person outside of the Sugar Sector.

of the nature An examination suffered This is shown in Table 34 overleaf.

of injury as a result from multiple injuries which resulted of striking in the death shows that the deceased had against or coming into contact with objects.
47 n Cnyana NaUonal lnoamm Scheme TABLE34 NUMBER OF INDUSTRIAL DEATHS BY NATURE OF INJURY AND CAUSE OF ACCIDENT 2017 CALISE OF ACCIDENT l'OWER N.-\TLIRE DRIVEN OF ".-\CHIN INJl1RY ERY MEANS OF TRANSPORT .-\CCIDENTS OTIIERWISE HANDLING GOODS OR MEANS OF TRANSPORT C.-\LISED THAN BY MACHINERY.

TOTAi.
TOTAi.

STRIKING PRIME MO\'ER POWER FIRE OR PERSON .-\NIM.-\LS FALLING .-\G.-\INST ELECTRICAL DRIVEN EXPLOSION FALLING OllJECTS OR SI-JOCK OTHER C-\llSES COMING INTO CONTACT WITH OllJECTS Other Injuries (Multiple Injuries) - TOT.-\L - - - - - - - - - - 1 I - - - - I I Table W in the Annex gives a distribution and Condition of Award.

of the industrial Death Pensions by Nature of injury At the beginning 37 parents and 4 orphans.
of the year, there were 270 Industrial Death Pensions in payment to 229 widows, During the year, terminated.

I pension was awarded to a widow at a monthly rate of $69,543.00 and I ,vas At the end of the year therefore, there were 270 Industrial widows, and 4 orphans.

37 parents Death Pensions in payment to 229 The movement of Industrial Death Pensions is shown in Table 35 overleaf.
48 Gnyana National Insurance Scheme MOVEMENT OF INDUSTRIAL DEA TH PENSIONS TABLE 35 2017 DESCRIPTION WIDOWS PARENTS ORPHANS TOTAL NO.

AVERAGE NO.

AVERAGE NO AVERAGE NO.

AMOUNT AMOUNT PAID($) PAfD ($) AMOUNT PAID($) AVERAGE AMOUNT PAID($) Pensions the beginning year in payment of the at 229 16,303 37 9,497 4 4,856 270 15,201 granted during I 69,543 - Pensions the year.

terminated I 12,500 - Pensions during the year.


Alterations - - - - - - - - - - - - l 69,543 1 12,500 - - Pensions at December in payment as 31, 2017 229 16,552 37 9,497 4 4,856 270 15,412 Figure III overleaf shows a comparis on of all benefit payments for the years 2016 and 2017.
49 G\ Guyana Naliona/ Insurance Scheme \.D ,-... .-1 .-1 0 0 N N ■ ■ I l 0 0 0 0 0 0 \.D 0 0 0 o' 0 0 <:::I" 0 0 0 0 0 0 N 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 o' 0 0 0 0 0 0 0 0 0 0 N o' 00 \.D .-1 .-1 .-1 0 0 <:::I" .-1 Guyana National Insurance Scheme MEDICAL ADJUDICATION OF CLAIMS 2,561 were seen at hospitals, 12,955 were seen at their homes and 1,287 were seen by the persons were seen by personnel of the Medical Of this Department.
During 2017, a total of 16,803 total, Medical Advisor of the Organization.

CASES REFERRED TO MEDICAL BOARD (INDUSTRIAL) Medical The lndustrial comprised Board but required follow-up action.

Board dealt with 59 cases during the year under review.
This total 3 7 new cases and 22 review cases, that is, cases that were previously placed the before The results permanent treatment considered claimants, of the determinations revealed l O were referred pa11ial overseas disability, and leave past fit-for-work that 19 persons for further date was accepted treatment, fit-for-work were considered with for of which I was referred 13 were of the for 2 cases.
ln addition due to the absence 11 cases were not processed completely and 4 were returned fit-for-work, to Local Office.

The number of cases placed shown in Table 36 overleaf.
before the Industrial Medical Board during the period 2013 -2017 is 51 G11yr111a Scheme National l11s11ra11ce CASES PLACED BEFORE MEDICAL BOARD (INDUSTRIAL) 2013-2017 TABLE 36 DESCRIPTION 2013 2014 2015 2016 2017 Number of Cases Boarded 77 63 70 79 59 Treatment Medical Recommended 8 Death Benefit Recommended - Cases Awarded Benefit Disablement 23 Leave Past Fit-for-Work 1 Dates accepted Leave Past Fit-for-Work Dates not accepted 1 Medical Treatment Recommended 17 Not 6 - 6 15 10 I - - 24 18 25 19 - - - 2 2 I -, .)
- 20 17 ?..., _.)

13 Off Cases Struck - - - - - Claimants' Absence 27 11 27-1 10 Returned to Local Office - - 6 ..., .)

11 4 Percenta ge Genuine Cases 42 48 36 51 53 The Table above shows an increase Board during 2017. in the number of genuine cases placed before the Medical CASES REFERRED TO MEDICAL BOARD (NON-INDUSTRIAL) During This total the year under review, before 157 new cases and 43 cases that were up for review.

200 Non-Industrial cases were placed comprised the Medical Board.
of the determinations for 18 cases, revealed that 36 persons The results work date was accepted reimbursement persons were reimbursed was recommended for 13 cases, rate.

at the overseas 29 persons were deemed invalids, leave past fit-for­ were referred for further treatment, local advance was granted for 2 cases and 2 52 CZ1!Jana Nalionnl lns11ra11ce Scheme Additionally, were eligible 2 persons claimants' absence 10 were returned interested.
36 cases were disallowed, leave past fit-for-work date was not accepted for IO cases, for permanent employment, and 2 were deferred to Local Office, 2 persons for General 35 cases were not processed assistance.

and 3 persons due to the Of the remaining cases, were no longer Manager's were deceased, MEDICAL TREATMENT ABROAD A total of 31 lnsured reimbursed were given permission expenses to seek medical subject treatment abroad and were of $1,136,600.00.
to a ceiling a maximum of 80% of their medical Persons The distribution of America States and 1 each to lndia, Cuba and Suriname.

by country of treatment reveals that 21 persons went to Trinidad, 7 to the United One of the reasons for Overseas Treatment was injury to both eyes.

VISITS BY NURSES A total of 13,419 visits 2017.

Of this total, were made by Nurses/Sick 13,051 were made to the homes of Insured of the Medical during Persons and 368 to hospitals.
Department Visitors The number of persons pensioners and approximately 10% were claimants seen in homes amounted to 12,955 of which approximately claimants.
or prospective 90% were Table 37 below shows the number of visits 2013-2017. made by the Nurses/Sick Visitors during the period TABLE 37 VISITS MADE BY NURSES/SICK VISITORS 2013-2017 DESCRIPTION 2013 2014 2015 2016 2017 Number of visits 5,763 9,999 13,567 9,746 13,419 The Table above shows an increasing followed by an increase in 2017. trend during the period 2013-2015, with a decrease in 2016 53 Guyalla National illsurance Scheme 1 APPEALS TO TRIBUNAL During 2017, there were 3,099 appeals from 20 l 6.
Ninety-eight (98) appeals were with drawn during the year.

for processing.

Of this total, 2,282 were brought forward Old Age Benefit accounted accounted for 606 or approximatel y 20%.

for 2,237 or approximately 72% of the appeals and Sickness Benefit The Appeals were disallowed appeals.

Tribunal adjudicated and 78 were adjourned.


on 186 of the appeals Further, the General submitted, of which 4 7 were allowed, 61 987 and allowed Manager reviewed At the end of the year therefore, there were 2,004 appeals outstanding.

ESTABLISHMENT AND ORGANISATION STAFFING At the beginning permanent and 64 temporary employees.
of the year, the 0l'ganizat-ion had m its employ 633 Staff eonsist-ing 0f 569 During the year, 25 persons comprising There were 42 exits consisting In addition, temporary of 27 persons 31 temporary category.

2 permanent and 23 temporary from the permanent employees category and 15 from the were recruited.

employees were appointed to permanent positions.

A breakdown resigned, of the exits from the permanent terminated, 7 had their services 11 retired, 7 were dismissed.
and temporary categories show that 17 persons had At the end of the year, there were 617 employees on roll, of which 572 were permanent were temporary.

and 45 TRAINING AND PUBLIC RELATIONS During 2017, 54 training were generally programmes programmes directed were mounted for employees and improving of the Scheme.

The organizational at maintaining efficiency.

Of the 54 training agencies programmes within the country.
This resulted through and l 00 employee-exposures programmes, 45 were internal and 9 were external training in 707 employee-exposures by conducted internal through courses external programmes conducted locally.

s comprised training sessions in areas such as Human Resource The internal programme Management, S.E.R.E Health, Orientation/ for Internal induction, Auditors Financial among others.
Mathematics, Statistics and Probability, Data Verification, Electronic Internal Audit, Training, Laws of Guyana Chapter and Occupational Safety Benefits, Excel 36:0 I and Microsoft Short Term Injury Schedule Operations, 54 Cuuana National Insurance Scheme The external Supervisory in the workplace Informal programmes Management, for Drivers Economy Library which were conducted Management, Officers, locally Occupational Consumer offered tra111111g Health Affairs, Counterfeit and Security in areas such as Detection, the and Safety, Professionalism and Labour Market Indicators among others.
55 1 Guyana Nalio11al Scheme Insurance Part 2 INCOME AND EXPENDITURE INCOME received Income amount was made up as follows: from all sources during 2017 amounted to approximately $21.087B.
This INCOME CONTRIBUTIONS INVESTMENT OTHER INCOME GAIN ON REVALUATION OF INVESTMENT PROPERTY G$000 19,929,246 1,055,389 63,021 39 064 21.086.720 The income was distriouted among the three (3) Benefit Branches as follows: DESCRIPTION LONGTERM SHORT TERM INDUSTRIAL TOTAL Contributions 13,791,038 3,647,052 2,491,156 19,929,246 Investment Income 786,053 102,479 I 66,857 1,055,389 Other Income 21,007 21,007 21,007 63,021 Gain on Revaluation of Investment Property 29,095 3,793 6,176 39,064 TOTAL 14,627,193 3,774,331 2,685,196 21,086,720 *Figures in G$000 During 2016, the total income received therefore, represents an increase of approximately 8%.
was approximately $19.575B.

The mcome for 2017 The income received during 2016 and 2017 is compared overleaf.

56 Guya11a Nalio11nl Insurance Scheme DESCRIPTION YEAR PERCENTAGE INCREASE 2016 2017 Contributi ons 18,211,461 19,929,246 9% Investment Income 1,271,540 1,055,389 (17) G ain on Disposal Investment of 57,143 63,021 10% Other Income 35,206 39,064 11% TOTAL 19,575,351 21,086,720 8% Figures in G$000 EXPENDITURE Total Expenditure approxim Administrative ately $19.792B Expenses.
during 2017 amounted was expended to approximately $21.928B.

Of this amount, $2.022B and approximately on on Benefit Payments of the Benefit Payments 91 % of the total Benefit An analysis approximately $15.592B.

The Short Term Branch accounted Industrial Benefit Branch accounted Benefit Payments.
shows that the Long Term Branch accounted for$ l 8.086B or Expenditure, with Old Age Benefit accounting for for $1.458B or approximately on I% of the amount expended 8%, while the for $249M or approximately The Table overleaf shows the distribution of Benefit Expenditure among the three (3) Branches.
57 1 Guyana National Jnsurance Scheme BENEFIT AMOUNTS BRANCH ($000) BENEFIT TOTAL EXPENDITURE EXPENDITURE LONGTERM 18,085,726 91 SHORT TERM l,457,856 8 INDUSTRfAL 248,822 l 82 7 1 TOTAL 19,792,404 100 90 The Table also shows that the Long Term Benefit Branch account total Expenditure, approximately l %.

the Short Term Branch approximately ed for approximately 7% and the lndustrial Branch 82% of the The amounts expended on Benefits during 20 l 6 and 20 17 are co111_2ared in the Table below.
BENEFIT BRANCH AMOUNT E XPENDED DURING PERCENTAGE 2016 2017 INCREASE LONGTERM 16,083,8 53 6 18,085,72 12 SHORT TERM 1,475,061 l ,457,856 lNDUSTRfAL 260,058 248,822 TOTAL Figures in G$000 17,818,972.00 19,792, 404.00 (I) (4) 11 The table above shows an increase years 2016 and 2017. of approximately 11 % in total Benefit Payments between the Administrative approximately Expenses amounted 9% over the 2016 total to approximately of approximately $2.022B.

$1.863B.
$1.863B.

This represents an 111crease of 58 Guyana Naliona/ Insurance Scheme NATIONAL INSURANCE FUND of the year, the National while expenses 21.087B, Insurance amounted to $21.928B.

income received during realized a The Fund therefore Fund was $32.494B.

of $842M.

However, when other comprehensive income of $230M was included, a deficit which when subtracted from the Fund at the beginning of the year, amounted At the begin11ing the year totaled deficit of $612M resulted, to $31.882B.
The Fund as at 20 l 7-12-3 l was represented as follows: - Fixed Assets valued at 2,742,417 at investments valued 28,322,259 G$000 Net current assets valued at 817,418 Deferred receivable (interest) National insurance Fund 31,882,094 59 Figure IV Income & Expepditure 2017 � \s::: i:i ;:s i:i � 5· ;:s e.. Income Investment _Other Income 0.1 B en 0 Expenditure f dministrative !Expenses 2.0 B (/) ;3' � i:l ;:s r:, (\) w � ;3 (\) 19.9 B Benefit .___ E xpenditur 19.8 B Guuana National Insurance Scheme INDEPENDENT AUDITOR'S REPORT TO THE MINISTER OF FINANCE THROUGH THE BOARD OF DIRECTORS OF NATIONAL INSURANCE SCHEME ON THE FINANCIAL STATEMENTS (EXPRESSED IN THOUSANDS OF GUY ANA DOLLARS) FOR THE YEAR ENDED 31 DECEMBER 2017 Statements the financial Report on the Audit of Financial Qualified opinion We have audited position of financial income, comprehensive ended, and notes to the financial on pages 2 to 36. as at 31 December statement statements of the National Insurance 2017, and the statement of changes statements, including a summary in reserves and statement Scheme, which comprise of income and expenditure of cash flows for the year then set out policies accounting the statement and other of significant for the effects except In our opinion, accompanying financial Scheme as at 31 December in accordance of the matter fairly, present 2017, and of its financial Reporting stated in all material performance Standards.
with International statements Financial in the basis for qualified opinion the financial paragraphs, the of the position respects, and its cash flows for the year then ended opinion Basis for qualified Included a company no interest investment G$426,483 this investment valuation with very weak financial has been received impaired.

includes G$ l 80,000 No provision in investments ofG$28,322,259 is Subordinated Loan Stock ofG$500,000.

performance from this investment and a substan since 2015.
In view of the foregoing, tial deficit of assets is in This investment over liabilities.

Also, this we consider for impairment on these Subordinated was made.

Also, accrued Loan Stock.

No income should be recognized income of investment on on the an opinion since it is impaired.

Due to the foregoing we are unable to express investment and the accrued ofthe Subordinated Loan StockofG$500,000 income ofG$180,000.
section Standards We conducted under those standards Statements Ethics with the ethical together and we have fulfilled Code.

We believe for our qualified opinion.

our audit in accordance are further of our repott.

with International in the Auditor's described We are independent Code of Ethics Board for Accountants' Standards on Auditing (ISAs).
Our responsibi I ities Responsibilities for the Audit of the Financial of the Scheme in accordance for Professional Accountants (IESBA Code) with the International requirements our other ethical that the audit evidence that are relevant to our audit of the financial in accordance responsibilities statements with these requirements to provide and appropriate we have obtained is sufficient and the IESBA in Guyana, a basis of Matter Emphasis further Without statements, qualifying the Actuaries our opinion, several reported we wish to emphasise that as stated in Note 22 of the financial matters of concern among which were that the present value of 61 G Guyana NaUona/ lusamnce Scheme 2012-2041 amounted to approximately in al I years and reserves are expected to be exhausted G$340,100,000 and also that in 2021.
The Actuaries ofthe fund over the period sho1tfall cash flow deficits will continue have made certain responsible for the opinion financial the completene recommendations valuation on the Scheme's ss or accuracy to ensure the future viability of the Scheme in order to determine statements, we were not required of the Scheme.

funding The Scheme's is requirements.


When forming our an opinion as to s. by the Scheme's Actuarie and did not express Actuary of the long term liabilities as this is determined ble for the other information.

The other information comprises all the information and our auditor's in the Scheme's 20 I 7 annual report, the financial statements Our opinion on the financial does not cover the other information and we do not but does not include statements in the annual report thereon.
is responsi Other Information Management included report express any form of assurance our responsibility is materially appears material report therein, inconsistent in this regard.

is to read the other information conclusion thereon.

In connection and, in doing so, consider or our knowledge with our audit of the financial whether obtained statements, the other information in the audit or otherwise with the financial statements to be materially misstated.
misstatement If, based on the work we have performed, we are required of this other information; When we read the Annual repo1t, we are required to communicate the matter to those charged if we conclude to report with governance.

we conclude that there is a material that there is a to misstatement that fact.
We have nothing with Governance of Those Charged s/Management Responsibilities The Director staJe111eJ management material overseeing the financial is responsible with International is necessary whether due repo1ting 11s in accordance determines misstatement, to enable to fraud or error.

process.
process.

for the Financial for the preparation Financial Reporting the preparation and fair presentation Sta1K!ard �_gnd for such int�nal of financial statements The Directors/Management for Statements that are free from is responsible of these financial control as .. for the audit of the Financial Auditor's responsibilities ln preparing the financial ability accounting realistic to continue as going concern, the Directors but to do so.
disclosing, intend unless alternative statements, the Directo either is responsible rs/Management as applicable , matters the Scheme for assessing to going concern basis of or to cease operations, related to liquidate or have no the Scheme's Statements that opinion.
of our audit are to obtain reasonable misstatement, whether The objectives whole are free from material that includes audit conducted in accordance with ISAs will always detect Misstatements they could reasonably be expected to influence financial can arise from fraud or error and are considered Reasonable the economic statements.

assurance due to fraud or error, about whether the financial statements repo1t as a and to issue an Auditor's but is not a guarantee that an misstatement when it exists.
or in the aggregate, material decisions if, individually of users taken on the basis of these a material assurance is a high level of assurance, As part of an audit in accordance scepticism throughout the planning with ISAs, we exercise and performance of the audit.
We also; professional judgement and maintain professional • Identify and assess the risks of material misstatement audit procedures and appropriate to provide design and perform that is sufficient fraud or error, evidence detecting a material as fraud may involve collusion, of internal controls; misstatement resultin forgery, g from fraud is higher intentional omission, of the financial responsive statements, whether due to audit to those risks, a basis for our opinion.
and obtain The risk of not than for one resulting or the override misrepresent ations, from error, 62 Guyana National Insurance Scheme • Obtain an understanding of internal control in the circumstances, relevant but not for the purpose to the audit in order to design audit procedures on the an opinion of expressing that are appropriate effectiven ess of the entity's internal controls; • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting related estimates and disclosures made by management; • Conclude on obtained, the appropriateness of the Directors' whether use of the going concern basis of accounting a material and, to events or doubt on the Scheme's that may cast significant uncertainty based on the audit evidence ability conditions we are required If we conclude that a material report statements to modify our opinion.
Our conclusions are based on the audit evidence our Auditor's or conditions events continue as a going concern.

in our auditor's are inadequate, up to the date of obtained may cause the Scheme to cease to to draw attention or, if such disclosures report.
as a going concern; However, and in the Financial unce1tainty disclosures exists related to the related to continue exists, future Auditor's responsibilities for the audit of the Financial Statements -cont'd • Evaluate the overall presentation, structure and content disclosures, in a manner that achieves the financial fair presentation.
statements and whether of the financial represent the the statements, including and events transactions underlying We are required planned in internal governance independe thought to communicate with those charged with governance regarding, scope and timing including of the audit and significant audit findings, We also are required to provide control that we identify with a statement during our audit.
that we have complied with relevant among other matters, deficiencies any significant the those charged with requirements regarding that may reasonably be ethical and other matters safeguards.

nce, and to communicate with them all relationships to bear on our independence, and where applicable, related Report on Other Legal and Regulatory Requirements The financial 24 of the Financial Statements.

statements did not comply with Section 36 ( 1) (a) of the National Insurance Act.
Refer to note TSO LAL &CO. Chartered Accountants Date: April 08, 2019 77 Brickdam, Stabroek, Georgetown.

Guyana.
63 n Guyana Nab,nal lnsumuce Scheme NATIONAL INSURANCE SCHEME STATEMENT OF INCOME AND EXPENDITURE AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2017 Income Notes Pensions benefits benefits Total 0$000 G$000 G$000 G$000 ShorHenn Industrial 2017 2016 Total G$000 ions Contribut lnvestmenl Other income Gain on revalua income tion of investment property 7 5(a) S(b) 13,791,038 3,647,052 2,491,156 I 9,929,246 786,053 102,479 166,857 l.055,389 21,007 21,007 29,095 3,793 6,176 39,064 21,007 63,021 18,211,461 1,271,540 57,143 35,206 14,627,193 3, 774,33 l 2,685,196 21,086,720 I 9,575,35 I Total income Expenditure benefit benefit pension Old age benefit Old age grant Su1vivor's Invalidity Invalidity grant Funeral Sickness benefit Maternity benefit Medical care sickness Disablement benefit Death benefit Employment Medical care -inju1y benefit injury 15,591,878 11,292 2,207,248 225,391 49,917 15,591,878 11,292 2,207,248 225,391 I 3,719,250 104,226 1,983,894 223,150 304- 53,029 343,246 422,413 709,402 130,315 60,490 48,537 20,716 17,818,972 337,138 418,484 702,234 49,917 337,138 418,484 702,234 130,087 130,087 53,646 53,646 42,018 42,018 23,071 23,071 18,085,726 1,457,856 248,822 19,792,404 Impairment ofaecrued investment income 79,800 22,800 11,400 114,000 79,800 22,800 11,400 114,000 114,000 I 14,000 expenses Administrative 5(c) l ,415,358 404,388 202,194 2,021,940 1,862,630 Total expenditure 19,580,884 1,885,044 462,416 21,928,344 19,795,602 Excess/(dcficit) of income over expenditure (4,953,691) 1,889,287
 2,222,780 (841,624) (220,251) "The accompanying notes Iorm an integral part of these financial statements".
64 G21ya11a National Insurance Scheme NATIONAL INSURANCE SCHEME STATEMENT OF lNCOME AND EXPENDITURE AND OTHER COMPREHENSIVE INCOME -CONT'D FOR THE YEAR ENDED 31 DECEMBER 2017 2017 G$000 2016 G$000 Deficit of income over expenditure (841 , 6 24) ---'(�22_0-'-,2_5 1_,__) Other comprehensive income Item that may be reclassified subsequently to profit or loss: Gain arising on revaluation of available for sale financial assets 12 229,773 43,619 Other comprehensive income for the year 229,773 43,619 Total comprehensive loss for the year (611,851) (176,632) ========= ''The accompanying notes form an integral part of these financial statements".
65 n Guyana NaUana/ lnsamnce Scheme NATIONAL INSURANCE SCHEME STATEMENT OF CHANGES IN RESERVES FOR THE YEAR ENDED 31 DECEMBER 2017 Short term Pension reserve 0$ 000 reserve 0$ 000 Industrial rese1ve 0$ 000 rese1ve G$ 000 rese1ve 0$ 000 Total 0$ 000 Fixed assets revaluation Investment revaluation Balance at 31 December 2015 Changes in reserves 2016 2,198,522 9,322,888 17,468,499 786,255 2,894,413 32,670,577 Total comprehensive income/(loss) for the year (3,872,852) 1,608,244 2,044,357 43,619 (176,632) Balance 2016 at 31 December Changes in reserves 2017 (I ,674,330) 10,931,132 I 9,512,856 786,255 2,938,032 32,493,945 - - - ---- - - -- --- -- -- f Total comprehensive income/(loss) for the year I) (4,953,69 1,889,287 2,222,780 229,773 (611,851) Balance at 31 December 2017 (6,628,021) 12,820,419 21,735,636 786,255 3,167,805 31,882,094 "The accompaning notes form an integral part of these financial statements" 66 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2017 ASSETS Fixed assets Investment properties Investments Treasury Others bills Current assets Stores Accrued investment Sundry receivables Cash at bank Cash on hand income and prepayment 2017 G$000 2016 G$000 I, 174,576 I, 141,432 1,567,841 1,528,777 4,620,641 23,701,618 6,208,532 23,228,942 28,322,259 29,437,474 6 7 8 8 9 IO(a) IO(b) 11,935 426,483 1,037,296 92,082 59,122 13,462 575,826 753,181 I 87,618 64,322 1,626,918 1,594,409 TOTAL ASSETS 32,691,594 33,702,092 EQUITY AND
 LIABILITIES Equity -�·; Reserves Pension reserve Short term reserve Industrial reserve Fixed assets revaluation Investment revaluation reserve reserve 11 (a) I I (b) I I (c) I I (d) 12 (6,628,021) 12,820,419 2 I ,735,636 786,255 3,167,805 (1,674,330) 10,931,132 19,512,856 786,255 2,938,032 31,882,094 32,493,945 Liabilities Current liabilities Unpaid benefits Sundry payables and accruals Bank overdraft 13 14 514,300 295,200 537,582 177,06S 493,500 TOTAL EQUITY AND LIABILITIES 32,691,594 33,702,092 809,500 1,208,147 These financial statements were approved by the Board of Director s on D$:.
-�- .. ::1.> _L 4 On behalf of the Board: L .. Director "The accompanying notes form an integral part of these financial statements"_ 67 Guyana National Insurance Scheme NATIONAL INSURANCE SCIIEME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2017 Operating activities Deficit or income over cxpcnditun: to fixed assets f-inancc cost Depreciation Adjustment Foreign exchange (gain)/loss (Gain)/loss Gain on n.:valt1al10n Operating cash0ow on disposal of fixed assets ofinvcslmcnt property before changes in working capital capital Changes Decrease (fncreasc Decrease lncrcase/(d Increase in working in stores )/dccrcasc in accrued in sundry ccrcasc) receivables in unpaid benefits payables in sund,y and accruals investment income and prepayment 5 (c) 5 (c) 6 5 (b) 6 (b) 7 2017 2016 GSOOO GSOOO (841,624) (220,251) 6,289 6-l.
I (1 I 60 6,764 (36) (39,06-1) (803,450) 4.715 56,3-19 2 (2,386) (2,982) (35,206) ( I 99,759) 1,527 149,343 (284,1 I 5) (23,282) 118,135 4.317 (94,636) (76,892) 36,832 6,394 Nc1 cash used in operating activities (841,842) (323,744 ) Financingj!_ctivitics Finance cost Investing activities Purchase Proceeds Increase Proceeds of fixed assets from sale of fixed assc.
:ts in fixed deposits from sale/maturity oflixed and sccuri1ics deposits 5 (c) (6,289) (4,715) 6 6 (b) See below (101,948) 4,619 ( 12.239.976) ( I 09,056) 3,514 (8,983,722) and securities See below 13,578,200 8,676,351 Net cash provided by/(uscd in) investing activitic, 1,240,895 (412,913) Net increase/ (decrease) in cash and cash equivale nts 392,764 (741,372) Cash and cash equivalents at beginning of period (241,560) -199,812 Cash and cash equivalents at end of period 151,204 (241,560) Cash and cash equivalents al the year end consist of: Cash al bank Cash on hand Bank ovcrdrart 92,082 59,122 187,618 64.322 (493,500) 151,204 (241,560) lncrcas...: deposits in fixed deposits consist of: and securilics �md proceeds fi·om sale/mat urity of fixed deposits llills Fixc<l Treasury Others Foreign exchange adjustment in 2017 in Decrease Incn:asc securities sccuritil!s GSOOO G$000 6,018,522 .l,417,735 6,124,826 7.712,716 2016 Increase in Dccn:asc securities in sccuri1ics GSOOO GSOOO 816,838 1,730,023 7,985,487 6.487,-193 I 81.397 456.4-19 89,86-1 2.447,749 6.764 2.386 12,239,976 13,578,200 8,983,721 8,676,35 I "The accompanying notes fonn an integral part of these financial statements" 68 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS I. Incorporation and activities The National Insurance Scheme came into existence by an Act of Parliament in September 1969.
The purpose pensionary maternity of this Scheme is to establish payments and funeral by way of old age benefits, benefits.

a system of National invalidity Insurance benefits, and Social survivor's Security benefits, providing sickness, Number of employees -the average number of employees of the Scheme was 746(2016 -571 ).

Number of contributors The average number of contributors to the Scheme was: Self employed Employed 7,957 8,156 1 66,099 181 ,4 01 2017 2.
New and amended standards and interpretations Amendments effective for the current year end for annual beginning Effective periods on or after New and Amended Standards !AS 12 Income taxes IAS 7 Disclosure initiative I January20l7 I January 2017 IAS 12: Income Taxes The amendments 2017 with earlier January tax assets deferred statements but also clarify The amendments that: to !AS 12: Income Taxes are to be applied application permitt losses for unrealized related ed.
The amendments to debt instruments were issued measured retrospectively and are effective from l recognition of to clarify at fair value in the financial at cost for tax purpose which can give rise to deductible temporary differences.
The carrying when comparing profits exclude differences; amount of an asset does not limit the estimation deductible tax deductions temporary resulting from the reversal differences with future of probable taxable of those deductible profits; the future future profits, taxable temporary and that; initiative IAS 7 Disclosure The amendments disclosures require entities liabilit cashflows.
about changes to provide ies arising to !AS 7 Statement in an entity's disclosures of Cash Flows respond arising liabilities that enable users including for improved The amendments changes in both changes arising and non­ requests activities.

to evaluate from cashflows to investors' from financing of financial statements from financial activities, 69 Guyana Nalional Insurance Scheme ·� NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 2.
New and amended standards and interpretations -cont'd Pronouncements effective in future period for early adoption contracts: of investment New and Amended Standards IAS 40 Transfers propert y IFRS 2 Share based Payment: based transactions IFRS 4 Insurance with '"IFRS 4 '"Insur IFRS 9 Financial IFRS 9 Additions IFRS 15 Revenue Annual improveme IFRS 16 Leases IFRS 17 lnsurance ance Contracts Instruments: for Financial from Contracts nts to IFRS 2014-20 I 6 contracts Applying " Classification and measurement of share IFRS 9 '· financial Instrument ..
Classification Liability Accounting and Measurement With Customers I January20l8 I January20l8 I January 2018 I January 2018 1 January20l8 l January 2018 I January 2018 I January 2019 I .January 2021 The Scheme has not QJ?ted for early adoption.

The standards policies when adopted are explained below.
and amendments that are expected to have a material impact on the Scheme's accounting of investment property to !AS 40 Investment IAS 40 Transfers The amendments or from investment when and only when there is evidence occurs if prope1ty meets or ceases to meet the definition management's does not intentions for the use of a property an entity shall transfer to of a change in use.

A change in use A change in of a change in use.

of investment constitute amend the state that property.
a property evidence property prope1ty by itself based payment IFRS 2-Share The amendment based payment (a) Accounting to IFRS 2-Share Based Payment the classification and measurement of share­ transactions.
The amendments clarifies are as follows:- for cash-settled share-based payment transactions that include a performance condition; (b) Classification ( c) Accounting of share-based payment for modifications transactions payment of share-based settlement transactions features; from cash-settled to equity- with net settled; IFRS 4-Insurance The amendment of IFRS 4: contracts to IFRS 4 provides two options for entities that issue insura nce contracts within the scope (a) an option that permits entities some of the income or expenses to reclassify arising , from profit from designated or loss to other comprehensive financial assets; income, (b) an optional temporary exemption from applying IFRS 9 for entities whose predominant activity is issuing contracts within the scope oflFRS 4; 70 Guyana National Insuranc e Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 2.New and amended standards and interpretations -cont'd instruments IFRS 9-Financial IFRS 9 is effective Early adoption I.the presentation for aimual must apply all of the requirements periods beginning I January on or after in I FRS 9 at the same time, except 2018 with earlier application permitted.
liabilities designated in IFRS 9; and the other requirements of fair value gains and losses attributable for which an entity as at FVTPL, the requirements to changes for those relating to: risk of financial applying may early apply without in the credit 2.hedge accounting, of IAS 39 instead for which an entity of the requirements specific may choose to continue of IFRS 9. provisions assets; for: transitional and measurement contains The standard i)classification ii)impairment of financial iii)hedge accounting.
of financial assets; and to apply the hedge accounting requirements From Contracts With Customers how to: to clarify amendment IFRS 15: Revenue This standard provides • Identify • Determine • Determine recognized the contract whether whether with the customer an entity the revenue in time or over time.
at a point is a principal or an agent from granting a licence to an entity's intellectual property should be In addition an entity when it first applies the amendments IFRS 15 to clarifications, include two additional reliefs to reduce cost and complexity for IFRS l6: Leases how an lFRS reporter IFRS 16 specifies lessee provides unless leases predecessor, the lease term is 12 months or less or the underlying to lessor as operating !AS I 7. will recognise, requiring lessees accounting model, with IFRS l6's approach or finance, a single measure, present and disclose to recognise assets leases.
and liabilities Lessors The standard for all leases to classify continue unchanged accounting substantially from its asset has a low value.

liabilities insurance IFRS 1 7 Insurance IFRS 17 requires uniform measurement to achieve IFRS 4 Insurance the goal of a consistent, as of 1 January Contracts 2021. liabilities and presentation to be measured approach at a current for all insurance accounting contracts.

for insurance fulfillment value and provides These requirements a more are designed contracts.
IFRS I 7 supersedes principle-based Annual improvements The aimual improvements standards.
The following 2014-2016 to IFRS Standards 2014-20 addressed tlu·ee I 6 cycle contains by these amendments: shows the topics amendments related to tlu·ee Standard IFRS I -First time adoption to IFRS IFRS 12-Disclosure of interest in other entities exemptions amendment of short-term Subject of Deletion for first time adopters Clarification Standard Measuring Venture of the scope of the at fair value !AS 28-lnvestments in Associates and Joint Ventures an associate or Joint 71 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 2.
New and amended standards and interpretations -cont'd New and revised interpretations Available for early adoption IFRIC 22 Foreign and Advance IFRlC 23 Uncertainty Currency ion Considerat Transactions over Income Tax treatments Effective periods on or after for annual beginning I January 20 I 8 I January 2019 IFRIC 22 Foreign Currency Consideration There is consideration The entity recognizes consideration, in advance The prepayment Transactions and ed or priced asset or a deferred that is denominat a prepayment Advance in a foreign currency; income liability of the related asset, expense or income; and in respect of that asset or deferred of the recognition income liability is non-monetary The interpretatio n committee came to the following conclusion: , fortl�pCTtJJos Tile date of the transillion e of deteT111i11ing theexctrm1ge rate;is the date of initial recognition of the non-monetary prepayment asset or deferred income liability.
If there are multiple payments or receipts in advance, a date of transaction is established for each payment or receipt.
IFRlC 23 Uncertainty over Income Tax Treatment The interpretation unused tax credits specifically addresses and tax rates, considers: the determination when there profit (tax loss), over income tax treatments tax bases, is uncertainty of taxable under !AS 12. lt unused tax losses, tax treatment Whether Assumptions for taxation The determination tax rates; The effect of changes should be considered collectively; authorit ies' examinations; of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and in facts and circumstances.
72 Guyana Nalional Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 3.

Summary of significant accounting policies (a) Accounting convention The financial the revaluation Reporting Standards.

statements have been prepared under the of land and buildings and investments historical and conform with Internat as modified ional Financial cost convention for (b) Revenue recognition ( l ) Contributions Employers' and employees' contributions and other income are recognized on a cash basis.
Contributions employed persons represent income from employed persons at a rate of 14% (2016 -14%) and self­ at a rate of 12.5% (2016-12.5%) based on the Scheme's insurable earnings.
The total received contributions were allocated in 20 I 7 and 20 I 6 as follows:- i) Pensions ii) Short term benefits iii)Industrial benefits (2) Investment income: 69.2% 18.3% 12.5% The total annual branches as follows:- income from investments was distributed in 2017 and 2016 among the benefit i) ii) iii) Pensions Short tenn benefits Industrial benefits 74.48% 9.71% 15.81% (3) Other income: All other income among the three branches to the fund which ca1mot in equal parts.
be identified with any specific branch is distributed ( c) Expenditure Benefits: These include benefits paid for the year as well as claims processed and admitted at 31 December.

73 Guyana National Jnsumnce Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 3.
Summary of significant accounting policies -cont'd ( c) Expenditure - cont'd Administrative expenditure: Administrative branches expenditure based on actuarial of the fund was distributed recommendation as follows:- m 2017 and 2016 among the benefit i) ii) iii) Pensions Short term benefits Industrial benefits 70% 20% 10% (cl) Fixed assets Land and buildings in the statement fair value at the date of revaluation held for use in the supply of financial position at their revalued of services or for administrative purposes are stated the are taken as amounts amounts.
less any subsequent impairment Revalued losses.

Any revaluation increase assets reserve.

Depreciation on revalued and expenditure and other comprehensive on the revaluation assets of such land and buildings is credited to fixed to the statement of income revaluation is charged arising income.
Depreciation charged so as to using the straight write off the cost or valuation line method at the rates specified below: on buildings, computer equipment, telephone equipment is of fixed assets over their estimated useful and motor vehicles lives, Buildings Computer Telephone Motor vehicles equipment equipment 2% 25% 25% 25% Land is not depreciated.
Depreciation of other fixed assets is charged so as to reduce the reducing balance method at the rates specified below: the asset to its residual value using Furniture Office equipment and fittings 10% 10% -25% A full year's depreciation the year of disposal.

is charged in the year of acquisition and no depreciation in is charged 74 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 3.

Summary of significant accounting policies -cont'd ( e) Stores Stationery out method.
and stores are valued at the lower of cost and net realizable value using the first-in-first (f) Foreign currencies other than Guyana dollars reporting are retranslated are recorded date, monetary at the rate of exchange assets at the date of the transaction.
At each in foreign in currencies currencies and liabilities Transactions prevailing are denominated assets Non-monetary at the rate prevailing are translated on retranslation arising losses income for the period, comprehensive where the changes assets reserves.

and liabilities, at the repo11ing carried at fair value that are denominated in foreign currencies at the date when the fair value was determined.
Gains and of income and expenditure and other on non-monetary arising differences in the statement are included except in fair value are recognized in the statement for exchange of changes in at the rate of exchange and liabilities that date.

(g) Financial instruments assets Financial of the instruments.

provisions and liabilities are recognized when the Scheme becomes a party to the contractual Investments Investments Repo11ing Standards.
are recognized 111 the financial statements to comply with International Financial The Scheme's "investments held to maturity" have been classified and "loans and receivables".

investments as "available for sale financial assets", "Available subsequent for sale" investments periods.

are initially recognised at cost and adjusted to fair value at Gains or losses income and disposed.
on "available for sale financial assets" expenditure and other comprehensive are recognised through the statement income until the asset is sold or otherwise of ments held to maturity" "Invest or loss on these investments comprehensive is recognised income when the asset is derecognised and receivables" in the statement are carried of income and expenditure and other at am011ised or impaired.

and "loans cost.
and "loans cost.

Any gain 75 Cu_yana National Scheme lns11ra11ce � ' �- - - - �------- NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 3.

Summary of significant accounting policies-cont'd (g) Financial -cont'd instruments Sundry receivables and accrued investment income for estimated Sundry receivables allowances expenditure and impaired.

The allowance the receivables.

and accrued investment income are measured at amortised cost.
Appropriate are recognised unrecoverable amounts other comprehensive income when there is objective recognised is based on management's evaluation in statement evidence of income and that the asset is of the collectibili ty of Cash and cash equivalents Cash and cash equivalents rather than investment or other purposes.

are held for the purpose of meeting short-term cash commitments These are readily or less.

convertible to a known amount of cash, with maturity dates of three (3) months Sundry payables.
accruals and unpaid benefits Sundry payables, accruals and unpaid benefits are measured cost.

at amortised (h) Reserves The Scheme provides Industrial.

for the payment of benefits in three categories: Pension, Short-term and Pension benefits payment payment comprises of benefit sickness, comprises comprises maternity, iqjury, of benefits funeral, disablement child care and constant and death.

attendance.

Industrial old age, invalidity and survivors'.


Short-term payment of Pension National Reserve, Insurance Short-term Reserve Act.

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

to settle De-recognition Provisions will be required of provisions are de-recognized to settle the obligation.
when it is no longer probable that an outflow of economic resources 76 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 3.

Summary of significant accounting policies -cont'd U) Investment prope1ty prope,ty Investment using the revaluation value of investment comprehensive is held to earn rental and/or method at the rep01ting property income for the period are included for capital date.
Gains or losses and is stated appreciation arising at fair value in the fair and other of income and expenditure from changes in the statement in which they arise.

(k) Derecognitation of financial assets a financial the financial rights asset only when the contractual asset and subsequently all risk and rewards to cash flows from the of ownership or it transfers entity.
The Scheme derecognizes asset expire; of the asset to another and rewards retained Scheme retains the Scheme continues borrowing for the proceeds of ownership interest to recognize received.

If the Scheme neither transfer and continues in the asset and an associated all the risks and rewards substantially to control liability the transferred for amounts of ownership asset and also recognizes the financial nor retains asset, substantially all the risk the Scheme recognizes its it may have to pay.
If the a collateralized of a transferred financial asset, 4.

Critical accounting judgements and key sources of estimation uncertainty of the Scheme's to make judgements, that are not readily In the application required liabilities based on historical experience differ from these estimates.

accounting policies, and assumptions from other sources.
and other factors estimates apparent which are described about the carrying amounts in note 3, the Directors are and and associated assumptions are may Actual results of assets The estimates that are considered to be relevant.

are recognized and underlying assumptions in the period of the revision are reviewed in which the estimate and future on an ongoing is revised if the revision basis.
if the revision affects both current to accounting affects only that and future Revisions periods or in the period The estimates estimates period, periods.
of estimation uncertainty Key sources The following unce1tainty caffying amounts at the reporting of assets are the key assumptions concerning the future, and other key sources of estimation date, that have a significant risk of causing a material adjustment to the and liabilities in the financial statements: i) Sundry receivables On a regular impairment.
are taken in management Based on information determining appr investment income reviews available provisions and accrued opriate basis, sundry receivables as to the likely impairment and accrued in cash flows, decisions income to assess to be made for impairment.

77 G Cuyanu National ln,amncc SchCTUe NATIONAL [NS URAN CE SCHEME 4.
Critical accounting judgements and key sources of estimation uncertainty -cont'd NOTES ON THE ACCOUNTS Key sources of estimation -cont'd uncertainty ii) Other financial assets In determining the Directors the fair value of investments the likelihood estimate of impairment and other financial assets in the absence cash flows.

by using discounted of a market, iii) Useful lives of fixed assets Management reviews to determine whether the estimated the useful useful lives of fixed assets should remain the same.
lives of fixed assets period at the end of each reporting iv) Impairment of financial assets makes judgement assets Management impaired.

amount and there is objecti valueoftlrefnnrre cash fluws.

Financial are impaired ve evidence at each reporting to determine period when the carrying of impairment.

The recoverable whether value is greater financial are assets than the recoverable amount is the present v) Investment prope1ty Management investment property is impaired.
makes judgement at each reporting date to determine whether the fair value of vi) Actuarial valuation The actuarial valuation The valuation was completed by the actuaries based that the data was not materially misstated.

assumed on data provided by management.
78 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 5(a) Investment income 2017 G$000 2016 G$000 for sale Available 125,721 105,738 Held to Maturity: 335,111 342,725 Income from investment prope1ty 73,658 70,493 Loans and receivables: With banks and financial institutions: Banks Other financial institutions Non-financial institutions 403,232 110,562 7,105 598,259 135,695 18,630 Distribution: Pensions Short tenn benefits Industrial Benefits 520,899 752,584 1,055,389 1,271,540 786,053 102,479 166,857 947,042 123,467 201,031 1,055,389 1,271,540 Income from Investment and the Ministry property Affairs.
of Foreign relates to the rental of buildings to Guyana Revenue Auth01ity 79 tGLLyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 2017 G$000 2016 G$000 5(b) Other lncome contribution on foreign currency (i) interest on arrears Gain/(loss) Other income Gain on disposal of fixed assets 61,679 (6,764) 8,070 36 45,102 2,386 6,673 2,982 (i)This is the amount of interest pay contributions charged specified within the time.
to defaulting contributors who failed to 63,021 57,143 is charged Interest Scheme (15 days following of.the lending within Interest commerical banks.

not remitted on balances the month).
1:ate the time period allowed is 1 % above the average by the prime expenses 5( c) Administrative 2017 0$000 2016 0$000 -note (i) (sec note 6) and pensions emoluments Directors' Employment costs Gratuities Depreciation Finance Repairs Security Auditor's Other administrative Changes charges and maintenance remuneration 1,728 1,347,904 168,940 64,161 6,289 64,271 84,569 4,440 279,809 1,688 1,300,924 124,190 56,349 4,715 39,920 75,132 3,262 257,334 (884) costs for impairment (receiv in provision '---�--'- ables) (171) Note (i) Chairman Deputy Chairman 7 Directors sharing equally (2016 -7) 2,021,940 1,862,630 252 216 1,260 210 218 1,260 1,728 1,688 80 Guyana National Insurance Scheme NATIONAL LNSURANCE SCHEME NOTES ON THE ACCOUNTS Furniture, and fixtures Office Motor Buildings Land fittin!
!S 0$000 0$000 0$000 eguipment vehicles 0$000 0$000 Total 0$000 795,297 158,400 99,960 66,182 2,641 (1,052) 679,167 98,651 25,067 15,166 (1,140) (13,828) 1,831,475 109,056 (16,020) (2) (2) 861,479 158,400 101,549 15,920 10,043 (5,162) 703,092 99,989 56,135 19,850 (21,074) (60) 1,924,509 101,948 (26,236) (60) 877,399 158,400 106,430 738,093 119,839 2,000,161 628,177 89,339 6,940 249,222 69,061 99,490 46,518 15,281 691,575 104,558 786,255 1,213,906 877,399 158,400 106,430 738,093 119,839 2,000,161 6 Fixed assets Cost/valuation 2018 At 1 January Additions Disposals Adjustment At 1 January 2017 Additions Disposals Adjustment At 31 December 2017 Comprising: Valuation Cost (c) Depreciation At 1 January 2016 Charge Written adjustment for the year back on disposals/ 31,773 17,230 At 1 January 2017 Charge Written adjustment for the year back on disposals/ 49,003 17,548 (287) 55,902 4,639 (744) 565,876 88,665 26,713 7,767 (916) (13,828) 742,216 56,349 (15,488) 59,797 5,050 (3,861) 591,673 82,604 28,834 12,729 (17,505) 783,077 64,161 (21,653) 20 I 7 Al 31 December 66,264 60,986 603,002 95,333 825,585 Net book values: At 3 I December 2017 811,135 158,400 45,444 135,091 24,506 I, 174,576 2016 At 31 December 812,476 158,400 41,752 111,419 17,385 1,141,432 Note: (a) No values were taken in the accounts in respect of State owned land on which National Insurance buildings are located.
(b)At 31 December 2017, had the land and buildings been carried at historical cost, their canying amount would have been approximately 0$ 409 million.

(2016 -0$ 372 million) (c)An amount of 0$17.

I million was reclassfied from cost to valuation for Buildings.
81 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 7 Investment s propertie (a)Camp street At l January Gain on revaluation of investment property 30,550 25,300 2017 0$000 2016 0$000 1,326,650 1,301,350 At 31 December 1,357,200 1,326,650 (b)Paramaribo -Nickerie At 1 January Gain on revaluation of i-nvestmeAt prope-i-t-y8,�14 9,9Qe 202,127 192,221 At 31 December 210,641 202,127 Gain on revaluation of investment prope1ty 1,567,841 1,528,777 39,064 35,206 82 Guyana Nalio11al Insurance Scheme NATIONAL INSURANCE SCHEME NOTESONTHEACCOlJNTS 2017 2016 Fair value G$000 Cost 0$000 Fair value 0$000 Cost 0$000 4,620,641 4,620,641 6,208,532 6,208,532 8 Investments Treasury bills Others 3,646,908 3,417,135 479,105 80,000 5,660,245 479,105 80,000 5,902,786 4,834,278 5,076,820 Company Inc.
Ordinary Shares (i) for sale (a) Bridge Available -Berbice Held to maturity (b) Loans and receivables: -Deposits -Caribbean -Berbice Community Company Inc. (d) Bridge with banks and other financial institutions Secretariat (c) 13,584,940 262,036 1,373,456 13,584,940 262,036 1,373,456 13,032,131 294,790 1,408,066 13,032,131 294,790 1,408,066 23,701,618 21,439,782 23,228,942 21,196,878 28,322,259 26,060,423 29,437,474 27,405,410 (a)Available for sale for sale -valued at market prices Available Intermediaries Cost for this excludes Inc. and based on professional the amount for Berbice povidcd valuation Bridge Company Inc. Ordinaiy by Guyana Association adopted of Securities and where investments Shares.
Companies arc not traded.

by Directors (i)Berbice Bridge Company Inc.

Ordinary Shares were impaired in 2015 based on advice received from an independent that year.

valuator.
valuator.

This impairment was treated an expense in the statement of income and expenditure during (b)Held to maturity (i) Overseas debenture These are investments 2034. in debenture bonds held in the Government of Dominica and St. Kitts which will mature in (ii)Preference shares This represents a dividend of 11 % per annum from December investment in Berbice Bridge Company Inc.'s 2015.

In the event of default redeemable share.

preference The investment earns an additional 1 % will be payable.
The maturity date of the preference 2026. share is the 25 August, These shares See note 16 (ii).

were impaired as at the 31 December, 2015 based on adivse from an independent valuator.

(iii)Government of Guyana Debentures.

This represents Government annum with payments of Guyana Debentures commencing made yearly 2017.

1 January earns 1.5% interest held by the Scheme.


This investment per 83 Gll!Jnna Nalional Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 8 Investments -cont'd (c)Caribbean Community Secretariat A loan ofUS$4M was granted at Lilicnd payments made semi-annually aal, East Coast Dcmerara.
This loan is to be repaid rates: and at the following to the Government interest of Guyana for the purpose ofbuilding the Caiicom of25 years with principal Headquarters and interest Secretariat in US dollars over a period (i)4% per annum for the first 15 years, and (ii)5% per annum for the next ten years.

The agreement interest annual catered repayments.

for a grace period of2.2 years with repayment in 47 equal principal installments.

It also caters for semi­ The loan is unsecured.


(d) Berbicc Bridge Company Inc.
This investment consists of the following: Subordinated loan stock (i) Bond -Corporate (ii) Tranche I (iii) Tranche 2 2017 G$000 2016 GSOOO 500,000 500,000 113,456 760,000 148,066 760,000 Total 1,373,456 1,408,066 (i)The subordin ated loan stock is due to be repaid or redeemed is due to pay interest not later at the rate of 11 % per annum on the said stock in each and every calendar than five (5) months after 31 July, 2026 which date is referred to as the maturity 2006. year commencing from December date.
The company In the event that any interest be carried forward to next interest period is not paid in respect of the whole or any part of the subordinated loan stock the amount of interest for payment with an increased interest rate of 1 % per annum over the 11 % previously shall due.

The subordin ated loan stock is unsecured.

(ii)Tranche I will be maturing 30 June 2018.

Repayment of principal should be in ten semi-annual installments commencing in 2014 and concluding in 2018.
Rate of interest is 9% per annum.

(iii)Tranche 2 will mature in 2021. and concluding on 30 June 2021.

Repayment of principal should be in eight semi-annual installments commencing in 2018 Rate of interest is 10% per annum.

These bonds are secured against a first debenture over the fixed and floating assets of the company.
Significa nt investments Government of Guyana 1.5% Debentures (I)Hand in Hand Trust Corp. Inc. -varying rates of2.0% lo 2.55%-Fixed deposits to 2.65% • Fixed deposits rates of2.25% Bank Limited Inc.-va1ying · varying Citizens Bank(Guyana) Demcrara Government Berbice Berbice Bank of Baroda Bridge Company Bridge Company of Guyana -I .

978° o lo 2.

139° o · Treasury Bills Inc Preference (unsecured) shares lnc.

Loan of9-10% rate 2.25° o to 2.

70% -Fixed deposits r 1.00%.


(secured) rates of 1.45% lo 2.25% -Fixed deposits -varing 2017 2016 Fair value GS 000 4,882,446 2,693,402 3,124,324 3,478,925 6,208,532 124,034 Fair value 0$000 4,638,324 2,693,402 2,406,883 4,575,255 4,620,641 124,034 1,373,456 2,911,099 l ,408,066 2,911,099 84 Guyana National Insurance Scherne NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 9 Stores Stationery All inventmy is expected to be recovered within 12 months.
IO (a)Accrucd investment income Held-to-maturity Loans and receivables: Banks and financial Non-financial institutions institutions IO (b)Sund1y receivables and prepayment Sund1y receivables Prepayments Provision for impairment (i) -individually assessed (i) Provision for impairment individually assessed At I Januaiy Movement during the year At 31 December 11 (a) Pension reserve 2017 0$000 2016 0$000 11,935 13,462 I 318,81 295,534 103,046 4,626 235,853 44,439 426,483 575,826 2017 0$000 2016 G$000 59,153 1,012,393 (34,250) 71,014 716,590 (34,423) 1,037,296 753,181 34,423 (173) 35,308 (885) 34,250 34,423 2017 G$000 2016 G$000 At I January Deficit of income over expenditure (1,674,330) (4,953,691) 2,198,522 (3,872,852) At 31 December (6,628,021) (1,674,330) This reserve is for the payment of pension benefits as required by the National Insurance Act.
11 (b) Short term rese1ve At I Janua1y Excess of income over expenditur e 2017 G$000 2016 G$000 10,931,132 1,889,287 9,322,888 1,608,244 At 31 December 12,820,419 10,931,132 This resc1vc is for the payment of sho1t-term benefits.
85 Guyana National Insurn11cc Sc/icmc NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 11 (c) Industrial reserve 2017 0$000 2016 0$000 Al I January Excess of income over expenditure 19,512,856 2,222,780 17,468,499 2,044,357 At 3 I December 21,735,636 19,512,856 This reserve is for the payment of industrial benefits.

11 (d) Fixed assets revaluation reserve 2017 0$000 2016 0$000 786,255 786,255 This reserve relates to surplus arising as a result ofrevaluations.
reserve Investment revaluation 2017 0$000 2016 0$000 At l January Fair value adjustment 2,938,032 229,773 2,894,413 43,619 At 31 December 3,167,805 2,938,032 This represents fair value adjustment of investments held.
13 Unpaid benefits Pension Short term 2017 0$000 2016 0$000 389,573 411,376 122,551 109,989 Industrial 2,176 16,217 14 Sundry payables and accruals Sundry payables Accruals 86 514,300 537,582 162,443 132,757 57,380 119,685 295,200 177,065 Guyana National Insurance Scheme 15 Financial risk management NATIONAL LNSURANCE SCHEME NOTES ON THE ACCOUNTS Financial risk management objectives The Scheme's reports which and price risk), management analyse credit by degree exposures risk.
risk and liquidity monitors and manages to the operations market and magnitude of risks.

of the Scheme through risk ( cu1Tency These risks include risks relating the financial internal risk rate risk interest risk, The Scheme seeks exchange foreign to minimise interest risk, the effects of these risks by the use of techniques by management's on policies that are governed by the Board ofDirectors.
rate risk and credit risk which are approved The Scheme's management r eports monthly to the Board of Directors on matters relating of risk to risk and management risk (a)Market The Scheme's activities expose uses interest risk.

currency rate sensitivity There has been no change to financial exposure it to the financial in the Scheme's risks of changes and exposure limits in foreign currency exchange to manage its exposure instruments rates to market risks or the manner in which it manages these risks.
to interest rate and foreign and interest rates.

The Scheme (1)Foreign currency risk The financial statements equivalent Guyana Dollar at 31 December include the following assets and liabilities denominated currencies stated in the in foreign Assets US Dollar Others Liabilities Net assets 2017 G$ 000 2016 G$ 000 946,229 262,036 1,208,265 I, 193,079 272,467 1,465,546 1,208,265 1,465,546 Foreign currency sensitivity analysis The following denominated in foreign currencies.
table details the Scheme's sensitivity to a 2.5% increase or decrease balances in the Guyana dollar against The sensitivity period strengthen impact analysis includes only outstanding foreign rates.

currency denominated moneta1y items at the number indicates and adjusts in profit where foreign an increase translation currencies their end for a 2.5% change in foreign 2.5% against the 0$.

For a 2.5% weakening the balances on the profit, and below would be negative.
currencies against 0$ there would be an equal and opposite cuJTency A positive of the foreign Profit/(loss) 2017 0$000 2016 0$000 30,207 36,639 87 Guyana Naliona/ Insurance Scheme NATIONAL LNSURANCE SCHEME NOTES ON THE ACCOUNTS 15 Financial risk management -cont'd (a)Market risk -cont'd rate risk (ii)Interest 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 directly This impacts to various on its cash flows.
risks that arc associated with the effects of variations in interest rates.

The Scheme's tools and implements continually strategics monitors to hedge and manages these risks through against any adverse management relevant effects.
the use of appropriate Average interest rate Maturing 2017 % Within � 0$000 0$000 0$000 0$000 2 to 5 years 5 years bearing Over Non-interest Total G$000 investment Assets Investments 1.45 -11 22,876,653 Accrued Sund1:y Cash at bank Cash on hand receivables and prepayments income - - 206,220 1,592,478 3,646,908 426,483 L,0l7,29-6 92,082 59,122 28,322,259 426,483 l-,032,29-6 92,082 59,122 22,876,653 206,220 1,592,478 5,261,891 29,937,242 Liabilities Unpaid Sund1y benefits payables and accruals 514,300 295,200 514,300 295,200 809,500 809,500 Interest gap sensitivity 22,876,653 206,220 1,592,478 Average rate interest Maturing 2016 % Within I year 2 to 5 years 5 years bearing G$000 G$000 G$000 G$000 Over Non-interest Total 0$000 Assets Investments 1.45 -11 24,155,863 income Accrued Sundry Cash at bank Cash on hand receivables and prepayments 171,879 1,692,597 3,417,135 575,826 753,181 I 87,618 64,322 29,437,474 575,826 753,181 187,618 64,322 24,155,863 171,879 1,692,597 4,998,082 31,018,421 Liabilities benefits Unpaid payables Sundry Bank overdraft and accruals 493,500 Interest gap sensitivity 493,500 23,662,363 171,879 1,692,597 537,582 177,065 537,582 177,065 493,500 714,647 1,208,147 88 Guyana National Insurance Scheme NATIONAL lNSURANCE SCHEME NOTES ON THE ACCOUNTS 15 Financial risk management -cont'd (a) Market risk -cont'd (iii)Interest analysis rate sensitivity The sensitivity period.
analysis below has been determined based on the exposure to interest rate at the end of the reporting The sensitivity analysis increase management's when reporting of the reasonably is used assessment only outstanding interest at the end of the reporting to key management rates.

rate internally in interest or decrease possible includes balances change period.

A 50 basis point personnel and represent number indicates A positive decrease below would be negative.
rate, of50 basis point in the interest an increase in profits where the interest this would have an equal and opposite rate appreciates impact by 50 basis points.
on profit For a and the balances If interest Scheme's rates had been 50 basis points would have been: surplus higher/lower and all other variable s were held constant, the impact on the Increase/decrease 2017 in basis point Impact on surplus for the year 2016 Investments 0$000 0$000 Local currency +/-50 143,377 120,923 Foreign currencies +/-50 6,041 6,073 Apart from the foregoing expected market of a reasonable and disaster political with respect impact risks, to the other financial assets and liabilities, in interest possible change rate on profit or equity risks can affect the value of the assets and liabilities it was not possible as other factors the risks, such as credit to determine (iv)Price risk Price risk is the risk that the value offinancial those changes whether traded in securities the 1isk.
minimize are caused the market.

The Scheme does not actively Management by factors specific continually trade in equity will fluctuate to the individual identifies, as a result security underwrites of changes or its issuer investments.

instruments in market p r i c c s affecting all or factors and diversifies risk in order to If the value of available approximately for sale investments were to change (2016-0$170,857,000).
be 0$182,345,000 by 5% the effect on other comprehensive income would 89 Guyana National lnsw·ancc Scheme n ) NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 15 Financial risk management- cont'd (b) Credit risk Credit risk refers to the risk that a client orcountcrparty will default on its contractual obligations resulting in financial loss to the Scheme.
T he table below shows the maximum exposure to credit risk: Investments Sundry receivables Accrued Cash at bank investment (excluding income prepayments) Maximum exposure Maximum exposure G$000 G$000 28,322,259 59,153 426,483 92,082 29,437,474 71,014 575,826 187,618 Total Credit risk exposure 28,899,977 30,271,932 The Scheme faces credit close monitoring statements.
risk in respect of its cash and cash equivalents, The maximum credit investments risk faced by the Scheme However, is the balance and receivables.

this risk is controlled in the financial reflected by the Scheme.

of these assets by Cash and cash equivalents with very strong arc held by financial institutions.

to meet their obligations as they fall due.

The related have been assessed risk is therefore These institutions capacity considered ve1y low.

by the Directors as being credit worthy, -.


: Investments the directors reOected in the financial statements are assets for which the likelihood of'defaull is low and therefore low risk by considered Sundry receiva evaluation bles consist of a large number of clients, condition on the financial is pe1formed of sund1y receivable on a regular basis.

spread across diverse industries areas.


and geographical Ongoing credit 2017 G$000 2016 G$000 Sundry receivables 59,153 71,014 The above balances are classified as follows:.

Current Past clue but not impaired Impaired Ageing of 12asl clue but not impaired 1 - 2 years 11,153 13,750 34,250 59,153 13,172 23,419 34,423 71,014 13,750 23,419 Ageing of im12aircd sundr)'.'
receivables Over 2 years 34,250 34,423 Provision for impairment 34,250 34,423 Accrued investment income The above balance is classified as follows: Current Past due but not impaired Ageing of 12asl due 1 - 3 years 90 426,483 575,826 306,483 120,000 60,000 426,483 575,826 515,826 120,000 60,000 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 15 Financial risk management -cont'd (c)Liquidity risk Liquidity instruments.
risk is the risk that the Scheme will encounter difficulty The Scheme manages its liquidity risk by maintaining in raising an appropriate funds to meet its commitments level of resources associated or near liquid in liquid form.
with financial The following of assets table shows the distribution and liabilities by maturity: 2017 Over Within I vear 2 lo 5 ):'ears 5 ):'Cars Total 0$000 0$000 0$000 0$000 4,620,641 3,646,908 4,620,641 3,646,908 300,468 976,488 3,557,322 4,834,278 Assets Investments bills Treasury for sale Available Held to maturity Loans and receivables 14,919,229 206,215 94,988 15,220,432 income Accrued investment and prepayment 1,037,296 Sund1y receivables Cash at bank Cash on hand 92,082 59,122 426,483 426,483 1,037,296 92,082 59,122 Liabilities Unpaid benefit Sund1y payables s and accruals 25,102,229 1,182,703 3,652,310 29,937,242 514,300 295,200 809,500 514,300 295,200 809,500 Net assets 24,292,729 I, 182,703 3,652,310 29,127,742 2016 Over Within I ):'ear 2 to 5 ):'ears 5 vears Total 0$000 0$000 0$000 0$000 Assets Investments bills Treasury Available for sale Held to maturity Loans and receivables 13,124,111 282,102 1,328,774 14,734,987 6,208,532 3,417,135 317,363 930,105 3,829,352 5,076,820 6,208,532 3,417,135 income Accrued investment 575,826 and prepayments 753,181 Sund1y receivables Cash at bank 187,618 Cash on hand 64,322 575,826 753,181 187,618 64,322 24,648,088 1,212,207 5,158,126 31,0 I 8,421 Liabilities Unpaid benefits Sundry payables Bank overdraft 537,582 and accruals 177,065 493,500 1,208,147 537,582 177,065 493,500 1,208,147 Net assets 23,439,941 1,212,207 5,158,126 29,810,274 91 / 0\ Guyana NuUmwl Insurnnce Scheme 16 Fair value estimation NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS The following
 table details the carrying costs of assets and liabilities.
Fair values are staled for disclosure purposes .
2017 2016 Assets Level G$000 G$ 000 Level G$ 000 G$000 IFRS 13 Can:ying Value Fair Value IFRS 13 Can:ying Value Fair Value 2 shares Investments Treasury bills Held lo maturity Preference 3 Government debentures 2 2 Government Loans and receivables 2 and prepayments 2 Sundry receivables Accrued 2 income Cash al bank Cash on hand investment of Guyana Debentures I 8 187,618 64,322 64,322 26,290,334 26,290,334 27,601,286 27,601,286 Liabilities Unpaid benefits Sundry payables Bank overdraft and accruals 2 2 514,300 514,300 2 295,200 295,200 2 537,582 537,582 177,065 177,065 493,500 493,500 809,500 809,500 1,208,147 1,208,147 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 on expected delinquencies.
receivables arc net of specific realisation of outstanding provision balances for impairment.

taking The fair value ofloans and receivables with respect into account the Scheme's is based to history (ii)"Investments" The fair value of Preference shares was determined based on professional valuation.

Fair value of Government of Guyana -Debentures were determined using amortised cost.

Fair value for loans and receivables was obtained using level 2 fair value measurements.
(iii)"Financial instruments where the canying amounts arc equal lo fair value" instruments where the canying Financial carrying value of certain financial bank, sund1y receivables and prepayments, overdraft benefits.

and unpaid instruments approximates accrued their fair values.
income, investment amounts arc equal to fair value: Due to their short term maturity, the These include cash on hand and at and accruals, bank sundty payables 92 Guumw National Insurance Scheme NATIONAL lNSURANCE SCHEME NOTES ON THE ACCOUNTS 16 Fair value estimation -cont'd Fair value measurements recognised in the statement of financial position The following recognition table provides at fair value , grouped an analysis into Level 2 and Level 3 based on the degree lo which the fair value is instruments of financial that are measured subsequent to initial in active (unadjusted) Level 1 -quoted prices Level 2 -Inputs other than quoted prices normally liability, or indirectly (i.e.
directly either Level 3 -Inputs ror the asset or liability inputs).

Assets as prices) al fair value carried markets (i.e.

for identical assets and liabilities.

Level I that arc observable for the asset or included derived within from prices).
that arc not based on observable market data (lhal is, unobservable Level 2 G$ 000 2017 Level 3 Total G$ 000 G$ 000 Available for sale 2,645,359 1,001,549 3,646,908 Available for sale 2,415,586 1,001,549 3,417,135 2016 Level2 Level 3 0$000 G$ 000 Total 0$ 000 Where the fair value of an available instrument instrument, in a market that is considered that instrument is included in Level 2. for sale investment security is dete1111ined by quoted pnce for an identical less active or by a quoted price in an active market for a similar Available for sale assets not traded on a stock exchange were independently revalued.
Investment properties 2017 0$000 2016 0$ 000 I 567,841 1,528,777 (a) As of 31 December 2017 investment property was revalued on the revaluation was credited by Mr. Julian Barrington, Officer Chief Valuation and other of income and expenditure to the statement The gain arising (a.g).

income.

comprehensive at Lot 200 and 20 I Camp Street, Cummingsburg, Georgetown and is leased to the This is prope1ty Guyana Revenue As of 31 December 2017 investment was credited on the revaluation located Authority.
(b)arising income.

property was revalued by Mr. J. Loch em a professional to the statement of income and expenditure The gain sive and other comprehen valuer.

This is prope1ty located at Gravenst raat, Paramaribo, Su1iname.

Fixed assets 2017 0$ 000 2016 G$ 000 1,174,576 1,141,432 Land and buildings The surplus 2000 land and buildings arising on the revaluation arising were revalued on the revaluation by Mr. D.A.

Patterson, was credited A.A. Chief Valuation to fixed asset revaluation reserve 1990.
Officer as at 31 December d Valuation .

As of 31 December Surveyor.

The surplus were revalued were credited to by H.B.

Cu1tis, FRICS Chartere reserve.

the fixed asset revaluation 2012 land and buildings were revalued by Mr. Compton P. Autar, MSST., DIP.

Chief Valuation At 31 December Officer.

The surplus December 2013 Officer.

The surplus arising land and buildings on the revaluation were revalued arising from revaluation was credited was credited to the fixed asset revaluation reserve.
As at 31 by Mr. Compton P. Autar, MSST., DIP.

Chief Valuation reserve.
to fixed assets revaluation 93 Guyana Nalional 11lsumnce Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 1 7 Analysis of financial assets and liabilities by measurement basis 2017 Available for Held lo y sale maturit Loans and receivables ASSETS G$000 G$000 G$000 Financial assets and at liabilities cost Total G$000 G$000 amortised Investments Accrued investment income Sund1y receivables Cash at bank Cash on hand and prepayments Total assets LIABILITIES Unpaid benefits Sundry payables Bank overdraft and accruals Total liabilities 3,646,908 4,834,278 4,620,641 28,322,259 15,220,432 426,483 1,037,296 426,483 1,037,296 3,646,908 4,834,278 16,684,211 4,771,845 29,937,242 92,082 92,082 59,122 59,122 514,300 514,300 22-5,2D _0 225,20_Q 809,500 809,500 2016 Available for Held to sale maturity Loans and receivables ASSETS G$000 G$000 G$000 Financial assets and at liabilities cost Total G$000 G$000 amortised Investments income Accrued investment and prepayments Sundry receivables Cash at bank Cash on hand 3,417,135 194,374 14,734,987 575,826 753,ISI 6,208,532 24,555,028 575,826 753,181 187,618 187,618 64,322 64,322 Total assets 3,417,135 194,374 16,063,994 6,460,472 26,135,975 LIABILITIES Unpaid benefits Sund,y payables Bank overdraft Total liabilities and accruals 537,582 537,582 177,065 177,065 493,500 493,500 1,208,147 1,208,147 94 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 18 Capital commitments Expenditure Directors authorized but not contracted by the for 2017 G$000 2016
 G$000 67,000 158,000 19 Taxation The Scheme is exempted from Income and Property Tax.
20 Pending litigations There are several determined benefits pending against litigations the Scheme, the outcome of which cannot be at this stage.

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

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

95 Guyana National Insurance Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 22.
Actuarial review 37 of the National Section Scheme be conducted 2011, five years after the previous Insurance at least every five years.

Act requires review.

that an actuarial review of the National Insurance as at 31 December The eighth review was conducted The next actuarial be clone.

valuation as required by the Scheme was due as at 31 December 2016.
This is yet to The key results of projections the 30 year projections on there being no changes were based as stated in the actuaria l report to the current contribution are set out below.

These 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 l 8.

7%.

The pay-as-you-go rate in 204 l will be around 28%.

Insurance If National income and lower benefit 2023.
Conversely, Scheme performance is better and administrative than assumed expenditure) ifperfonnance is worse than assumed, depletion depletion of reserves may be deferred until may be as early as 2019. of reserves (higher contribution and investment These results increase investment are slightly worse than those of the 7th Actuarial Review.
at a faster rate than contributions, the fund is returns can no longer be depended quickly upon to defray pension approaching costs As expenditure continues to a pay-as-you-go state where The actuarial report in the near-term as at 31 December 20 l l made recommendations to improve costs in the medium and long term.

These are summarized below: the Scheme's finances and lower overall (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 that reserves will fall to less than tv-10 times annual to the contribution in the following year.

expenditure rate if it is expected (iii)Increase the wage ceiling to 0$200,000 per month.

(iv)Freeze pension increases (no pension increase) for 2 years or until the contribution rate 1s increased and finances improve.

96 Guyana Nal'ional Insuranc e Scheme NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS 22.
Actuarial review -cont'd Recommendations: (v) Increase the pension age from 60 to 65 on a phased basis.

(vi)For old age pension: accrual pension Revise rates so that the maximum instead years of contributions Increase of years over which insurable the numbers age pension Change the basis for pension increases price inflation calculations of 3 5 years.

limit.

with a from 3 to 5.


60% benefit after 40 is reached for old wages are averaged from the minimum public sector wage to (vii)Equalize all benefit rules for males and females wherever still differences exist.

(viii)Develop links with various and permits are only issued departments that and permits if the employer/business/self-employed so that such person is NIS­ issue licenses government licenses compliant.

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

and enforce penalties e new legal measures, such for late or non-payment of income and assets of contributions and of non-compliant as garnishing existing (xi)Develop an appropriate investment policy and future The new investment Framework.

of the fund and current position roles and responsibilities asset allocation.
of various policy, the current which will replace Prudential to the current should give due considerations the include should and strategies, constraints market conditions.

investment This policy objectives, Investment financial pai1ies, 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 actuary's report which is with the Scheme.
97 nGuyana Natiaaa/ lusurauce Scheme 2 3 Related patty transactions NATIONAL INSURANCE SCHEME NOTES ON THE ACCOUNTS Parties influence are considered to be related if one party has the ability to control the other party or exercise significant over the other pa1ty in making financial or operating decisions.

Listed below arc transactions and balances with related parties: Key management personnel (I)Compensation The Scheme's Controller 39 (2016 -3 9) key management personnel .
The remuneration comprise paid to key personnel and other Managers its General for the year was as follows; Manager, Finance Salaries Allowances 2017 G$000 2016 G$000 158,376 11,052 148,292 10,172 - - ----- - --- --- --- - - -- --- - 1-6�;42·8 --1-s-8-;-46-4- -- 24 Non-compliance with the National Insurance Security and Social Act: Cap 36:01 National insurance and Social Security Act: Cap 36:01 section 36 (1) (a) states: "The Board shall- (a)in each year prepare a Minister not later than the report thirtieth day ofJune" on its activities in the last preceding year and shall furnish such report to the This was not done.
25 Contingent liability At the end of the financial who qualified for NIS pension estimated to be G$ I ,458, 731,912(2016-G$ l ,4 77,024,404).

year 2017, management estimated that there were 944 pensioners but did not submit a claim for pensions due to them.

The amount unclaimed (2016 -1,094) was 2 6 Approval offinancial statements The financial statements were by the Board ofDirectors approved and authorised for issue on April 08, 2019.
98 Guyana National Insurance Scheme PART3 TABLES IN ANNEX TABLE DESCRIPTION PAGE A B C D E F G H I J K L NUMBER OF EMPLOYERS REGISTERED AND SIZE-2017 BY INDUSTRY IOI NUMBER OF EMPLOYED REGISTRANTS BY AGE-GROUP, SEX AND MARITAL STATUS -2017 102 NUMBER OF EMPLOYED REGISTRANTS BY INDUSTRY AND SEX-2017 103 NUMBER OF SELF-EMPLOYED INDUSTRY AND SEX-2017 REGISTRANTS BY NUMBER OF SELF-EMPLOYED GROUP, SEX A ND MARITAL STATUS-2017 REGISTRANTS BY AGE- 104 105 NUMBER OF OLD AGE PENSIONS AWARDED BY AGE, SEX AND CONTRIBUTIONS (PAID AND CREDITED)-2017 106 NUMBER OF OLD AGE PENSIONERS AGE, EMPLOYMENT STATUS AND SEX AS AT 2017-12-31 107 ON STREAM BY NUMBER OF OLD AGE GRANTS AW ARD ED BY AGE, SEX AND EMPLOYMENT STATUS-2017 108 NUMBER OF INVALIDITY SEX AND NUMBER OF CONTRIBUTIONS CREDITED) PENSIONS -2017 (PAID AND GRANTED BY AGE, 109 NUMBER OF INVALIDITY SEX, NUMBER OF CONTRIBUTIONS N T PAID-2017 AND AMOU GRANTS AW ARD ED BY AGE, (PAID AND CREDITED) NUMBER OF SURVIVORS' AND CONDITfON NUMBER OF FU EMPLOYMENT CATEGORY, OF THE DECEASED -2017 PENSIONS BY AGE-GROUP OF AWARD-2017 N ERAL CLAIMS PAID BY AGE-GROUP, SEX AND INSURED STATUS 99 110 111 112 M N 0 p Q R Guyana National Insurance Scheme TABLES IN ANNEX (Cont'd) TABLE DESCRIPTION PAGE NUMBER OF SICKNESS SPELLS EMPLOYMENT CATEGORY AND SEX OF RECTPfENTS -2017 113 PAID BY AGE-GROUP, NUMBER OF SICKNESS SECTOR -2017 AND SPELLS PAID BY DIAGNOSIS 114 NUMBER OF SICKNESS PAID BY AGE-GROUP, SECTOR AND SEX-2017 BENEFIT MEDICAL CARE CLAIMS 116 NUMBER OF MATERNITY ALLOWANCES PAID BY AGE-
 GROUP, EMPLOYMENT STATUS AND 2017 BENEFIT DAYS NUMBER OF MATERNITY ALLOWANCES PAID BY BENEFIT DAYS AND AMOUNT -2017 N-UM-BER SEX-2017 0F l-N-:J-UR1/ S PE-cLS-PA-H) 8-1/ A6-&GR-08P A-ND 11 7 118 119 120 s NUMBER OF INJURY BENEFIT CASES PAID BY BENEFIT DAYS, SEX AND SECTOR -2017 T NUMBER OF INJURY BENEFIT MEDICAL CARE CLAIMS PAID BY AGE-GROLJP, SECTOR AND SEX - 2017 121 u NUMBER OF DISABLEMENT PENSIONS BY NATURE OF DlSABlUTY AND AMOUNT PAID-2017 122 V NUMBER OF DISABLEMENT GRANTS SEX AND AMOUNT PAID-2017 BY
 AGE-GROUP, 123 w ANAL YSlS OF INDUSTRIAL DEATHS BY CONDITION OF -2017 AWARD AND NATURE OF INJURY 124 100 Guyana National Insurance Scheme NUMBER OF EMPLOYERS REGISTERED BY INDUSTRY AND SIZE TABLE A 2017 CODE INDUSTRY NUMBER OF EMPLOYEES TOTAL 1-5 6-10 11-20 21-50 51-100 Over 100 and Game Propagation Production and Harvesting Clay and Sand Pits and Livestock and Harvesting & Logging Trapping 1 01A 018 2 3 4 11 12 13 14 19 20 20A 20B 26 27 28 Agriculture Sugar Cane Planting Rice Planting Forestry Hunting, Fishing Coal Mining Metal Mining Crude Petroleum and Nalural Gas Stone Quarrying, Non-Metallic Mining and Quarrying Food Manufacturing Sugar Milling Rice Milling Beverage Tobacco Manufacturers Manufacture Manufacture Manufacture Manufacture Manufacture Printing, Manufacture Industries ofleather& Industries Publishing and Allied Leather & other Wearing Apparel of Textiles of Footwear of Wood and Cork except manufacture of furniture of paper and paper products & fixtures of furniture Industries products except footwear Manufacture Manufacture Manufacture Manufacture Basic Metal Industries of Rubber Products of Chemicals of Products of Non-Metallic of Petroleum Mineral and Chemical & Coal Products except machinery Electrical of Metal products, (except of Machinery Machinery, of Electrical Equipment of Transport Machinery) Apparatus, Appliances and Supplies and transport equipment Manufacturing Industries Manufacture Manufacture Manufacture Manufacture
 Miscellaneous Construction Supply of Electricity, Water & Sanitary Wholesale Banks and other Financial Insurance Real Estate Transport Storage Communication Services Trade & Warehousing and Retail Gas & Steam Services and Business Services Government Community Recreational Services Personal not Adequately Activities Services described Institutions 29 30 31 32 33 34 35 36 37 38 39 40 51 52 61 62 63 64 71 72 73 81 82 83 84 90 6 1 1 .
1 .

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4 2 1 1 10 1 1 .

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1 3 1 .

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117 3 1 .

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121 .

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2 18 .

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1 108 7 6 1 .

4 45 4 1 153 10 5 1 1 .

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58 .

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1 2 124 4 50 2 .

171 Products except products of Petroleum and Coal .

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TOTAL 564 42 16 7 3 2 634 101 NUMBER OF EMPLOYED REGISTRANTS BY AGE-GROU�, SEX AND MARITAL STATUS 2017 TABLE B FEMALES I & MALES FEMALES AGE GROUP MALES SINGLE MARRIED WID.

DIV.

Under 16 6 SEP. TOTAL COMMON LAW 6 5 SINGLE MARRIED WID.

DIV.

SEP. lcoMMON TOTAL SINGLE MARRIED I LAW I 5 11 WID.

DIV.

SEP. COMMON LAW 0 � '-::: :::, ;:: � '.2:!

:) ..... 0 � !

:) --.
;:; � ::::i ;::; (') � Cl) r, � � ct TOTAL 11 16 -19 .... 20-24 0 I\) 25-29 399 64 2 81 546 354 63 2 3 6 98 526 753 127 2 3 8 179 1,072 30-34 165 58 1 1 5 56 286 151 75 3 3 11 57 300 316 4 4 16 113 586 35- 39 89 66 1 3 4 44 207 105 62 6 9 40 -44 74 46 2 3 3 25 153 68 48 3 5 45-49 41 37 1 1 50 -54 55 -59 28 16 60 & Over i TOTAL 5,567 369 9 13 20 362 6,340 5,443 378 28 30 45 425 6,349 11,010 747 37 43 65 787 12,689 Guyana National Insurance Scheme NUMBER OF EMPLOYED REGISTRANTS BY TABLE C INDUSTRY AND SEX 2017 CODE INDUSTRY MALES FEMALES TOTAL and Game Propaaation & Loaaina and Allied & Harvestinq Production & Harvestina 01 01A 018 02 03 04 11 12 13 14 19 20 20A & Livestock Plantinq Gas and Natural Clay and Sand Pits Mining & Quarrying Industries Aariculture Suaar Cane Rice Plantina Forestry Huntina, Trappina Fishina Coal Minina Metal Mining Crude Petroleum Stone Quarrying, Non-Metallic Food Manufacturina Suaar Millina Rice Millina Beveraae Industries Tobacco Manufacturers Manufacture Manufacture Manufacture Manufacture Manufacture Printina,
 Manufacture Manufacture Manufacture Manufacture Manufacture Basic Metal Industries Manufacture Manufacture Manufacture Manufacture Miscellaneous Construction Supply of Electricity, Gas and Steam Water and Sanitary Services Wholesale Banks and other Financial Insurance Real Estate Transport Storaae Communication Government Services Communitv & Business Recreational Services Personal Services Other Activities not of Metal Products, of Machinery (except of Electrical of Transport Manufactu Publishina of Leather of
 Rubber Products of Chemicals of Products of Petroleum of Non-Metallic and Warehousina adequately Services Institutions and Retail Mineral Trade described Total & other Wearinq Apparel of Textiles of Footwear of Wood and Cork, except Manufacture of Furniture of Paper and Paper Products of Furniture and Fixtures Industries & Leather products except footwear and Chemical & Coal products Products except products of Petroleum & Coal except machinery and transport equipment Electrical Machinery) Appliances & Supplies Annaratus, Machinery, Equipment rinq Industries 112 77 1 - - - - 122 29 31 288 236 11 2 23 8 25 196 19 27 5 12 121 89 282 11 113 45 226 73 - - 2 93 26 6 19 - - 48 - 3 21 99 - 3 4 16 17 6 15 - - 30 1 - 3 37 - - - 151 31 524 13 215 50 13 37 210 293 158 299 - 3 6 109 43 12 34 - - 78 1 3 24 136 1 4 24 95 548 185 125 1,396 199 124 6 274 4 1,294 1,455 2,499 25 1,368 430 12,689 103 Guyana Natio11al lnsurnnce Sche111e TABLED NUMBER OF SELF-EMPLOYED REGISTRANTS BY INDUSTRY AND SEX 2017 CODE INDUSTRY MALES FEMALES TOTAL 01 01A 01B 02 03 04 11 12 13 14 19 20 20A 20B Agriculture and Livestock Production Sugar Cane Planting & Harvesting Rice Planting & Harvesting Forestry & Logging Hunting, Trapping and Game Propagation Fishing Coal
 Mining Metal Mining Crude Petroleum and Natural Gas Stone Quarrying, Clay and Sand Pits Non-Metallic Mining and Quarrying Food Manufacturing Industries Sugar Milling Rice Milling Beverage Industries Tabacco Manufacturers 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 Leather & Leather products except footwear Manufacture Rubber Products Manufacture of Chemicals and Chemical Products Manufacture of Products of Petroleum & Coal Manufacture of Non-Metallic Mineral Products except products of Petroleum & Coal Basic Metal Industries Manufacture of Metal Products, except machinery and transport equipment Manufacture of Machinery (except Electrical Machinery) 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 Communication Government Services Community & Business Services Recreational Services Personal Services Other Activities not Adequately Described TOTAL 104 2 - - 2 - - 1 - - - 1 - 3 - - - - - - - - - - - - - - - 1 - - - - 1 - - 4 - - - 1 - - - - 2 - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 1 - 2 - - - 3 - - 2 - 2 1 - - - 1 - 3 - - - - - - - - - - - - - - - 1 - - - - 2 1 - 6 - - - 59 - 57 - 116 - 2 1 6 - 1 - 1 - 3 1 7 - 2 1 493 277 770 344 578 922 3 NUMBER OF SELF-EMPLOYED REGISTRANTS BY AGE-GROUP, SEX AND MARITAL STATUS AGE MALES FEMALES MALES & FEMALES 2017 TABLE E GROUP COMMON LAW SINGLE MARRIED WID.
DIV.

SEP. TOTAL SINGLE MARRIED WID.

DIV.

SEP. TOTAL SINGLE MARRIED WID.

DIV.
SEP. TOTAL COMMON LAW ..... 0 01 16 -20 21 -25 26 -30 31 -35 36 -40 41 -45 46 -50 51 -55 56 -60 - 29 57 5 44 23 39 40 34 48 24 39 26 26 17 17 9 7 TOTAL 279 205 - - - - - - - - - - - - - - - - 2 1 15 97 28 32 11 39 1 23 72 10 48 69 40 1 1 1 67 67 72 - - - 2 1 1 1 2 13 80 20 29 1 1 2 - 3 - 1 - - - 1 18 - - 3 - - - - - - - - - - - - 1 13 14 19 23 19 13 4 1 41 95 126 164 170 138 106 62 20 107 922 COMMON LAW - <,::: .
:i .

:i z .

:i a· s::, -"' .

:i ;::; (":) � (/) (":) � � � NUMBER OF OLD AGE PENSIONS AWARDED BY AGE, SEX AND C(!
)NTRIBUTIONS (PAID AND CREDITED) TABLE F I MALES CONTRI- 2017 FEMALES I CONTRI- MALES & FEMALES I CONTRI· NUMBER AMOUNT BUTIONS CONTRI- PERCENT NUMBER AMOUNT BUTlONS CONTRI- PERCENT NUMBER AMOUNT BUTIONS CONTRI• PERCENT OF PAID PAID ANO BUTIONS CREDITED OF PAID PAID AND BUTIONS CREDITED OF PAID PAID ANO BUTIONS CREDITED PERSONS ($) CREDITED CREDITED PERSONS ($) CREDITED tjREDITED PERSONS ($) CREDITED CREDITED 52,575.275 10,775.004 2,047.196 1,451,559 1,385,626 3.112 0.22 786 33,872.198 992,986 I3.231 .
' I· I· 1.
I I I 1 1 27,500 943 27,500 888 .

I Total 1,594 71,792,484 1,943,822 3,944 0.20 1,112 44,920,148 1,340,468 I 4,177 0.31 2,706 116,712,632 3,284,290 8,121 0.25 AGE 60 61 62 63 64 65 66 67 .... 68 69 0 Ol 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 � t.r::: :::, ;::; :::, z :::, ..... g :::, ? "'
s::i N C'l "" C/'J r, :::;-, "" ;::; "" ..::,,,_ Guyana National Insurance Scheme TABLE G NUMBER OF OLD-AGE PENSIONERS ON STREAM BY AGE, EMPLOYMENT STATUS AND SEX AS AT 2017-12-31 EMPLOYED SELF-EMPLOYED BOTH CATEGORIES MALES & FEMALES AGE MALES FEMALES - 1 1 - - 1 - - - 1 1 2 1 104 102 154 72 136 106 88 72 77 106 77 57 55 39 27 44 30 23 16 10 15 5 5 7 - 3 2 3 - 1 2 1 - - - MALES & FEMALES MALES FEMALES MALES & FEMALES MALES FEMALES 4
- - 1 1 - 1 2 62 61 47 37 36 25 - 2 1 2 - - 3 3 - - 1 - - 1 - - - - - - 1 1 - TOTAL 20,861 10,658 31,518 2,911 1,439 4,350 23,772 12,097 35,869 107 C) � '-::: ,:::, ;:;; ,:::, < � �- 0 � ;:;; � -;:;; § C") � ;.
� "' C/) NUMBER OF OLD-AGE GRA�TS AWARDED BY AGE, SEX AND TABLE H EMPLOYM�NT STATUS 2017 EMPLOYED SELF-EMPLOYED BOTH CATEGORIES I I AGE MALES FEMALES MALES & FEMALES MALES FEMALES MALEsl & FEMALES MALES FEMALES MALES & FEMALES 8 16 11 .... 0 0) - - " - - - 1 - - - 79 94 42 39 24 19 24 13 1 0 7 6 4 · · 2 1 1 - - 1 - - - - - - - - - - .
159 16 258 27 119 14 9 5 3 5 3 1 " 1 99 71 64 55 41 27 19 20 8 5 4 8 3 4 4 3 3 1 .

- " .

- .

1 - - - 3 2 1 · 1 1 " · · · · · · .

- - - - - - - .

- " · .

- - · 1 · · · · - · · · · . "

. "

.

· - - - 24 43 25 12 7 4 5 4 2 " 1 · 1 · · · .

- - - - - - - - - _ - " - _ 96 191 91 69 52 48 36 31 18 12 15 4 6 4 87 110 53 42 26 20 24 14 11 7 6 4 • • 6 2 2 3 4 3 2 1 - - - - • _ 1 - - _ 1 1 - .

1 - - - - ' _ _ .

- - · .
183 I 301 I 144 : 111 I 78 I 68 I 60 I 45 I 29 I 19 I 21 I 8 6 I 4 I 8 3 I 4 I 4 3 I 3 I 1 I • I · I I I I - I _ I • I _ I 1 I I - - _ TOTAL 610 366 976 85 43 f 128 695 409 1,104 .J Guyana Naliona/ Insurnnce Scheme TABLE I NUMBER OF INVALIDITY PENSIONS GRANTED BY AGE, SEX AND NUMBER OF CONTRIBUTIONS (PAID AND C REDITED) 2017 MALES FEMALES MALES AND FEMALES CONTRIBUTIONS CONTRIBUTIONS CONTRIBUTIONS AGE NUMBER PAID CREDITED TOTAL NUMBER PAID CREDITED TOTAL NUMBER PAID CREDITED TOTAL - - 1 1 - - 1 1 - 2 3 1 2 2 1 4 1 3 4 5 2 5 6 2 12 - - - - - - 471 308 - 434 15 486 15 323 - - 19 453 - - - - - 1 558 - - - - 1 713 - 141 854 - - 1,617 52 1,669 - - 2,307 38 2,345 255 - 1 309 - - - - - - - - - - 49 607 - 19 274 309 0 - - - - - - - 471 308 558 - 434 255 713 309 1,617 - - - 1,030 37 1,067 1 634 11 - 25 678 659 2 4 2 957 2,203 1,664 2,201 38 2,239 3 2,879 34 2,913 6 5,080 - - - 15 15 49 - 19 19 141 0 52 - - 38 53 1 26 32 11 43 62 72 - - 486 323 607 453 274 854 309 1,669 - - - - - 3 2,699 - - - - - 0 - - - - 590 - - - 4 6 2 5 6 2 3,600 374 3,974 5,899 2,070 81 19 5,980 2,089
 6,409 122 6,531 6,947 76 7,023 2,057 23 2,080 43 2,742 15 15,868 180 16,048 Total 59 54,359 1,277 55,636 17 12,978 246 13,224 76 67,337 1,523 68,860 109 � � ::::, ;:; :::, '.2'.
:::, c-,.
c :::, -;:; ;::l � i:::i ;:; C, C';) (/J C, ;::,­ <';) ;:; C';) NUMBER OF INVALIDITY GRANTS AWARDED �y AGE, SEX, NUMBER OF TABLEJ I CONTRIBUTIONS (PAID AND CREDITE ) AND AMOUNT PAID 2011 P MALES I ' FEMALEd MALES AND FEMALES NO.OF PERSONS AMOUNT NO.OF PAID $ ( ) CONTRIBUTIONS CONTRIBUTIONS AMOUNT NO.OF PERSONS PAID AND I PAID ( $) PERSONS CREDITED 1 177 56,776 1 CONTRIBUTIONS PAID AND CREDITED AMOUNT PAID $ ( ) 63 - 144 - - 8,841 1 - 1 18,397 3 - - 1 1 177 63 160 499 120 98 I 56,776 I 8,841 33,922 115,833 I 6,759 I 1,039 AGE ...... ... 0 31 33 46 52 54 57 TOTAL PAID AND CREDITED - - 160 355 120 98 - - 1 2 1 1 5 - - 1 33,922 - 97,436 1 6,759 - - 1,039 733 139,156 3 3a4 I 84,014 8 1,117 223,170 -- -..ilEI,,,._.-,_.
--------- Gvycma National Insurance Scheme NUMBER OF SURVIVORS' PENSIONS BY AGE-GROUP AND TABLE K CONDITION OF AWARD 2017 CONDITION OF AWARD AGE GROUP WIDOWS WIDOWS WIDOWS WITH 45 YEARS OVER 45 CARE OF WIDOWERS ORPHANS TOTAL AND UNDER YEARS CHILDREN Under35 .

35 -39 1 40 -44 45 -49 50 -54 55 -59 60 -64 65 -69 70 -74 75 -79 80 -84 85 -89 90 -94 95 -99 .

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.

.

.

.

.

.

.

.

.

.

.

.

.

26 51 93 104 99 71 62 40 16 3 .

TOTAL 1 565 11 14 11 17 11 8 1 1 .

74 .

.

.

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.

.

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.

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0 5 .

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.
5 16 15 11 43 62 101 105 100 71 62 40 16 3 0 645 111 NUMBER OF FUNERAL CLAIMS PAID BY AGE-GROUP, EMPLOYMENT CATEGORY, SEX AND JNSURED STATUS OF THE DECEASED EMPLOYED SELF-EMPLOYED I I BOTH CATEGORIES 2017 TABLE L MALES FEMALES MALES AGE GROUP MALES SPOUSE INSURE DIRECTLY FEMALES DIRECTLY INSURED FEMALES SPOUSE INSURE DIRECTLY MALES & FEMALES SPOUSE DIRECTLY INSURE INSURED D TOTAL D TOTAL INSURED INSURED TOTAL INSURED INSURED TOTAL INSURED INSURED TOT� INSURED INSURED TOTAL INSURED D TOTAL SPOUSE DIRECTLY SPOUSE DIRECTLY SPOUSE DIRECTLY SPOUSE 16-20 .
.

21-25 11 .

11 4 .

4 - .... ....

I\.)

26-30 17 31 -35 9 36-40 18 41 -45 24 1 18 7 .

9 8 .

7 - 1 9 - 1 19 10 - 10 - .

24 17 .

17 1 - I .

- .

.

.


- - - 11 11 4 4 15 I 15 17 1 18 7 7 24 1 25 I 9 9 8 1 9 17 1 18 1 1 I 18 1 19 10 1 11 28 2 30 1 2 2 25 25 19 19 44 44 46-50 31 1 32 12 - 12 6 1 7 51 - 56-60 82 6 88 36 2 38 15 15 3 0 3 97 6 103 39 2 41 136 8 144 Over GO 678 TOTAL � '� G � <.
� ; ;::; c-, (1, (/) c-, ;::;- � � NUMBER OF SICKNESS SPELLS PAID BY AGE-GROUP, AND SEX OF RECIPIENTS EMPLOYMENT CATEGORY 2017 TABLE M EMPLOYED SELF -EMPLOYED BOTH CATEGORIES AGE GROUP MALES FEMALES TOTAL MALES FEMALES TOTAL MALES FEMALES TOTAL 16 -20 110 112 222 - 21 -25 1,307 1,055 2,362 19 - - - 110 112 222 19 1,326 1,055 2,381 26 -30 1,375 1,243 2,618 33 14 47 1,408 1,257 2,665 31 -35 1,221 1,128 2,349 58 28 86 1,279 1,156 2,435 36 -40 982 878 1,860 58 30 88 1,040 908 1,948 41 -45 1,003 748 1,751 88 40 128 1,091 788 1,879 46 -50 1,075 787 1,862 158 65 223 1,233 852 2,085 51 -55 1,177 625 1,802 189 54 243 1,366 679 2,045 56 -60 1,280 496 1,776 212 96 308 1,492 592 2,084 Over60 69 31 100 6 1 7 75 32 107 TOTAL 9,599 7,103 16,702 821 328 1,149 10,420 7,431 17,851 ..... ..... w 0 (,:: .
:i 5 ~· i::i ;::s (") "' C/) (") ;:,- � ;;:j � � .
�I GH!Jana � National Insmance Scheme NUMBER OF SICKNESS SPELLS PAID BY TABLE N DIAGNOSIS 2017 AND SECTOR diseases including and neoplasms nature of unspecified neoplasms of lymphatic tissues & haematopoietic Food Poisoning other Rickettsial Diseases CODE DIAGNOSIS and psychosis -central affeeting System gland lesions Diseases, and parasitic 1 2 5 6B 6C 7F 8 9 10A 11J 21B 21C 21D 22 25 26 27 27A 28 29 30 31 32 34 35 36 37 38 39 Tuberculosis of Respiratory Other Forms Tuberculosis, Dysentery, All forms Enteric Fever Other Infective Pox Chicken Typhus and Malaria Filariasis Other Infectious Malignant neoplasms, Benign neoplasms Disorders Allergic of thyroid Diseases mellitus Diabetes Anaemias Psychoneurosis -Vaseular Cataract Other Diseases Injury to Diseases of ear and mastoid Arteriosclerosis Hypertensive Diseases Diseases Acute Nasopharyng Acute Pharyngitis Influenza Pneumonia Bronchitis All other respiratory diseases Diseases Appendicitis Hernia of abdominal Diarrhoea Diseases cavity and Enteritis of Gallbladder of veins of veins of stomach and diseases of the eye the eye and bile ducts neFVous-system process and degenerative heart disease duodenum, except cancer itis (common cold) and tonsillitis and hypertrophy of tonsils and adenoids SUGAR NON- SUGAR BOTH CATEGORIES 1 l 3 - 2 - - 2 - 23 1 1 1 11 82 7 49 5 - 56 176 34 23 186 386 121 66 2 - 1 11 8 3 5 15 10 --- 415 2,623 68 10 4 99 28 - 23 138 343 654 13 72 16 162 4 18 - 23 110 175 5 9 4 12 115 624 135 46 64 43 19 34 112 432 25 1 1 3
 11 85 7 51 5 1 67 184 37 22 572 142 76 - 3,038 96 10 27 237 997 17 90 3 185 285 9 21 739 178 65 98 544 55 4 51 114 Guyana Naliona/ Insurance Scheme TABLE N (cont'd) NUMBER OF SICKNESS SPELLS PAID BY DIAGNOSIS 2017 AND SECTOR DIAGNOSIS of the Digestive System of male genital of female genital organs organs m child-birth and other skin infections of pregnancy, cellulitis of skin and the puerperiu and Rheumatism, Fever of bones and other organs of movement except Rheumatic of nerves and peripheral ganglia
 system ed and ill-defined diseases of the teeth CODE 40A 40B 42A 428 43A 43B 44 45 46 47 49A 49B 49C 49D 49E 50A 50B 50C 50D 50E 50G 50H Diseases Other diseases Diseases Diseases Normal Deliveries Complications Boil, abscess, Other diseases Arthritis Diseases Epilepsy Diseases Urinary Other diseases Other specifi Open fractures Closed fractures Complicated Dislocations Head Injury, Lacerated, Burns and scalds Other poisoning Other Violence Back Pain.Sprains, Strains Trauma TOTAL ( all sites) fractures (all sites) excluding SOJ SOK SOL SOM of urinary calculus ( all sites) (all sites and complications) open and contused fracture pelvis wounds (snake bites, stabs, gun shot and MVA) Ligament Injury NON- BOTH SUGAR SUGAR 23 88 280 194 71 37 19 374 12 19 33 403 310 342 9 2 127 2,627 4 1 - 34 78 4 1 1 12 56 1,145 1,567 101 71 200 593 81 41 12 3 7 16 153 122 20 - 3 67 1 2 107 240 59 82 CATEGORIES NUMBER OF SICKNESS BENEFIT MEDICAL CARE CLAIMS PAID BY TABLE O !
AGE GROUP SUGAR AGE-GROUP, SECTOR �ND SEX 2017 I NON-SlJJGAR I I BOTH SECTORS I I � � ... ... a, MALES 15 -19 20 -24 25 -29 30 -34 35 -39 40 -44 45 -49 50 -54 55 -59 4 57 77 91 79 139 202 286 559 4 7 FEMALESTOTAL MALES FEMA�ESTOTAL MALESFEMALES 1 I 597 �0 4 3 4 259 856 316 74 614 1,675 582 505 1,1 1,183 90 114 528 1,3 1,912 619 1,407 i 101 587 1,2113 1,800 666 1,235 171 631 1,120 1,751 770 1,152 239 905 1,2113 2,118 1,107 1,250 1,003 1, 17is 2,178 1,289 1,234 345 683 2,183 2,0�5 4,258 2,742 2,199 0 17 13 23 22 32 37 59 124 7 4 I I I 930 1,765 2,026 1,901 1,922 2,357 2,523 4,941 TOTAL 11 TOTAL 1,494 327 1,821 6,604 9,9�1 16,5558,098 10,278 18,376 0 "= <-=: !
::> 2i J � .

::i :::l I:) � i:5 ;::; '"" "' (/) '"" ;::,-"' :: Guyana National Insurance Scheme TABLE P NUMBER OF MATERNITY ALLOWANCES PAID BY AGE-GROUP, EMPLOYMENT STATUS AND BENEFIT DAYS 2017 EMPLOYED SELF-EM PLOYED BOTH CATEGORIES AGE GROUP NO.

OF CASES BENEFIT DAYS NO.

OF CASES BENEFIT DAYS NO.
OF CASES BENEFIT DAYS 16 -20 126 6,110 21 -25 1,117 51,921 - 5 - 126 6,110 312 1,122 52,233 26-30 1,317 58,498 18 943 1,335 59,441 31 -35 851 37,420 21 1,343 872 38,763 36-40 41-45 46 -50 51 -55 56-60 435 18,945 103 4,565 3 - - 222 - - 9 4 - - - 407 444 19,352 233 107 4,798 - - - 3 - - 222 - - TOTAL 3,952 177,681 57 3,238 4,009 180,919 117 0 Guya,w Nahoaal /nsurnnce Scheme TABLE Q NUMBER OF MATERNITY ALLOWANCES PAID BY BENEFIT DAYS AND AMOUNT 2017 BENEFIT DAYS 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 97-102 103-108 109-114 115-120 121-126 127-132 133-138 TOTAL 3 - 2 4 2 6 5 5 6 24 144 1,370 -- - - - - - 8 3 8 2 3 8 15 2,148 4 236 1 1 - - - - - - 1 - 4,890 - 10,647 31,780 24,780 64,068 101,430 129,456 86,985 574,950 3,867,468 39,116,796 - - - - - - 431,388 193,170 816,066 118,124 225,593 937,309 1,975,370 329,136,721 804,957 44,048,072 88,200 304,518 - - - - - - 323,928 - 4,009 423,416,666 118 Guyana National Insurance Scheme TABLER NUMBER OF INJURY SPELLS PAID BY AGE-GROUP AND SEX 2017 AGE-GROUP MALES FEMALES MALES & FEMALES Under 16 16 -20 21 -25 26 -30 31 -35 36 -40 41 -45 46 -50 51 -55 56 -60 Over TOTAL 1,272 72 1,344 119 Guyana National Insurance Scheme TABLES NUMBER OF INJURY BENEFIT CASES PAID BY BENEFIT DAYS, SEX & SECTOR 2017 BENEFIT SUGAR NON-SUGAR BOTH SECTORS DAYS 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 · 108 151-156 TOTAL - .

7 5 9 18 20 41 4 20 24 2 26 1 75 4 81 5 3 127 87 3 47 13 2 .

50 10 59 42 17 66 33 1 25 33 1 6 24 2 14 1 3 1 13 1 4 1 1 1 2 .

.

- .

5 26 13 68 24 22 12 34 17 15 14 6 1 3 1 1 .

9 6 8 6 2 4 1 .

1 .

1 1 .

.

.

.

.

.

.

- - 9 2 3 1 3 - 7 3 .

.

.

- 3 1 .

.


- 3 1 3 .

3 .

.

2 - .

- - 8 10 21 20 48 7 13 10 5 17 36 2 1 6 2 4 3 16 25 15 17 12 6 8 8 2 4 1 .

.

.

6 2 .

1 5 1 .

.

.

2 5 2 7 5 27 27 34 89 96 165 10 88 58 60 64 58 97 26 34 - - 30 15 15 38 88 33 50 23 20 13 6 5 5 2 .

3 1 4 5 4 1 4 .

1 3 .

.

.

.

1 1 .

3 1 .

.

.

.

.

29 32 36 96 101 175 94 60 60 64 59 102 27 34 30 18 16 42 93 37 51 27 20 14 9 5 5 2 .

1 1 .

3 1 1,344 1 .

.

.

1 .

- 1 - 3 .

.

.

- .

1 .

3 .
971 35 1,006 301 37 338 1,272 72 120 NUMBER OF INJURY BENEFIT MEDICAL CARE CLAIMS PAID BY AGE-GROUP, SECTOR AND SEX TABLET 2017 SUGAR NON SUGAR BOTH SECTORS AGE GROUP MALES FEMALES TOTAL MALES FEMALES TOTAL MALES FEMALES TOTAL ..... I\,) Below 16 16 -20 21 -25 26 -30 31 -35 36 -40 41 -45 46 -50 51 -55 56 -60 60 + TOTAL - - 14 13 20 23 72 59 32 17 8 - - - - - - 4 7 1 1 1 - - 14 13 20 23 76 66 33 18 9 - 7 14 6 9 17 11 13 13 30 11 - - 1 5 2 1 5 2 3 2 - - 7 15 11 11 18 16 15 16 32 11 - 7 28 19 29 40 83 72 45 47 19 - - 1 5 2 1 9 9 4 3 1 - 7 29 24 31 41 92 81 49 50 20 258 14 272 131 21 152 389 35 424 <.
:::: .

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:i ... ("> C1) (/) ("> ;:,- � � Guyana NaUonal lnsurnnce Scheme � � TABLE U NUMBER OF DISABLEMENT PENSIONS BY NATURE OF DISABILITY AND AMOUNT PAID 2017 NATURE OF DISABILITY NUMBER OF CASES TOTAL AMOUNT PAID($) and Strains Cuts and Lacerations Amputation Sprains Injury to Eye Head Injury Fractures Burns and Scalds Post Traumatic Paralysis Limbs or other parts of the body Dislocations Other Injuries of Joints, TOTAL 1 - - - - 2 - - 6 9 37,644 - - - - 34,961 - - 108,597 181,202 122 TABLE V NUMBER OF DISABLEMENT SEX GRANTS BY AGE-GROUP, AND AMOUNT PAID 2017 MALES FEMALES MALES & FEMALES AGE GROUP ...I.
I\) w 16 -20 21 -25 26 -30 31 -35 36-40 41 -45 46 -50 51 -55 56 -60 61 -65 ($) OF CASES NUMBER AMOUNT PAID NUMBER AMOUNT PAID NUMBER AMOUNT PAID OF CASES ($) OF CASES - - 619,648 - 818,251 - 196,279 - 1,419,725 - 749,346 - 868,764 1 620,896 - 2,033,694 - - - 4 2 1 4 3 46,004 4 3 6 - - 4 2 1 4 3 3 3 6 - ($) - - - - - - - - - - - TOTAL 26 7,326,603 1 46,004 27 619,648 818,251 196,279 1,419,725 0 749,346 '-!

:: 914,768 § 620,896 .

:::, < 2,033,694 !

:2.

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:i n "' 7,372,607 C/J C"') ;::;-- � "' a rw , Guyana National Insurance Scheme � ANALYSIS OF INDUSTRIAL TABLE W DEATHS BY CONDITION OF AWARD AND NATURE OF INJURY 2017 CONDITION OF AWARD NATURE OF INJURY NUMBER OF DEATHS WIDOWS WITH CARE OF CHILDREN WIDOWS OVER 45 YEARS ORPHANS TOTAL Other Injuries TOTAL 1 1 1 1 - - - - 1 1 124 GLLyana Nat'ional Insurance Schei/le NIS Chairman, Dr. Surendra Persaud with Mahendra Persaud, an employee who worl<ed for over 40 years at the entity.
Longest serving Secretary Ms: Beverly after serving the National Insurance Scheme for 40 years.

Scott being honored General Manager and Chairman of the NIS Board with 30 year awardees speaking at the 48th anniversary General Manager, Mrs. Holly Greaves of the National Insurance Scheme.

NIS &id's farewell l'<i>' Ms-.

D'c>r.,.en, Nelson, General N/l'ana·g·er Team 'Guy·ana at Cari<rom Social Se<!Ourity Games, 201'7 125 ---- ----- - - -- 1 126