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NIS hopes to increase number of contributors

The National Insurance Scheme (NIS) is looking to increase the number of  contributors by 15 per cent this fiscal year. 
 
This would result in an additional 57,384 persons registered with the Scheme.
 
This information is included in the 2018/2019 projections in the Annual Performance Report published by the Ministry of  Labour and Social Security.
 
It revealed that 49,899 new persons were registered to the Scheme in the last financial year.
 
This represented a decrease of  6.68 per cent when compared to the previous year.  
 
According to the report, the NIS is projected to disburse $25 billion in benefits and $562.73 million in the NIS Health Plan for Pensioners benefits. 


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