The National Insurance Corporation (NIC) is poised to enhance working conditions following successful negotiations between union representatives and NIC management.
In a series of constructive discussions, the NIC management and the National Workers Union (NWU) leadership, including shop stewards, have established new provisions within an industrial arrangement that will benefit both parties.
More than 140 workers across NIC’s operations nationwide will see a significant boost in their wages, with a ten percent (10%) general wage increase distributed over three years: 3% in the first year, 3% in the second year, and 4% in the third year. Back pay will be effective from January 2025, and efforts are underway to formalize a gratuity transfer.
The agreement also includes enhancements to industrial benefits, such as:
– Increased travel allowance
– Recognition for employees with lengths of service of 7, 10, and 20 years
– A framework for calculating Additional Duties, Allowance and compensation for delayed uniforms
In accordance with current legislation, arrangements are being made to sign the new industrial accord in the presence of the Labour Commissioner at the Department of Labour.
General Secretary Johann Harewood has expressed that both parties will continue to oversee the implementation of the agreement, which is set to be effective from January 1, 2025, to December 31, 2027.