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August 10, 2020
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August 10, 2020

Employers can apply for unemployment benefits on behalf of employees

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Posted: Monday, August 10, 2020. 2:54 pm CST.

By Aaron Humes: Some who are being denied entry for the Unemployment Relief Program find that it is because their employer is doing it for them.

A feature of the second round of relief is that employers current with Social Security can apply for wage subsidies to employees in the amount similar to the Unemployment Relief Program (URP) – six payments of $150 every two weeks.

Concerning the MSME grants and loans program, the latter is for capital support and does not require repayment, while the former for larger businesses is set at 3 percent interest through the National Bank of Belize  and repaid in three years.

Businesses may not necessarily be required to register but it is encouraged.

As for approvals, to eliminate the appearance of bias, all applicants will be reviewed by an evaluation Committee that starts work on August 22, then sent to an approval Committee and on to the Ministry of Finance.

Both Dr. Leroy Almendarez and Dr. Barnett paid tribute to their teams for working around the clock and through many requests.

For more, email belizemsp@covid19.bz

 

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