Dec 15, 2017 Last Updated 2:48 PM, Dec 12, 2017

The Minister of Finance & the Public Service

The Honourable Minister Audley Shaw CD, MP, Minister of Finance and the Public Service. He is a graduate of Northern Illinois University (NIU) with a Bachelor of Arts and Master of...

Minister of State in the Ministry of Finance and the Public Service

The Honourable Rudyard Spencer, CD, MP is Minister of State (Public Service), with the Ministry of Finance and Public Service. Minister Spencer studied Industrial Relations at Medg...

Minister of State in the Ministry of Finance and the Public Service

The Honourable Fayval Williams, MP, is Minister of State in the Ministry of Finance and the Public Service. Minister Williams is a Chartered Financial Analyst (CFA), and holds an M...

What is the bonding period associated with benefiting from a tuition refund?

The following is an Extract from GOJ Bonding Policy | Section 5.2 - Bonding Ranges and Period which applies to Public Sector Employees. It is noted however, that some entities overtime developed retrofitted internal bonding arrangements.

Refund Amount  Bond Period Required # of Guarantors 
 Below $300,000.00  No bond None 
 $300,000.00 - $499, 999.00  2 years' service  1
 $500,000.00 - $999,999.00  3 years' service  2
$1,000,000.00 - $1,999,999.00 4 years' service 3
$2,000,000.00 and over 5 years' service 3

There is also a requirement for applicants to acquire Guarantor(s).  Depending on the sum to be refunded the applicant will need guarantor(s) to also sign the bond agreement.

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