en-US Thu, 09 Sep 2010 01:07:55 GMT Thu, 09 Sep 2010 01:07:55 GMT PageTypes CMS System 60 Mon, 06 Sep 2010 10:58:48 GMT Embracing the Era of Action & Accountability – Understanding your role

]]> Fri, 23 Jul 2010 07:06:01 GMT In keeping with statutory requirement, the National Insurance Board (NIB) once again completed

]]> Wed, 23 Jun 2010 08:13:21 GMT Employers are reminded that summer students between the ages of 14 years and 24 years, who are employed for an aggregate of 10 weeks, between the period June 1 and August 31, in any year, are exempted from paying National Insurance contributions from their earnings.

]]> Wed, 16 Jun 2010 08:19:32 GMT July pension payments will not be made to pensioners who are overdue for verification

]]> Wed, 19 May 2010 07:34:10 GMT In February 2006, the National Insurance Board (NIB) began the initiative to have all long-term benefit and assistance payments deposited directly into pensioners’ bank accounts. Apart from the efficiency gained as a result of the direct deposit, NIB considered the initiative to be a significant step forward in ensuring that the actual process of paying pensions and assistance payments was more humane and individualized, as well as confidential.

]]> Wed, 12 May 2010 06:10:39 GMT The National Insurance Board and The Bahamas Pharmaceutical Association announced on Thursday that they are working together to successfully launch the National Prescription Drug Plan (NPDP) in August of this year.

]]> Thu, 04 Mar 2010 07:52:00 GMT Prime Minister the Right Honourable Hubert Ingraham this week approved the request from the National Insurance Board (NIB), to close out the interim phase and begin the next, permanent phase of the Unemployment Benefit with effect from June 1, 2010. His authorization is in accordance with the Unemployment Benefit Regulations which allow for the Minister with responsibility for National Insurance to advise on the effective date of the permanent phase of the approved program. This new phase will a

]]> Fri, 19 Feb 2010 06:26:32 GMT By Jimenita Swain ~ Guardian Senior Reporter ~ jimenita@nasguard.com: Early registration for the National Prescription Drug Plan is expected to begin next week Monday, said Minister of Health Dr. Hubert Minnis yesterday.

]]> Tue, 16 Feb 2010 11:46:44 GMT Who is Eligible? In the first phase of the National Prescription Drug Plan coverage has been extended to three specific groups. These groups include NIB pensioners, NIB invalids and children under 18 (or under 25 if in full- time education). For persons of these groups to be eligible for membership in the Plan, they should have been diagnosed with one or more of the 11 chronic diseases covered by the Plan.

]]> Fri, 19 Feb 2010 10:55:48 GMT By Matt Maura Marsh Harbour, Abaco, Bahamas - The National Prescription Drug Plan will provide free medications for 11 chronic, non-communicable diseases to 35,000 Bahamians in its initial stage, Tami Francis, Drug Plan Project Manager said Tuesday.

]]> Fri, 05 Feb 2010 10:03:02 GMT Last year, staff of the National Insurance Board (NIB) embraced the slogan “Excellent Customer Care Starts With ME!” At NIB’s 2010 Leaders Conference, held on Paradise Island in January, Director Algernon Cargill told leaders that the focus of this excellent care must not be limited to the external customer, but should be directed to the internal customers as well. To demonstrate his administration’s commitment to promoting the wellbeing of the internal customer – NIB staff – he announced a num

]]> Thu, 04 Feb 2010 11:10:26 GMT Top Managers and Customer Service staff of the National Insurance Board received a detailed briefing Tuesday on the National Prescription Drug Plan (NPDP) which is expected to be launched by April 2010.

]]> Sun, 17 Jan 2010 18:47:47 GMT Algernon Cargill, Director of the National Insurance Board (NIB), was one of the speakers at the 2010 Bahamas Business Outlook, held on January 14, at Wyndham Nassau Resort on Cable Beach in New Providence. His topic, “A Leading Company and a Company that leads,” shared with members of the business community and a wide range of professionals, important features of NIB’s newest benefits and outlined plans for strengthening the National Insurance system.

]]> Thu, 03 Dec 2009 06:36:29 GMT Algernon Cargill, Director of the National Insurance Board (NIB), is responding publicly to allegations of mis-management levied against the administrators of the country’s social security organization by Golden Gates M.P. Shane Gibson and

]]> Sat, 26 Sep 2009 10:36:12 GMT The National Insurance Board (NIB) wishes to address and correct “facts” advanced by the Nassau Institute in a letter to the Editor, published in the Nassau Guardian of Saturday, September 19, 2009, and referenced in a Tribune article on September 21, 2009. In that letter, the Nassau Institute incorrectly suggested that National Insurance is proposing an 84.1% increase in taxes

]]> Sat, 26 Sep 2009 10:21:11 GMT In 2005, the National Insurance Board (NIB) initiated agreements for the management of a small percentage of its Fund with third party financial advisors. The advisors managed $16 million of the total NIB’s portfolio of $1.6 billion. These advisors, as investment managers, were given full power and authority to invest their portfolios within the guidelines of the approved investment policy statements. They reported to the Board on a monthly basis relative to the valuation of the portfolio and al

]]> Wed, 16 Sep 2009 18:09:34 GMT On September 2, 2009, Prime Minister the Right Honourable Hubert Ingraham, tabled in the House of Assembly the report of the 8th Actuarial Review of the National Insurance Fund, which was completed and formally presented to Government in 2008. The Report, which covers a review period from January 2002 to December 2006, gives a comprehensive assessment of the current and future finances of the National Insurance Fund, and reviews the state of the country’s primary social security system from a so

]]> Wed, 16 Sep 2009 18:15:26 GMT A “business person in Fox Hill” suggested in a letter to the Editor (What’s Going on at NIB? – Tribune 23/09), that with the recent move of Inspectors from the National Insurance Board’s Fox Hill Local Office to its Jumbey Village Local Office in the Clifford Darling Complex, the Board’s operations in Fox Hill will close down. According to Greg Collie, Senior Manager for Compliance with responsibility for the Inspectorate, nothing could be further from the truth. He said the Fox Hill Local Offic

]]> Wed, 16 Sep 2009 18:12:40 GMT Derek Osborne, Consultant Actuary at the National Insurance Board is advising the public that though the 8th Actuarial Review of the National Insurance Fund, which includes long-term projections of the Fund and recommendations aimed at enhancing the Fund’s long-term sustainability as well as its ongoing relevance, has been completed, it has not yet been tabled in Parliament as is required by law.

]]> Wed, 16 Sep 2009 18:00:42 GMT Algernon Cargill, Director of the National Insurance Board (NIB) is responding to a Tribune article (March 12, 2009) that suggested that members of the business community are in a state of “enormous consternation” over the Board’s current and ongoing process of updating its contribution records. Though NIB has addressed this issue in the recent past, the NIB Director wishes to say once again that the Board is obligated by the National Insurance Act to ensure that all employers have paid the amou

]]> Thu, 27 Aug 2009 11:47:38 GMT As was reported in the local media recently, the National Insurance Board (NIB) is increasing its review of the contribution accounts of delinquent employers and self-employed persons in order to ensure compliance with the National Insurance Act (the Act).

]]> Thu, 10 Sep 2009 16:12:50 GMT As of March 2, 2009, all claims submitted for short-term benefits by employed persons (i.e., persons who have bosses) must be accompanied by an Employers Certification form (Med 4). The new Med 4 form is a single- sheet addition to the Med 1, Med 1A and Med 2 forms. It requires the employer to certify that an employee is/was/will be off from work for the period stated.

]]> Thu, 10 Sep 2009 16:01:11 GMT The National Insurance Board’s (NIB) primary objective, as mandated in the National Insurance Act, continues to be providing income-replacement for workers when they are unable to work. To deliver on this income-replacement promise to workers of The Bahamas, NIB collects contributions from self-employed persons and from employers on behalf of employees.

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