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VIDEO - NIB Unsung Hero Lawrencine Knowles
1/25/2021 5:06:02 PM
Lawrencine Knowles salutes the unsung heroes of the National Insurance Board.
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VIDEO - NIB Unsung Heroes Chairman Troy Smith
1/25/2021 3:35:17 PM
NIB Chairman Troy Smith salutes the unsung heroes of the National Insurance Board.
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NIB Launches Training Course for Claims Officer Hopefuls
1/13/2021 12:25:20 PM
January 13, 2021 - NIB has launched an 8-week training programme for external candidates who were se...
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PRESS STATEMENT: NIB EXTENDS PENSION VERIFICATION GRACE PERIOD
1/12/2021 3:42:09 PM
The National Insurance Board is pleased to advise that approval has been granted to extend the grace...
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Pension Payment Schedule 2021
1/7/2021 10:53:56 AM
Pension Payment Schedule 2021
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Press Statement - Recipients of Long Term (Pension) Benefits Urged to Verify for Benefit Continuation
12/21/2020 9:15:00 AM
The National Insurance Board wishes to advise the public that all persons eligible for long-term or ...
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News
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Bahamas Weekly Article - Phase I of National Prescription Drug Plan
2/11/2010 10:37:00 AM
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.
Mrs Francis said eight million dollars has been “set aside’ by officials of the National Insurance Board for Phase I of The Plan.
Please Click here to read the full text from the Bahamas Weekly Online.
Photo Caption: Tami Francis, Project Manager for the National Prescription Drug Plan, (right) answers questions following a town meeting held in Marsh Harbour, Abaco, Tuesday, February 9, 2010. Developers worked on The Plan for three years. (BIS photo/Patrick Hanna)
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Explanation-of-the-Key-Features-of-the-Amendments-to-the-National-Insurance-Benefits-Contributions-Regulation
11/24/2010 5:20:00 AM
The National Insurance Board (NIB)began operations in October 1974, to ad-minister a social security system that wouldprovide workers and their families withbasic financial protection against the lossof employment earnings in the event ofsickness, childbirth, retirement, invalidity,death, workplace injury (1980), and un-employment (2009). Under NationalInsurance, insured contributors are coveredfor three main types of contingencies –
NIB Notice Summer Students Exemption
6/23/2010 5:02:00 AM
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. The employer, however, is required to pay contributions of two percent (2%) of the students’insurable wages in respect of their summer earnings.
NIB New Contribution Rate to take effect June 1, 2010
5/27/2010 4:55:00 AM
For the first time since the National Insurance programme started in 1974, the rate of contribution payments will be increased for employed persons. Beginning June 1, 2010, the rate will be increased by 1% – one half percent (.50%) to be paid by the employer, and one-half percent (.50) to be paid by the employee. This means that the current rate of 8.8%, shared 5.4% for employer and 3.4% for employee, will change to 9.8%, shared 5.9% for employer, and 3.9% for employee. This translates to a maximum weekly increase of $2 for the employer and $2 for the employee.
Direct Deposit
5/19/2010 7:30:11 AM
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.
Joint Statement by NIB and The Bahamas Pharmaceutical Association
5/12/2010 6:05:32 AM
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.
JOINT STATEMENT BY THE NATIONAL INSURANCE BOARD AND THE BAHAMAS PHARMACEUTICAL ASSOCIATION
5/12/2010 4:49:00 AM
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.
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