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8/6/2020 10:54:56 AM
The public is reminded that NIB has suspended all face to face transactions with the exception of ch...
Millions Paid in Assistance as Government Rolls-out GovUEBex Programme
7/30/2020 11:54:01 AM
Millions in unemployment assistance payments continue to flow as the Government and its partners str...
First Payment Cycle for the GovUEBex programme
7/22/2020 2:26:25 PM
The first payment cycle for the GovUEBex programme will be processed on Thursday, July 23, 2020 for ...
GovUEBex PROGRAMME EXPANDS TO INCLUDE MORE ELIGIBLE PERSONS
7/21/2020 3:43:44 PM
The National Insurance Board, after consultation with the Ministry of Finance, is pleased to advise ...
Press Statement - NIB WILL LAUNCH NEW ONLINE PORTAL
7/17/2020 11:45:02 AM
On Monday, July 20, 2020 The National Insurance Board (NIB) will launch a new online portal for elig...
2020 Biennial Adjustments
7/1/2020 9:48:51 PM
The amendments made to the National Insurance Act in 2010 introduced automatic biennial adjustments...
Pension Payments 2020
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Registration and Contributions
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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.
Since February 2006, NIB has had relatively good success with its push for direct deposits; however, there remain several hundred pensioners who still collect payments from pay stations for various reasons. To increase the conversion rate to 100%, i.e., to ensure that all payments are direct deposited, NIB earlier this year solicited the assistance of the Bank of The Bahamas (BOB), who quickly came on board with a process for opening bank accounts at our New Providence Local Offices, to facilitate the smooth deposit of NIB payments. Since February of this year, more than 100 pensioners have taken advantage of BOB’s in-house presence at NIB pay stations in New Providence to open the required bank accounts.
With the measure of success with direct deposits, NIB made the decision that April 2010 would be the last month in which pensioners in New Providence would be able to collect cheques in person. In March and April during pension payment times, the affected pensioners were notified in writing and by word of mouth of this decision. Going forward, pension payments to individuals in New Providence will be made through direct bank deposits only, and over the next few months, the same strategy will apply in all islands where this option is convenient to pensioners, and where NIB does not make cash payments due to the absence of a Financial Institution and/or Post Office.
It is acknowledged that this firm change in our policy may create a problem for some who may still be without bank accounts; therefore, on Tuesday, May 25, Bank of The Bahamas will again have officers at NIB’s Jumbey Village Local Office to facilitate the opening of accounts. Cheques will only be issued to persons bringing in their bank account information, opening bank accounts with BOB on that day, or in cases where it can be confirmed that opening a bank account is not possible.
NIB recognizes that the Bank of The Bahamas may not be the preferred bank of all of its pensioners. In this regard, while the convenient option for bank account opening will exist at our Head Office on the specified date(s), claimants are free to choose any other bank, including the Post Office Bank with convenient locations throughout the island, and to bring in the account details to facilitate the May payment via cheque and all future payments via direct deposit.
To open an account with BOB, bring along a copy of your passport or birth certificate, and your National Insurance card. If you do not have a passport or birth certificate, Bank officials will use your National Insurance seniors/pensioners card as identification.
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Prescription Refills NPDP
8/30/2019 1:10:51 PM
The National Prescription Drug Plan wishes to advise its members that a “Hurricane Watch or Warning” has been issued. NIB will allow for early prescription refills if you have less than a two week supply of medication. To obtain a refill, please present your ACE Prescription Card to any participating pharmacy.
Temporary Closure of Berry Islands office Due to Pending Hurricane Dorian
8/29/2019 2:15:23 PM
The National Insurance Board wishes to advise the public that our BERRY ISLANDS office will CLOSE at 1:00 p. m. today, Thursday, August 29, 2019
EzPay for Short term Benefits
8/19/2019 9:25:33 AM
For Sickness, Maternity and Injury benefit claims with EzPay Direct Deposit, payments are made directly to your bank account.
NIB stands ready to work with delinquent employers
8/16/2019 1:28:18 PM
The National Insurance Board (NIB) has established a Serious Arrears Task Force to go after the millions in contributions arrears which are owed to NIB and which fund the pensions and other benefits of the workers of The Bahamas through the National Insurance Fund (the Fund).
Bimini Complex Contract Signing
7/16/2019 11:15:24 AM
The National Insurance Board is pleased to advise that the project to construct a new government office complex in Alice Town, Bimini, is being restarted with the signing of the final contract on June 11, 2019 with Pyramid Construction.
Pension Payment Schedule 2019
1/2/2019 11:40:10 AM
All persons who receive monthly benefit or assistance payments are required to be verified - i.e., produce notarized documentation in evidence of their continuing eligibility for the payments.
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