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1/17/2020 12:22:52 PM
The National Insurance Board (NIB) is seeking qualified candidates for the following job vacancies t...
Happy New Year From The National Insurance Board
12/31/2019 12:32:03 PM
There is nothing like a future secured. The National Insurance programme has been providing security...
Pension Payment Schedule 2020
12/13/2019 9:40:52 AM
Pension Payment Schedule 2020
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12/4/2019 10:55:52 PM
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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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NIB Celebrates 45 Years of Service
10/15/2019 10:13:10 AM
The National Insurance programme was established on December 12, 1972 with the signing into law of the National Insurance Act, 1972. The National Insurance Board (NIB), the organization charged with administering the social security programme, opened its doors officially on October 7, 1974. Its primary mission was and is to provide income-replacement in respect of sickness, invalidity, maternity, retirement, death, industrial injury/disease, and involuntary loss of income.
Early Pension Payment for October
10/11/2019 11:27:01 AM
The National Insurance Board wishes to advise the public that, with the exception of Moores Island, all other pension payments for the month of OCTOBER
Vacancy Notice Clerical Cordinator NPDP
10/3/2019 12:34:49 PM
Applications are invited from suitably qualified persons for the position of Clerical Coordinator I - National Prescription Drug Plan.
Group Life and Medical Insurance Brokerage
10/1/2019 12:21:23 PM
The National Insurance Board (NIB) is seeking suitably qualified Bahamian companies to provide Brokerage Services for the Group Life and Health Insurance plan for active and retired employees of the National Insurance Board and the Bahamas Mortgage Corporation.
Temporary Office Closure - Wulff Rd
9/26/2019 11:50:04 PM
Notice - Employers to Assist with Employee Records (For Businesses Affected by Hurricane Dorian)
9/25/2019 11:12:55 PM
Contributions Rates & Ceiling 2018
NIB Value Added Tax TIN
Self-Service Facility Instructions
Employers can request Letters of Good Standing
Pay Contributions Online via RBC
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