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Pension Payment for October 2020
10/20/2020 8:41:44 AM
The National Insurance Board wishes to advise the public that pension payments for the month of Octo...
National Prescription Drug Plan (Celebrating 10 Years)
10/1/2020 1:47:33 PM
The National Prescription Drug Plan is one of several initiatives by the Government of The Bahamas.....
Pension Cheque Payment for August 2020
8/20/2020 9:26:45 AM
The National Insurance Board wishes to advise the public that pension payment by cheque for New Prov...
TAR Stadium Service List August 18, 2020
8/18/2020 9:31:00 PM
The National Insurance Board wishes to advise the public that the Thomas A. Robinson (TAR) Stadium w...
NIB Administered Unemployment Programmes
8/17/2020 2:18:43 PM
The National Insurance Board (NIB) wishes to advise on the progress of the National Insurance Unempl...
Notice: Office closures and benefit cheque collection in New Providence and Grand Bahama
8/12/2020 2:58:29 AM
The public is advised that the NIB Headquarters in New Providence and Freeport office locations have...
Pension Payments 2020
Contribution Rates & Ceiling
Registration and Contributions
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Gregory Collie Gets NIB Directors Award
2/5/2010 9:40:17 AM
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 number of initiatives, including the establishment of a “Director’s Award” which would annually honor those individuals whose outstanding achievements, dedication, leadership, customer service and expertise would have made a significant impact on the organization and its mission over the previous year.
Upon announcing the initiative, Director Cargill presented the first ever Director’s Award to Gregory Collie, Senior Manager responsible for the Special Compliance Unit, hailing him as a consummate team player, whose stewardship and commitment to excellence advanced the objectives of NIB in 2009.
Collie led the reorganization and consolidation of the Compliance and Special Compliance Units into the Inspectorate unit, which was NIB’s first initiative to centralize those key processes. This effort produced excellent results, inclusive of record contributions for 2009 of some $160.3 million. He also led the initiative to increase employer compliance and in cases where there was unwillingness to settle NIB outstanding contributions, recommendation of the prosecution of delinquent employers.
Greg Collie has been employed with NIB since September 22, 1986, when he joined the ranks of Inspector. On January 1, 1990, he was promoted to Assistant Manager of the Inspectorate; on April 8, 1995, he was promoted to Manager of Compliance; on December 1, 2004, he was promoted to Senior Manager assigned to the Wulff Road Local Office; from January 1, 1999 to January 1, 2000, he managed the Grand Bahama Offices as Regional Manager.
Director Cargill thanked Collie for his work ethic, passion, dedication and persistence. He also encouraged other NIB leaders to continue to strive for excellence.
Photo Caption: Greg Collie, Senior Manager in charge of the National Insurance Board’s Special Compliance Unit, was awarded the first ever Director’s Award at the start of the 2010 Leaders Conference in January. He is pictured (center) flanked by Algernon Cargill, Director and Richenda King, Vice-President for Human Resources and Training.
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Response to Tribune article
4/9/2009 12:00:00 AM
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.
NIB Can’t “Write Off” Employees’ Contributions
3/13/2009 12:00:00 AM
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 amount of contributions due for each employee for each month, and that contributions submitted are accurately posted or deposited to the accounts of the appropriate employees.
NIB Compliance Press Release
3/11/2009 12:00:00 AM
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).
The National Insurance Board
3/2/2009 12:00:00 AM
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.
Press Response on clear policy
2/2/2009 12:00:00 AM
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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