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In Celebration of the Road to 50 Years: NIB's Senior Feeding Luncheon Initiative Returns!

In Celebration of the Road to 50 Years: NIB's Senior Feeding Luncheon Initiative Returns!

12/17/2023 9:15:31 PM
In the spirit of our 50th Anniversary, NIB was thrilled to revive a cherished tradition – Feeding Seniors in our communities. After a brief hiatus due to the challenges of 2020, our Seniors’ Luncheon initiative is back, stronger and more meaningful than ever.

A Feast of Love: NIB Feeds Over 1,300 Senior Citizens
This heartwarming initiative is a beacon of warmth and love, reigniting connections and spreading joy throughout The Bahamas. We have embarked on a mission to visit 10 Homes in New Providence, four (4) in Grand Bahama, and 12 other communities in the Family Islands. Our aim - to feed over 1,300 senior citizens this holiday season.

A Heartwarming Programme for Our Beloved Seniors
On this occasion, Senior officials and staff of NIB served a traditional Christmas meal to the residents of the Senior Homes. The programme commenced with joined hands for the blessing of the food followed by sweet sounds of Christmas songs. Our teams fellowshipped with the residents creating moments of joy and connection. Of course, the celebration was not complete without a slice of our special Anniversary cake.

Official Stop: Persis Rodgers Home for the Aged
For our official visit, our Director, Chairman, and Minister gathered at the Persis Rodgers Home for the Aged sharing words of inspiration and heartfelt wishes with the residents.
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NIB Press Release On Report of 8th Actuarial Review of the National Insurance Fund
9/4/2009 12:00:00 AM
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 social standpoint, assessing the adequacy and relevance of the level of benefits now offered. The Review, like all others prior to it, makes recommendations designed to strengthen both the social and financial aspects of the Fund to ensure that National Insurance is able to meet its obligations well into the future. It takes a historical look at past trends and experiences as well as makes financial forecasts for the future. Demographic and financial projections up to 2066 have been presented.
Press Release By the National Insurance Board
7/23/2009 12:00:00 AM
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 Office is not closing down.
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.