Benefits and Assistance
The Appeals Process
The NIB Programme
NIB Act and Regulations
Official Gazette Prescription Drug Fund Act 2009
New STB Forms
Employment at NIB
Benefit & Assistance
Flyers and Display Ads
New Providence Offices
Grand Bahama Offices
Family Island Offices
Government Unemployment Programme For Self-Employed Persons
4/8/2020 9:07:01 AM
Given the unprecedented impact of COVID-19 on the Bahamian economy, the Government of the Bahamas ha...
NIB Concludes Payment Arrangements With Several Companies to Expedite Unemployment Benefit (UEB) Payments
4/7/2020 6:33:32 PM
The National Insurance Board is pleased to advise that a number of the processes have been innovated...
Early Pension Payments Update
4/7/2020 9:12:24 AM
Public Notice - Early Pension Payments Update
NIB Pays First Tranche of Government UEA Payments
4/5/2020 5:08:42 PM
The National Insurance Board (NIB) is pleased to advise that it has made the first tranche of paymen...
Contact NIB Listing
4/3/2020 1:03:48 PM
See our full directory listing...
EARLY PENSION PAYMENTS
4/2/2020 9:19:36 AM
The National Insurance Board wishes to advise the public that pension payments for the month of APRI...
Pension Payments 2020
Contribution Rates & Ceiling
Registration and Contributions
Thinking back to your last customer service encounter with the National Insurance Board, please rate the service you received
Excellent - 92(33%)
Good - 76(27%)
Average - 43(15%)
Poor - 63(22%)
You have already voted for this poll!
Total votes count:
NIB Can’t “Write Off” Employees’ Contributions
3/13/2009 12:00:00 AM
NIB Can’t “Write Off” Employees’ Contributions
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.
He says, “There is no provision in the law that allows NIB to write off contributions that were outstanding for more than ten years, 20 years, or even 30 years. So, where we encounter missing periods or payments in a person’s contributions account, we are mandated by law to investigate and to resolve it. That means we either determine that there were indeed no contributions payable for the missing periods, or we determine that the employer or self-employed person actually failed to pay contributions for the periods. In the latter case, we must pursue payment. We have no other course of action available to us under the law.”
The NIB Director says that a few people seem to be having a problem grasping this concept of perpetual liability because it appears to go against conventional accounting practices or recommendations; he says that in the case of social security, the absence of a statute of limitation on arrears of contributions has universally been a vital and necessary ingredient in ensuring the financial protection of workers. Further, NIB pays out in excess of $150 million in claims annually. To continue to do this and not challenge the NIB Fund, will require us to continuously improve our collection efficiency and unfortunately. This means that employers or self employed persons who have chosen to not pay NIB contributions in the past, will be required to do so now and to settle arrears.
Says Mr. Cargill, “contributions represent one week of a person’s work life. Social Security – in this case National Insurance – must employ every tool at its disposal to ensure that every week that a person works is duly accounted for, because one contribution can mean the difference between a sick, invalid or aged worker qualifying for a benefit or being disallowed. We, therefore, have to ensure that every eligible contribution is collected and accounted for and when we are confronted with situations that present a conflict, particularly in cases where it appears that NIB’s own record keeping may not be current, we then have to make a commonsense and practical decision based on the contribution history of the employer and/or self employed person. In every case, we make the decision that benefits the employee and it is certainly not the intent to create any state of “enormous consternation.”
“But, NIB does not have the right to discount a person’s entitlement and that’s exactly what we would be doing if we were allowed to write off arrears of contributions.”
With regard to the suggestion that NIB set up a system where employees could verify their contributions, Mr. Cargill says that such a system was put in place in 1972 with the enactment of the National Insurance Act.
He says, “The National Insurance Act always provided employees the right to request from their employers proof of contributions; failing that, employees could go in to any NIB Local Office, at any time, to request an update on their contribution accounts.
“The National Insurance Board about two years ago took this even further with the establishment of the KYC (Know Your Contributions) Unit. KYC allows persons to come in and obtain, in a matter of minutes, a ‘contribution statement’ that contains the history of all their contributions.”
We at the National Insurance Board employ a common sense approach when we look at every employer. Obviously, if an employer has a missing period and has had a history of successive payments, it could be that there is an internal issue and so this and all of the facts are considered when we evaluate every case.
Cargill further states that there are no instances where contribution status letters are denied, so he cannot understand the enormous consternation referenced in the Tribune article.
“It is not NIB’s policy to intentionally delay normal business practices,” he says. “In fact, we have adopted a policy of providing a qualified letter, as well as encouraging employers to enter payment agreements to ensure that normal business activity is not interrupted.”
Enter the code from the picture
Office Hours - New Providence
3/24/2020 1:00:00 AM
The public is advised that all NIB offices in New Providence will open at 9:00 a.m.
Early Office Closure Family Island Offices
3/23/2020 10:00:35 PM
The public is advised that all local offices in Grand Bahama and the Family Islands....
THE GOVERNMENT UNEMPLOYMENT ASSISTANCE FOR COVID-19 (GOV-UEA - TOURISM PACKAGE)
3/23/2020 9:43:03 PM
The Government of The Bahamas, in collaboration with the National Insurance Board (NIB), is responding to bring financial support to self-employed Bahamians in the tourism sector whose income sources have been disrupted by COVID-19.
NIB Contribution Payment Options for Employers
3/23/2020 3:45:28 PM
Employers have multiple options to pay their NIB Contribution payments. Select the payment option that works best for you....
NIB’s ELECTRONIC SERVICES TO SAFELY SERVE CUSTOMERS
3/22/2020 2:52:03 PM
All NIB Offices are operational. However, all face to face services have been suspended, with the exception of cheque payments and persons collecting cheques.
COVID-19 Connect With Us
3/22/2020 12:09:37 PM
COVID-19 Connect with us, our staff stands ready to assist.
B82 Unemployment Benefit Form
Government-Funded Unemployment Assistance for Sel...
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
2016 Annual Report
2015 Annual Report
2014 Annual Report
2013 Annual Report
2012 Annual Report
9th Actuarial Review
2011 Annual Report
2009 Annual Report
2010 Annual Report
2008 Annual Report
2005 SSRC Report
8th Actuarial Review
7th Actuarial Review