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REQUEST FOR EXPRESSIONS OF INTEREST
3/26/2021 12:20:32 PM
The National Insurance Board (NIB) is seeking suitably qualified companies to provide managed inform...
NAMING CEREMONY OF THE ORVILLE A. TURNQUEST BUILDING
3/25/2021 11:29:56 AM
Board Members, along with senior officials of NIB attended a ceremony to name the National Security ...
VIDEO - NIB Unsung Hero - Tami Francis
2/12/2021 4:50:33 PM
The National Insurance Board salutes unsung hero Tami Francis.
VIDEO - NIB unsung Hero - Quincy Arthur
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The National Insurance Board salutes unsung hero Quincy Arthur.
VIDEO - NIB Unsung Hero Lawrencine Knowles
1/25/2021 5:06:02 PM
The National Insurance Board salutes unsung hero Lawrencine Knowles.
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NIB Chairman Troy Smith salutes the unsung heroes of the National Insurance Board.
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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 to rapidly get Unemployment Benefit (UEB) payments to claimants, and is concluding agreements with several companies which would allow for the expedited payment of the UEB, for an initial four weeks, or longer if necessary.
Through these special payment arrangements, NIB will be paying almost 9,500 persons their UEB claims at an estimated cost of $4.5 million for the first 2 weeks of benefit once the payment agreements have been concluded, and the claims have cleared the audit process. The audit process is nearing completion so unemployment benefit payments should be dispersed early this week.
Arrangements are being made for some companies to pay the Unemployment benefit on NIB’s behalf to their eligible laid off workers in two-week segments. Many of these companies will receive a contribution payment credit based on the amount that they would have paid to eligible staff. NIB is also working with another 20 large companies to utilize this innovative payment method for UEB, which will add to the number of persons who will be paid quickly. NIB anticipates that 14,000 -15,000 claimants can be handled through these arrangements.
Remarking on this innovation, NIB’s Director, Dr. Nicola Virgill-Rolle, stated that “NIB’s current system processes between 6,000 to 7,000 unemployment claims per year, and we are anticipating a tripling of this volume within the first quarter of the year. With such an extraordinary number of claims coming all at once, Management has to deal with this unprecedented increase in an extraordinary manner if we were to pay as many people as possible in the shortest possible timeframe.”
It was noted that this innovative payment approach allows NIB to focus on those unemployment claims linked to companies which were not up to date with their contributions. NIB is working with these companies to update their C-10 postings to ensure that their former staff would have the necessary contributions on record to qualify for the unemployment benefit.
One of the eligibility requirements for the Unemployment Benefit is that the applicant should have worked 7 weeks in the last 13 weeks. Therefore, if recent C-10 forms have not been submitted, the employee may not meet this requirement. In those cases, NIB is pursuing these companies to submit the information on C-10 forms and the required B80 (Lay Off Certificate) for each employee. NIB assures customers that notwithstanding their former employers’ arrears, they can still be eligible for the unemployment benefit.
In all cases, Employees
must submit their claim applications to NIB
where they are simultaneously entered into the insurance administration system in order to be properly audited.
The Director also thanked the Staff, Management, and Executive Team of NIB for their rapid adjustment to the swift changes that had been made to the Board’s business, including the introduction of remote work and switch to mostly electronic applications.
NIB encourages other organizations to also make similar payment arrangements to enable to Board to pay persons quicker for the unemployment benefit. Companies interested in making such arrangements for the payment of UEB should send an email to:
For more information regarding NIB benefits, visit the NIB website under COVID-19 Updates link at: www.nib-bahamas.com/NIB-BAHAMAS-COVID-19-Alerts
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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 been closed to carry out COVID-19 sanitization. The limited staff operations at these locations will resume as soon as possible.
Online & Electronic Services
8/6/2020 10:54:56 AM
The public is reminded that NIB has suspended all face to face transactions with the exception of cheque collection.
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 streamline the implementation processes of the Government Unemployment Extension programme (GovUEBex). Since the National Insurance Board (NIB) launched its new online portal to administer the Programme, approximately $8.7 million in assistance has been disbursed to about 18,000 Bahamian workers.
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 the 14,002 eligible persons who have registered on the new portal. Funds will be available on recipients’ bank accounts within 1-3 days.
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 that the Government Unemployment Extension Programme will be extended to persons whose last day at work was Friday 13 March, 2020.
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 eligible individuals to register for the Government-Funded Unemployment Benefit Extension Programme (GovUEBex).
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