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Bimini Complex Contract Signing

Bimini Complex Contract Signing

7/16/2019 11:15:24 AM


Pictured for the contract signing are: seated(L-R): Nicola Virgill-Rolle, NIB Director; Geoffrey Stuart, NIB Deputy Chairman; Troy Smith, NIB Chairman; Christopher Harris, President, Pyramid Construction Ltd. 
Standing(L-R): Javonne Chisholm, Project Quantity Surveyor; Phaedra Mackey-Knowles, NIB Deputy Director Corporate Risk, Strategy Management and Investments; Charles Farquharson, Consultant, NIB Services; Heather Maynard, NIB Legal Officer; Sonia Gill, NIB Financial Controller; Sean Farrington, Project Consultant.


The National Insurance Board is pleased to advise that the project to construct a new government office complex in Alice Town, Bimini,is being restarted with the signing of the final contract on June 11, 2019 with Pyramid Construction. Director Virgill-Rolle and her Executive team worked closely with the Board to ensure that there will be close monitoring and oversight of this project to completion.The project is expected to be completed within a six-month timeframe.Chairman Troy Smith, expressed his good pleasure in the restart of the project and looks forward to the completion of the much needed government complex in Bimini. The new complex, which will house the Island Administrator’s Office, the Post Office, the Department of Immigration, the Customs Department, Magistrates Court and the NIB Local Office,is expected to open in early 2020.

READ FULL PRESS RELEASE...Press Release - Bimini Complex Contract signing.pdf



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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.
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.