News

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.

All persons who receive monthly benefit or assistance payments are required to be verified - i.e., produce notarized documentation in evidence of their continuing eligibility for the payments.

Officials from the National Insurance Board recently conducted a site inspection of the proposed Ministry of National Security Building on John F. Kennedy Drive

Mr. Troy Smith, FLMI, HIA, has been appointed as Chairman of The National Insurance Board with effect from July 1, 2018. Mr. Smith has 29 years experience in the Life, Health, Disability and Annuity Insurance Industry, having served

The National Insurance Board advises recipients of Long-Term Benefits and Assistances that the 2018 increases to pensions will be paid in October. The increases (of up to 1.2%) will be paid retroactive to July of this year.

The amendments made to the National Insurance Act in 2010 introduced automatic biennial adjustments to pensions, grants and the wage ceiling. The adjustment to pensions and grants is based on the change in the retail price index in the two previous calendar years prior to the adjustment year.