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
Employer Self Service
Benefit & Assistance
Flyers and Display Ads
New Providence Offices
Grand Bahama Offices
Family Island Offices
Benefits and Assistance
Pension Verification Form Distribution
4/28/2022 9:20:57 AM
Bid for General Insurance Portfolio 2022 - 2025
4/6/2022 4:25:00 PM
The National Insurance Board (NIB) invites suitably qualified firms to submit bids for the comprehen...
Tenders Grand Bahama - NIB FPLO Complex
4/6/2022 4:15:51 PM
The National Insurance Board (NIB) invites suitably qualified firms in the Bahamas to submit a propo...
Pension Payment March 2022
3/22/2022 10:17:41 AM
The National Insurance Board wishes to advise the public that pension payments for the month of Marc...
PUBLIC NOTICE: METAL ROOF REPAIRS (Extended Deadline)
3/14/2022 8:07:45 AM
The National Insurance Board (NIB) is seeking a suitably qualified company to carry out repairs to t...
NIB Aims to Resolve Industrial Agreement with PMU
3/7/2022 11:15:22 AM
The Board of Directors and Executive Management of The National Insurance Board (NIB) have taken due...
Pension Payments 2021
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 - 64(23%)
You have already voted for this poll!
Total votes count:
SMART CARD RENEWAL
9/1/2021 3:06:01 PM
Enter the code from the picture
Changes to NIB Contributions and Regulations
12/30/2010 4:39:00 AM
Higher Insurable Wage Ceiling Contributions (for both the employer and the employee) in respect of the employee who makes more than $400 per week has increased. While the rate of contributions remains the same, the new wage ceiling is $500 per week/$2,167 per month. For weekly paid persons, the first salary deduction at the higher rate will be for the pay period in which January 3 falls.
11/24/2010 5:20:00 AM
The National Insurance Board (NIB)began operations in October 1974, to ad-minister a social security system that wouldprovide workers and their families withbasic financial protection against the lossof employment earnings in the event ofsickness, childbirth, retirement, invalidity,death, workplace injury (1980), and un-employment (2009). Under NationalInsurance, insured contributors are coveredfor three main types of contingencies –
NIB Notice Summer Students Exemption
6/23/2010 5:02:00 AM
Employers are reminded that summer students between the ages of 14 years and 24 years, who are employed for an aggregate of 10 weeks, between the period June 1 and August 31, in any year, are exempted from paying National Insurance contributions from their earnings. The employer, however, is required to pay contributions of two percent (2%) of the students’insurable wages in respect of their summer earnings.
NIB New Contribution Rate to take effect June 1, 2010
5/27/2010 4:55:00 AM
For the first time since the National Insurance programme started in 1974, the rate of contribution payments will be increased for employed persons. Beginning June 1, 2010, the rate will be increased by 1% – one half percent (.50%) to be paid by the employer, and one-half percent (.50) to be paid by the employee. This means that the current rate of 8.8%, shared 5.4% for employer and 3.4% for employee, will change to 9.8%, shared 5.9% for employer, and 3.9% for employee. This translates to a maximum weekly increase of $2 for the employer and $2 for the employee.
5/19/2010 7:30:11 AM
In February 2006, the National Insurance Board (NIB) began the initiative to have all long-term benefit and assistance payments deposited directly into pensioners’ bank accounts. Apart from the efficiency gained as a result of the direct deposit, NIB considered the initiative to be a significant step forward in ensuring that the actual process of paying pensions and assistance payments was more humane and individualized, as well as confidential.
Joint Statement by NIB and The Bahamas Pharmaceutical Association
5/12/2010 6:05:32 AM
The National Insurance Board and The Bahamas Pharmaceutical Association announced on Thursday that they are working together to successfully launch the National Prescription Drug Plan (NPDP) in August of this year.
RSS Member Login
B82 Unemployment Benefit Form
Contributions Rates & Ceiling 2020
NIB Value Added Tax TIN
Self-Service Facility Instructions
Employers can request Letters of Good Standing
2017 Annual Report
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