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News
VIDEO - NIB Unsung Hero - Tami Francis
2/12/2021 4:50:33 PM
The National Insurance Board salutes unsung hero Tami Francis.
read more...
VIDEO - NIB unsung Hero - Quincy Arthur
2/11/2021 10:24:43 PM
The National Insurance Board salutes unsung hero Quincy Arthur.
read more...
VIDEO - NIB Unsung Hero Lawrencine Knowles
1/25/2021 5:06:02 PM
The National Insurance Board salutes unsung hero Lawrencine Knowles.
read more...
VIDEO - NIB Unsung Heroes Chairman Troy Smith
1/25/2021 3:35:17 PM
NIB Chairman Troy Smith salutes the unsung heroes of the National Insurance Board.
read more...
NIB Launches Training Course for Claims Officer Hopefuls
1/13/2021 12:25:20 PM
January 13, 2021 - NIB has launched an 8-week training programme for external candidates who were se...
read more...
PRESS STATEMENT: NIB EXTENDS PENSION VERIFICATION GRACE PERIOD
1/12/2021 3:42:09 PM
The National Insurance Board is pleased to advise that approval has been granted to extend the grace...
read more...
Latest Brochures
Pension Payments 2021
Contributions Table
Contribution Rates & Ceiling
Registration and Contributions
Unemployment Benefit
Survivors Benefit
Jitney Leaflet
Industrial Benefits
Poll
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:
275
 
All polls
Employers
The National Insurance programme is a partner with employers in advancing the economic security of workers of The Bahamas. When employers pay contributions on behalf of workers, they are released from the obligation of paying full wages when employees are off sick or on maternity leave, and they are excused from liability when job-related injuries and diseases happen.
Business Registration
Businesses (employers) and self- employed persons are required to register with NIB within 10 working days of commencing operations. The employer/ self-employed are assigned a unique nine (9) digit number for the payment and recording of contribution payments.
To register Employers must:
Obtain a business license from the Department of Inland Revenue
Complete and submit Form R1 to the National Insurance Board
Show NIB Smart Card, another form of government identification or voter’s card at the time of registration
Contributions Payments
Contributions are to be paid monthly, and should be received into the Board by the 15th day of the month following the month they were due. Click
here
to read more.
Online Payments Instructions for Royal Bank of Canada Customers
NIB Contributions Payment Options for Employers
Contributions Rates and Ceilings
Contributions Table
Employer Self Service Portal
For information on the Employer’s Self Service Portal Click
here
Letter of Good Standing
A Letter of Good Standing is issued by the National Insurance Board (NIB) verifying that an Employer’s account is current and that NIB has no objection with issuing a letter stating that the Employer does not owe NIB. To obtain a Letter of Good Standing, an Employer must:
Register the name of the business with NIB;
Have a current account with the correct rate of contribution payments. Contribution payments must be paid for all employees;
Download the Contribution Status Letter Form which may be found on the NIB website:
www.nib-bahamas.com
;
Email the completed form to
compliance@nib-bahamas.com
or submit form at a local NIB office.
Processing time is 5 (five) business days. If collecting on behalf of an Employer, an authorization letter is required.
Brochures and Forms
Self Employed Brochure
Business Registration Form
Letter of Good Standing
Form B80 Lay-off Certificate / Termination of Service
Contributions Forms
RSS Member Login
Pension Payments
B82 Unemployment Benefit Form
Contributions Table
Contributions Rates & Ceiling 2020
NIB Value Added Tax TIN
Self-Service Facility Instructions
Forms
Employers can request Letters of Good Standing
Brochures
Pay Contributions Online via RBC
Latest Publications
2017 Annual Report
2016 Annual Report
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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
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