News

News

2025 Pension Payment Schedule

2025 Pension Payment Schedule

12/23/2024 1:13:12 PM
All persons who receive monthly benefit or assistance payments are required to be verified by submitting Form B. 75b if receiving a pension Benefit or Form B.75a if receiving a pension Assistance. For those not appearing in-person, forms, are required to be signed by a sanctioned authority as proof of continuing eligibility for the payments. Such verification must be effected at least twice each year during the pensioner's birth month and six months thereafter. Benefit / Assistance payments will be suspended if a pensioner fails to be verified with the prescribed time frames. If Benefit / Assistance is suspended for failure to be verified, you will experience a disruption in your payments. Visit the NIB website at www.nib-bahamas.com to download and print a verification form.



Click here to download

Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
NIB Officials Conduct Site Visit
8/27/2018 2:35:35 PM
Officials from the National Insurance Board recently conducted a site inspection of the proposed Ministry of National Security Building on John F. Kennedy Drive
NIB Welcomes New Chairman
NIB Welcomes New Chairman
8/23/2018 9:30:33 AM
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
Biennial Adjustments 2018
Biennial Adjustments 2018
7/11/2018 3:44:26 PM
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.
Biennial Rate Increases
Biennial Rate Increases
5/15/2018 11:40:20 AM
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.
NIB Registration and Contribution Status Letters
NIB Registration and Contribution Status Letters
2/2/2018 8:21:57 AM
As a part of the government’s “Ease of Doing Business” initiative, the National Insurance Board (NIB) is pleased to advise of upcoming changes in the application process for business registration and contribution status letters (letters of good standing).
NIB Salutes Retirees & Long Service Awardees
NIB Salutes Retirees & Long Service Awardees
11/22/2017 11:06:37 AM
The National Insurance Board salutes its retirees and long service awardees for their 10, 20, 25, 30 and 35 years of service...