Home
Events
News
Community Gallery
Feedback
About NIB
Administration
Benefits and Assistance
General Benefits
Industrial Benefits
Assistance Payments
Registration
Contributions
Finance
The Appeals Process
Offences
The NIB Programme
Vision/Mission Statement
Historical Highlights
1978-1980
1981-1983
1984-1986
1987-1989
1990-1992
1993-1995
1996-1998
1999-2000
2001-2002
2003-2005
2006-2008
2009-2011
2012-Present
Community Gallery
NIB Act and Regulations
Official Gazette Prescription Drug Fund Act 2009
Individuals
Forms
Brochures
New STB Forms
Employment at NIB
Employers
Forms
Contributions Table
Employer Self Service
Forms
Registration
Contributions Table
Benefit & Assistance
Brochures
Publications
Flyers and Display Ads
Media
Contact
New Providence Offices
Grand Bahama Offices
Family Island Offices
NIB DrugPlan
Jobs
Public Tenders
Public Tenders
Benefits and Assistance
Home
»
News
»
NIB Provisions and Procedures for Pension Beneficiaries Care Facility Transition
News
Early Office Closure All NIB Offices
4/16/2025 3:49:09 PM
The National Insurance Board wishes to advise the public that all NIB offices will close on Thursday...
read more...
NIB and UPO Sign 2024- 2028 Industrial Agreement, Favorable for 450 Union of Public Officers Members
4/14/2025 1:42:32 PM
The National Insurance Board (NIB) is pleased to announce the official signing of the 2024- 2028 Ind...
read more...
Request for Proposal - General Insurance Portfolio
4/1/2025 3:19:47 PM
The National Insurance Board of The Bahamas (NIB) is seeing proposals from eligible insurance compan...
read more...
NIB is Partnering with the Department of Inland Revenue at their Financial Symposium
3/21/2025 5:21:36 PM
We are pleased to announce that The National Insurance Board of The Bahamas (NIB) is partnering with...
read more...
Public Notice - Temporary Office Closure - San Salvador Local Office
1/29/2025 4:10:57 PM
The National Insurance Board wishes to advise the public that the San Salvador Local Office will CLO...
read more...
Latest Brochures
Registration and Contributions
Unemployment Benefit
Survivors Benefit
Jitney Leaflet
Industrial Benefits
News
News
NIB Provisions and Procedures for Pension Beneficiaries Care Facility Transition
10/28/2024 3:34:37 PM
The National Insurance Board (NIB) is issuing this statement to clarify the provisions and procedures affecting pension beneficiaries who transition into care facilities. Our goal is to ensure that all beneficiaries are informed and supported regarding their pension entitlements during this significant life change.
Pension Continuation in Care Facilities
For pensioners transitioning to care facilities, NIB pension payments will continue without interruption, providing a stable income source.
Direct Payment Option for Care Facilities
Recognizing that transitioning to a care facility can incur new financial demands, as in some instances individuals incur a cost to reside there. In such cases, where costs are not covered directly by the pensioner or another party, the pensioner can request for their pension funds to be sent directly to the institution to cover their costs. This provision helps alleviate financial strain, ensuring that funds are efficiently allocated for the individual’s care needs.
Notification Requirement
We kindly remind all pensioners to inform NIB of their transition to a care facility. Prompt notification allows for necessary adjustments and ensures timely redirection of pension payments if requested.
Resources and Support
NIB encourages pensioners and their families to reach out for guidance regarding available options. Our customer service team is committed to providing assistance and answering questions related to pension management in the context of care facilities. For further information, please contact NIB’s customer service team at 502-1500.
We understand that the decision to move into a care facility can be challenging, and NIB is dedicated to offering continued support during this time. Our commitment remains to ensure that every pensioner has access to the resources they need for their well-being.
Media Contact: NIB Public Relations Department |Email:
nibpublicrelations@nib-bahamas.com
Tweet
Print
Send Email
Share
Comments (0)
Add Comment
Name
Comment
Enter the code from the picture
NIB and Yamacraw Constituency Leaders Insist “Knowledge is Key”
10/31/2023 10:26:56 PM
Saturday October 28, 2023 - In a powerful display of community engagement, the National Insurance Board took a spirited stride towards supporting breast cancer awareness.....
NIB Leads BTC’s Inknowvation “Business Need to Know” Panel Discussion
10/26/2023 9:32:09 PM
The National Insurance Board (NIB) is partnering with BTC’s InKnovation Master Class, this evening from 6pm-8pm, at Fusion Superplex....
Freeport Local Office Customer Appreciation Day Kicks Off NIB’s Road to 50th Anniversary Events
10/18/2023 10:55:54 PM
October 2, 2023 - The National Insurance Board (NIB) kicks off its 49th Anniversary celebrations with a Customer Appreciation day held at the sub-office in Freeport.....
NIB Family Attends 49th Anniversary Service of Praise and Thanksgiving
10/11/2023 6:30:24 AM
Sunday October 8, 2023 - The National Insurance Board (NIB) had a glorious time in praise and worship, celebrating the organization’s 49th Anniversary at Southland Cathedral Global Ministries in New Providence.
NIB Celebrates 49th Anniversary – Looking Ahead to Golden Jubilee
10/10/2023 4:15:40 AM
Nassau, Bahamas - On October 6, 2023, the National Insurance Board (NIB) marked its 49th anniversary. Celebrations took place throughout the Bahamas, with the traditional Customer Service Day for its patrons and cake-cutting ceremonies at all local offices for staff. At the NIB Headquarters on Baillou Hill Road, both staff and retirees convened for the unveiling of "The Road to NIB's 50th Anniversary" theme and logo. This special launch featured the announcement of winners from an internal competition that sought the best theme and logo to commemorate the upcoming golden jubilee.
Minister Sears makes Inaugural Visit to NIB
9/22/2023 6:49:12 PM
Nassau, Bahamas - Newly appointed Minister for Immigration and National Insurance, The Hon. Alfred Sears, KC, MP, made an.....
<
1
2
…
7
8
9
10
11
12
13
…
46
47
>
RSS Member Login
NIB Value Added Tax TIN
Know Your Contributions Facility Instructions
Employers can request Letters of Good Standing
Latest Publications
11th Actuarial Review
10th Actuarial Review
2021 Annual Report
2020 Annual Report
2019 Annual Report
2018 Annual Report
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