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NIB Recognized in 50th Independence Celebrations

NIB Recognized in 50th Independence Celebrations

5/9/2023 11:22:44 PM
The national tree, the Lignum Vitae, is planted at the National Insurance Board’s (NIB) Headquarters on Baillou Hill Road as one of the many initiatives in the Countdown to 50 calendar of events showcasing Bahamian culture, arts, music, cuisine, and history.

Participating in the planting ceremony, which took place on Friday April 28, 2023 to coincide with International Arbour Day, was Minister of State in the Office of the Prime Minister The Honourable Myles LaRoda, Chairman of NIB Philip McKenzie and NIB’s Director Sonia Gill.

The tree planting ceremony, organized by the National Independence Secretariat Committee, symbolizes NIB’s place as key pillar in the growth and enrichment of the nation’s citizens and NIB’s historical significance in the country. In 2024, NIB will celebrate its 50th year in Social Security Administration and its role of providing much needed Benefits and Assistances to insured Bahamians in time of need.

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NIB Compliance Press Release
3/11/2009 12:00:00 AM
As was reported in the local media recently, the National Insurance Board (NIB) is increasing its review of the contribution accounts of delinquent employers and self-employed persons in order to ensure compliance with the National Insurance Act (the Act).
The National Insurance Board
3/2/2009 12:00:00 AM
As of March 2, 2009, all claims submitted for short-term benefits by employed persons (i.e., persons who have bosses) must be accompanied by an Employers Certification form (Med 4). The new Med 4 form is a single- sheet addition to the Med 1, Med 1A and Med 2 forms. It requires the employer to certify that an employee is/was/will be off from work for the period stated.
Press Response on clear policy
2/2/2009 12:00:00 AM
The National Insurance Board’s (NIB) primary objective, as mandated in the National Insurance Act, continues to be providing income-replacement for workers when they are unable to work. To deliver on this income-replacement promise to workers of The Bahamas, NIB collects contributions from self-employed persons and from employers on behalf of employees.