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System Offline March 10, 2016

System Offline March 10, 2016

3/9/2016 11:15:31 AM
We're Modernizing our service to better serve you. While NIB is enhancing its services, our system will be offline for a period of two weeks, starting March 10. During this time, you will continue to receive existing benefits. 
Our new Insurance Administration System means:
      1. Faster Service
      2. Access to direct deposits
      3. Shorter wait times
      4. Easier to submit claims 

During this transition, most of our services will be carried out manually between March 10 and March 30, resulting in some delays. However, you will continue to receive benefits and assistance payments during this time. For all new NIB customers, please ensure that registration is completed before March 10th, as no new  registrants will be  processed during the transition period (March 10-14, 2016). 

We apologize for any inconvenience caused. We are here to help and answer questions. To find out more information contact us at: enhancements@nib-bahamas.com

 

 

 


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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.
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 –
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Direct Deposit
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