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NIB Host Inaugural Pensioners’ Day

NIB Host Inaugural Pensioners’ Day

1/23/2024 6:24:00 AM
On Thursday January 18th, 2024 NIB offices throughout the Bahamas hosted an inaugural Pensioners' Day. The initiative hosted from 10:00am-2:00pm welcomed some 900 pensioners for sharing key insights and tips. The main takeaways were to remind pensioners of the importance of verifying twice a year to remain eligible for the continuation of their pension benefit or assistance and to encourage pensioners to transition from in-person pension payment to payment by wire transfers for more efficient customer service.



At NIB's headquarters on Baillou Hill Road, the day was a fun-filled event for all as pensioners were treated to a hearty lunch, music, prizes and surprises. Each pensioner was presented with a special 50th Anniversary gift bag and t-shirt inscribed with, "The Promise Works!", - a reminder of the promise NIB made in 1974 to provide income replacement to eligible persons in time of need. 

Pensioners' Day was just the first of many events planned for 2024 in celebration of NIB's 50th Anniversary. For a complete listing of all events visit the NIB website at https://www.nib-bahamas.com/NIBs-Road-to-50th-Anniversary or stay connected via Facebook or Instagram. #PensionersDay2024 #THEPROMISEWORKS.

 

 

 

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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.