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NIB Urges Employers to File C10 Contribution Statements For Quick Benefit Payments
4/15/2020 3:18:51 PM
The National Insurance Board (NIB) is appealing to employers who have not recently filed their contributions statements (C10s) and have laid off staff to file the C10s as soon as possible so that the Unemployment Benefit (UEB) can be paid quickly. For the last year, NIB has stepped up its enforcement efforts to ensure that employers file their contribution statements and make their NIB payments. At this point, the most important issue is for NIB to have the C10 statements so that insurable wages can be calculated and credited to the employees’ accounts.
To date, NIB was able to quickly process over 12,000 Unemployment Benefit (UEB) applications related to COVID-19. However, there are another 2,000 claims in process which have been stalled because of the lack of C10 information. Without the C10 forms which contain the wage information, NIB cannot accurately determine a person’s insurable wage which is used to calculate the unemployment benefit. These claims may also be deemed ineligible by NIB’s claims system as the person may not have sufficient contributions to meet the requirements without the additional months of C10 data added.
NIB is urging all employers who are not up to date with their C10 statements to file them immediately using the MS Excel C10 spreadsheet found on NIB’s website (see Library Tab). This process allows the MS Excel C10s to be uploaded to NIB’s system quickly versus being manually keyed in when paper, handwritten or scanned C10 forms are submitted. Employers, who are able to do so, are encouraged to register with the Employer Self Service portal, via
ESS@nib-bahamas.com
. The ESS portal allows C10s forms to be automatically uploaded to the system and immediately credited to their employees’ accounts allowing for faster processing and payment of UEB claims.
NIB has implemented an innovative work around process for employers with 20 or more employees to pay UEB to their employees quickly. Employers interested in this solution should make contact with the Director at
director@nib-bahamas.com
or the Financial Controller at
Sgill@nib-bahamas.com
so that NIB can use this alternative process to pay UEB to affected employees.
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Public Notice - Temporary Office Closure - Fox Hill Sub Office - 23rd-January-2025
1/23/2025 3:31:37 PM
Public Notice - Temporary Office Closure Fox Hill Sub Office
NIB and PMU Sign 2025- 2029 Industrial Agreement, Favorable for 174 Managers, In Record Time
1/17/2025 12:26:19 AM
The National Insurance Board (NIB) is pleased to announce the official signing of the 2025- 2029 Industrial Agreement between NIB and the Public Managers Union (PMU). This momentous occasion represents months of discussions, careful deliberation, and the successful culmination of negotiations.
NIB Responds to Potential National Sick-Out, Reaffirms Commitment to Service and Negotiations
1/12/2025 9:10:09 PM
The National Insurance Board (NIB) has been informed of a potential national sick-out involving members of the Union of Public Officers (UPO) over the next three days as a result of stalled negotiations.....
2025 Pension Payment Schedule
12/23/2024 1:13:12 PM
2025 Pension Payment Schedule
National Insurance Board Holiday Hours 2024 -2025
12/18/2024 11:19:20 PM
The National Insurance Board wishes you a Merry Christmas and a Happy New Year.....
Pension Payment Update: Resolving System Issue for Affected Customers
11/21/2024 1:58:33 PM
The National Insurance Board (NIB) wishes to inform the public, particularly our valued pensioners, that due to an unexpected issue with our insurance management system, there has been a delay in the processing of pension payouts affecting approximately 1% of pensioners, or 400 individuals.
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