Latest News
An Important Update Regarding the NIB October 2025 Pension PaymentOctober 18, 2025The National Insurance Board (NIB) sincerely apologizes for the delay in the deposit of your October 2025 pension payment, which was expected on Friday, October 17, 2025.Read More...
It’s Our 51st Anniversary!October 8, 2025Today, we celebrate 51 years of service to the people of The Bahamas — and we’ve got a full day of celebrations planned!Read More...
Senior Manager- Financial Planning and AnalysisSeptember 12, 2025Applications are invited from suitably qualified candidates for the position of Senior Manager Read More...
Assistance Payment
Old Age Non-Contributory Pension, commonly called “Old Age Pension,” is a payment made monthly to needy Bahamian residents age 65 years or older, who do not meet the contribution conditions for Retirement Benefit.
Survivors’ Assistance is a monthly payment made to the needy surviving dependents of an uninsured deceased breadwinner. It is paid in the same priority order as Survivors’ Benefit.
Invalidity Assistance is a monthly payment made to an individual who has been certified by a medical practitioner to be permanently incapable of work due to illness.
Sickness Assistance is a weekly benefit paid to an individual who:
- is temporarily unable to work due to illness; and
- has paid at least one contribution, but not enough to qualify for Sickness Benefit.
In the case of all assistances, applicants must satisfy a stringent test-of-resources in order to qualify.
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