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Benefits and Assistance
REQUEST FOR TENDER - EXTERNAL AUDITORS
6/14/2021 9:06:48 AM
The National Insurance Board (NIB) invites suitably qualified accounting firms to submit a proposal ...
6/14/2021 8:38:00 AM
The National Insurance Board invites suitably qualified consulting firms to submit a proposal to car...
REQUEST FOR EXPRESSIONS OF INTEREST
3/26/2021 12:20:32 PM
The National Insurance Board (NIB) is seeking suitably qualified companies to provide managed inform...
NAMING CEREMONY OF THE ORVILLE A. TURNQUEST BUILDING
3/25/2021 11:29:56 AM
Board Members, along with senior officials of NIB attended a ceremony to name the National Security ...
VIDEO - NIB Unsung Hero - Tami Francis
2/12/2021 4:50:33 PM
The National Insurance Board salutes unsung hero Tami Francis.
VIDEO - NIB unsung Hero - Quincy Arthur
2/11/2021 10:24:43 PM
The National Insurance Board salutes unsung hero Quincy Arthur.
Pension Payments 2021
Contribution Rates & Ceiling
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NIB Makes More Than 11 Thousand Unemployment Benefit Payments
4/12/2020 5:20:41 PM
The National Insurance Board has paid the claims of 11,662 persons who have lost their income as a result of COVID-19 amounting to just over $5.4 million for the first two-week payment of the unemployment benefit (UEB).
Recognizing the gravity and level of lay offs, the National Insurance Board worked with large employers to expedite UEB payments. NIB continues to encourage employers with 20 or more employees to contact the Director at
or the Financial Controller at
to establish a UEB arrangement which will allow their employees to be paid faster. This approach permits NIB to focus its efforts on working out arrangements with companies who have not filed their C10 contribution statements which delays the processing of applications of their former employees.
While much of the focus at NIB has been on the unemployment benefit, NIB continues to process thousands of ongoing sickness, maternity and industrial injury benefit claims. Additionally, new applications for retirement and other pensions continue to be processed.
With respect to the Government’s Unemployment Assistance (GovUEA) Programme, as at Thursday 8th April, 2020, NIB has approved some 2,188 applications and processed payments valued at $816,000 representing 2 weeks of unemployment assistance to eligible self employed persons.
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NIB Press Release On Report of 8th Actuarial Review of the National Insurance Fund
9/4/2009 12:00:00 AM
On September 2, 2009, Prime Minister the Right Honourable Hubert Ingraham, tabled in the House of Assembly the report of the 8th Actuarial Review of the National Insurance Fund, which was completed and formally presented to Government in 2008. The Report, which covers a review period from January 2002 to December 2006, gives a comprehensive assessment of the current and future finances of the National Insurance Fund, and reviews the state of the country’s primary social security system from a social standpoint, assessing the adequacy and relevance of the level of benefits now offered. The Review, like all others prior to it, makes recommendations designed to strengthen both the social and financial aspects of the Fund to ensure that National Insurance is able to meet its obligations well into the future. It takes a historical look at past trends and experiences as well as makes financial forecasts for the future. Demographic and financial projections up to 2066 have been presented.
Press Release By the National Insurance Board
7/23/2009 12:00:00 AM
A “business person in Fox Hill” suggested in a letter to the Editor (What’s Going on at NIB? – Tribune 23/09), that with the recent move of Inspectors from the National Insurance Board’s Fox Hill Local Office to its Jumbey Village Local Office in the Clifford Darling Complex, the Board’s operations in Fox Hill will close down. According to Greg Collie, Senior Manager for Compliance with responsibility for the Inspectorate, nothing could be further from the truth. He said the Fox Hill Local Office is not closing down.
Response to Tribune article
4/9/2009 12:00:00 AM
Derek Osborne, Consultant Actuary at the National Insurance Board is advising the public that though the 8th Actuarial Review of the National Insurance Fund, which includes long-term projections of the Fund and recommendations aimed at enhancing the Fund’s long-term sustainability as well as its ongoing relevance, has been completed, it has not yet been tabled in Parliament as is required by law.
NIB Can’t “Write Off” Employees’ Contributions
3/13/2009 12:00:00 AM
Algernon Cargill, Director of the National Insurance Board (NIB) is responding to a Tribune article (March 12, 2009) that suggested that members of the business community are in a state of “enormous consternation” over the Board’s current and ongoing process of updating its contribution records. Though NIB has addressed this issue in the recent past, the NIB Director wishes to say once again that the Board is obligated by the National Insurance Act to ensure that all employers have paid the amount of contributions due for each employee for each month, and that contributions submitted are accurately posted or deposited to the accounts of the appropriate employees.
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.
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