Get B58 Retirement - The National Insurance Board

The NIB Smart Card is a government issued identification that features the cardholder's National Insurance account number and a photograph of persons over the age of 16. The Smart Card is required for all persons whenever transacting business with the Board.

Contributions are paid at a rate of 5 percent, of the individual's average weekly earnings, based on his/her last year of employment.

Contributions are paid at a rate of 5 percent, of the individual's average weekly earnings, based on his/her last year of employment.

Its primary mission was and is to provide income-replacement in respect of sickness, invalidity, maternity, retirement, death, industrial injury/disease, and involuntary loss of income.

The benefits are paid in respect of Sickness, Maternity, Funeral, Retirement, Invalidity, Survivorship, Unemployment, Injury, Disablement and Death. The assistances are the Old Age Non-Contributory Pension, Invalidity, Survivors' and Sickness.

National Insurance Board of The Bahamas.

Benefit rate based on total contributions: A range of 15% - 60% of average insured wages or income. To Qualify: Must be younger than 65 years and have paid at least 150 weeks of contributions.