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The contribution rate for Voluntarily Insured Persons is 5 percent of their average weekly insurable wage or income. This rate is based on their last year worked as an employed or self-employed person.
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 due before June 30th of each year.
National Insurance Board of The Bahamas.
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 due before June 30th of each year.
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Bahamas unemployment rate for 2021 was 13.24%, a 0.08% decline from 2020. Bahamas unemployment rate for 2020 was 13.32%, a 3.26% increase from 2019.
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A self-employed person shall pay contributions at the rate of 8.8% of his insurable earnings up to the insurable ceiling, based on his/her income in the previous calendar year.
National Insurance Board of The Bahamas.
Submitting the Claim The Claim for Unemployment Benefit (Form B-82) may be downloaded from www.nib-bahamas.com, or collected from any NIB Local Office or the Department of Labour. Submit your completed form and supporting documents as outlined above to your nearest NIB local office.
The RSS portal allows registrants to access their accounts to view their personal information, address, contact, contribution history and verify if in receipt of the retirement pension. Workers can keep track of their contribution status by accessing their contribution records via the Contribution History link.
Injury Allowance. Medical Expenses. Disablement Grant. Disablement Pension.

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