B58 Retirement - The National Insurance Board 2025

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  1. Click ‘Get Form’ to open the B58 Retirement form in the editor.
  2. Begin by filling out the 'Particulars of Claimant' section. Enter your surname, other names, address, email, and telephone number accurately.
  3. Provide your date of birth and National Insurance number. Ensure these details match your official documents.
  4. In the 'Present (or last) Employer' section, include your employer's name, P.O. Box, and telephone number.
  5. Indicate your retirement date and complete the 'Benefit Payment Information' section by selecting when you wish your benefit to begin.
  6. Fill in your bank information for direct deposit. Make sure to specify if the account is joint and have the co-holder sign the Direct Deposit form.
  7. List any past employment since October 1974 in the provided space, ensuring all details are accurate for a smooth processing of your claim.
  8. Finally, review all entries for accuracy before signing the declaration at the end of the form.

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To register complete the Form R4 and submit at a local NIB office. For the registration process a government issued identification or voters card is required.
Contributions are paid at a rate of 5 percent, of the individuals average weekly earnings, based on his/her last year of employment. Contributions are due before June 30th of each year.
The National Insurance programme was established on December 12, 1972 with the signing into law of the National Insurance Act, 1972. The National Insurance Board (NIB), the organization charged with administering the social security programme, opened its doors officially on October 7, 1974.

People also ask

The National Insurance Board provides ten (10) cash benefits, four (4) cash assistances and one benefit-in-kind. The benefits are paid in respect of Sickness, Maternity, Funeral, Retirement, Invalidity, Survivorship, Unemployment, Injury, Disablement and Death.
Documents are submitted via the drop boxes at all NIB locations throughout the Bahamas or by email registration@nib-bahamas.com.
An Act to establish a system of national insurance, providing pecuniary payments in respect of sickness, invalidity, maternity, retirement and death of insured persons, and of social assistance for insured and other persons not qualifying for such payments as of right; to repeal and replace the Workmens Compensation
Retirement Benefit and Grant Benefit rate based on total contributions: A range of 30% - 60% of average insured wages or income depending on number of contributions paid and or credited. To Qualify: Must have paid at least 500 weeks of contributions.
Log in to the nib App Enter the email address registered to your policy and select Next. A verification code will be sent to you. Enter the code and select Next. Youll then be prompted to enable Touch ID or facial recognition and a 4-digit pin for easy login in the future.

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