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<h1>Social Security Programs Throughout the World: The Americas, 2003</h1>
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<h1>Bahamas</h1>
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<div class="exchangeRate">Exchange rate: U.S.$1.00 equals 1 Bahamian dollar (B$).</div>
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<h2>Old Age, Disability, and Survivors</h2>
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<h3>Regulatory Framework</h3>
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<p><span class="h4">First laws:</span> 1956 (old-age noncontributory pensions) and 1967 (public assistance for disability).</p>
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<p><span class="h4">Current law:</span> 1972 (national insurance), with 1999 amendment.</p>
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<p><span class="h4">Type of program:</span> Dual social insurance and social assistance system.</p>
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<h3>Coverage</h3>
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<p><span class="h4">Social insurance:</span> Employed persons, self-employed persons, and the voluntarily insured.</p>
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<p><span class="h4">Social assistance:</span> Residents who do not qualify under the National Insurance Act.</p>
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<h3>Source of Funds</h3>
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<h4>Social insurance</h4>
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<p><span class="h5">Insured person:</span> 1.7% of earnings, if weekly insurable earnings are under B$60; 3.4% for earnings above B$60. The self-employed contribute 8.8% of earnings if eligible for the work injury program; 6.8% if not eligible.</p>
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<p><span class="h5">Employer:</span> 7.1% of payroll, for weekly insurable wages under B$60, 5.4% for wages above B$60. (0.75% of the employer's contribution is earmarked for work injury benefits.)</p>
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<p><span class="h5">Government:</span> None.</p>
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<p>Maximum earnings for contribution and benefit purposes are B$20,800 a year.</p>
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<p>All of the above contributions also finance cash sickness, maternity, and work injury benefits (except for certain categories of self-employed persons).</p>
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<h4>Social assistance</h4>
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<p><span class="h5">Insured person:</span> None.</p>
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<p><span class="h5">Employer:</span> None.</p>
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<p><span class="h5">Government:</span> Total cost of all income-tested allowances in force prior to October 1974.</p>
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<h3>Qualifying Conditions</h3>
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<h4>Social insurance</h4>
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<p><span class="h5">Retirement pension:</span> Age 65 with 150 weeks of paid contributions. Employees who were over age 35 in 1974 (self-employed over age 35 in 1976) receive a <span class="nobr">25-week</span> credit for each year that they were over age 35, up to a maximum of 600 weeks, provided that contributions were paid for 150 weeks during the first 3 years that the program was in operation.</p>
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<p>Entitlement ceases if the insured person earns B$200 or more a week.</p>
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<p>Benefit is paid locally for insured persons who live abroad.</p>
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<p><span class="h5">Disability pension:</span> Under age 65 and permanently incapable of any work. Employees who were over age 35 in 1974 (self-employed over age 35 in 1976) receive a <span class="nobr">25-week</span> credit for each year that they were over age 35, up to a maximum of 600 weeks, provided that contributions were paid for 150 weeks during the first 3 years that the program was in operation.</p>
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<p><span class="h5">Survivor pension:</span> The insured person was a pensioner or had made 150 contributions at the time of death.</p>
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<p><span class="h5">Funeral grant:</span> For the death of an insured person or the spouse of an insured person. The insured must have at least 50 paid contributions.</p>
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<h4>Social assistance</h4>
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<p><span class="h5">Noncontributory old-age pension (income-tested):</span> For resident retired workers aged 65 or older who do not qualify under the National Insurance Act.</p>
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<p><span class="h5">Disability assistance (income-tested):</span> For residents who are assessed as disabled and who do not qualify under the National Insurance Act.</p>
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<p><span class="h5">Survivor assistance (income-tested):</span> If the deceased did not qualify under the National Insurance Act.</p>
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<h3>Old-Age Benefits</h3>
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<h4>Social insurance</h4>
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<p><span class="h5">Retirement pension:</span> 40% of the covered wage with 750 weeks of paid or credited contributions; 15% to 38% of the covered wage for between 150 and 749 weeks of paid or credited contributions. The pension is increased by 1% of the covered wage for every <span class="nobr">50-week</span> period of paid or credited contributions above 750, up to a maximum of 60%.</p>
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<p>The minimum benefit is B$53.07 a week.</p>
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<h4>Social assistance</h4>
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<p><span class="h5">Noncontributory old-age pension (income-tested):</span> B$46.15 a week.</p>
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<h3>Permanent Disability Benefits</h3>
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<h4>Social insurance</h4>
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<p><span class="h5">Disability pension:</span> 40% of the covered wage, according to wage class, with 750 weeks of paid or credited contributions; 15% to 38% of covered wage for between 150 and 749 weeks of paid or credited contributions. The pension is increased by 1% of the covered wage for every <span class="nobr">50-week</span> period of paid or credited contributions paid above 750, up to a maximum of 60%.</p>
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<p>The minimum benefit is B$53.07 a week.</p>
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<h4>Social assistance</h4>
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<p><span class="h5">Disability assistance (income-tested):</span> B$46.15 a week.</p>
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<h3>Survivor Benefits</h3>
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<h4>Social insurance</h4>
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<p><span class="h5">Survivor pension:</span> 50% of the insured's pension, payable to a widow aged 40 or older who is incapable of gainful employment or is caring for a child eligible for survivor's benefits. The pension is also payable to a dependent disabled widower with weekly income less than B$46.15.</p>
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<p>The full pension is awarded to a dependent mother over age 40 or a disabled father with income under B$46.15 a week on the condition that no other survivor has prior entitlement.</p>
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<p>The minimum survivor pension is B$53.07 a week.</p>
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<p><span class="h5">Orphan's pension:</span> 10% of the insured's pension for each dependent child under age 16 (age 21 if a full-time student) up to a family maximum of 100%.</p>
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<p>Full orphans receive B$21.92 a week each; up to B$25.50 a week each if over age 12, a student, or disabled.</p>
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<p>The minimum orphan's pension is B$21.92.</p>
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<p><span class="h5">Funeral grant:</span> A lump sum of B$1,500 is payable to the person paying for the funeral expenses. If the funeral costs less than B$1,500, the remaining balance is payable at the discretion of the National Insurance Board.</p>
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<h4>Social assistance</h4>
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<p><span class="h5">Survivor assistance (income-tested):</span> Adults receive B$46.15 a week; children receive B$18.46 a week each.</p>
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<h3>Administrative Organization</h3>
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<p>Ministry of Housing and National Insurance provides general supervision.</p>
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<p>National Insurance Board administers the program.</p>
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<h2>Sickness and Maternity</h2>
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<h3>Regulatory Framework</h3>
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<p><span class="h4">First and current law:</span> 1972 (national insurance), with 1999 amendment.</p>
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<p><span class="h4">Type of program:</span> Social insurance system. Cash benefits only.</p>
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<h3>Coverage</h3>
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<p>Employed persons and the self-employed.</p>
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<h3>Source of Funds</h3>
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<p><span class="h4">Insured person:</span> See contributions under Old Age, Disability, and Survivors, above.</p>
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<p><span class="h4">Employer:</span> See contributions under Old Age, Disability, and Survivors, above.</p>
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<p><span class="h4">Government:</span> None.</p>
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<h3>Qualifying Conditions</h3>
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<p><span class="h4">Cash sickness benefits:</span> Forty weeks of paid contributions with 26 weeks paid or credited contributions in the year preceding the onset of illness, or in the last contribution year, or 13 weeks paid or credited contributions in the 26 weeks preceding the onset of illness.</p>
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<p><span class="h4">Cash maternity benefits:</span> Fifty weeks of contributions since entry into the system with 26 weeks of paid or credited contributions in the preceding contribution year, or 26 weeks of contributions in the 40 weeks before benefit is due.</p>
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<p><span class="h4">Maternity grant:</span> At least 50 paid contributions.</p>
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<p><span class="h4">Funeral benefit:</span> The death of an insured person or the spouse of an insured person. The insured person must have at least 50 paid contributions.</p>
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<h3>Sickness and Maternity Benefits</h3>
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<p><span class="h4">Sickness benefit:</span> 60% of average weekly insurable earnings. The benefit is payable after a <span class="nobr">3-day</span> waiting period for up to 26 weeks (may be extended to 40 weeks in certain circumstances).</p>
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<p>The minimum benefit is B$53.07 a week.</p>
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<p><span class="h4">Sickness allowance (means-tested):</span> B$46.15 a week for an insured person who does not meet the qualifying conditions for sickness benefit.</p>
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<p><span class="h4">Maternity benefit:</span> 60% of average weekly insurable earnings. The benefit is payable for 13 weeks (may be extended to 15 weeks) beginning not earlier than 6 weeks before the expected date of childbirth.</p>
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<p>The minimum benefit is B$43.85 a week.</p>
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<p><span class="h4">Maternity grant:</span> A lump sum of B$400 for each live birth.</p>
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<p><span class="h4">Funeral benefit:</span> A lump sum of B$1,500.</p>
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<h3>Workers' Medical Benefits</h3>
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<p>No statutory benefits are provided.</p>
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<p>Public and private medical care is available at public hospitals and clinics. Government subsidizes the cost for public patients, children, the elderly, and indigent persons.</p>
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<h3>Dependents' Medical Benefits</h3>
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<p>No statutory benefits are provided.</p>
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<h3>Administrative Organization</h3>
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<p>Prime Minister's Office provides general supervision.</p>
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<p>National Insurance Board administers the program.</p>
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<h2>Work Injury</h2>
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<h3>Regulatory Framework</h3>
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<p><span class="h4">First law:</span> 1943 (workmen's compensation).</p>
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<p><span class="h4">Current law:</span> 1972 (national insurance).</p>
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<p><span class="h4">Type of program:</span> Social insurance system.</p>
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<h3>Coverage</h3>
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<p>Employed persons and certain categories of the self-employed.</p>
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<p>Exclusions: Family labor.</p>
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<h3>Source of Funds</h3>
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<p><span class="h4">Insured person:</span> None, except for some categories of the self-employed. (See source of funds under Old Age, Disability, and Survivors, above.)</p>
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<p><span class="h4">Employer:</span> Total cost. (See source of funds under Old Age, Disability, and Survivors, above.)</p>
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<p><span class="h4">Government:</span> None.</p>
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<h3>Qualifying Conditions</h3>
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<p><span class="h4">Work injury benefits:</span> There is no minimum qualifying period.</p>
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<h3>Temporary Disability Benefits</h3>
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<p><span class="h4">Temporary disability pension:</span> 66.6% of average weekly covered earnings, payable after a <span class="nobr">3-day</span> waiting period for up to 40 weeks.</p>
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<p>The minimum benefit is B$53.07 a week.</p>
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<h3>Permanent Disability Benefits</h3>
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<p><span class="h4">Permanent disability pension:</span> 66.6% of average weekly covered earnings, if the assessed degree of permanent disability is 100%.</p>
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<p>The minimum benefit is B$53.07 a week for total disability.</p>
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<p>Partial disability: The pension is proportionately reduced for an assessed degree of disability of 25% or more.</p>
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<p>The minimum benefit is B$36.92 a week for partial disability.</p>
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<p>Lump-sum grant: A lump sum of between B$100 and B$2,400 is also payable, depending on the assessed degree of disability.</p>
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<h3>Workers' Medical Benefits</h3>
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<p>Benefits include hospitalization, general and specialist care, medicines, and transportation.</p>
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<h3>Survivor Benefits</h3>
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<p><span class="h4">Survivor pension:</span> 50% of the insured's temporary disability pension.</p>
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<p><span class="h4">Orphan's pension:</span> 10% of the insured's temporary disability pension for each dependent child under age 16 (age 21 if a full-time student) up to a family maximum of 100%.</p>
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<p><span class="h4">Industrial death benefit:</span> A lump sum equal to the monthly value of the survivor pension or orphan's pension.</p>
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<p><span class="h4">Industrial funeral benefit:</span> A lump sum of B$1,500.</p>
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<h3>Administrative Organization</h3>
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<p>Ministry of Housing and National Insurance provides general supervision.</p>
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<p>National Insurance Board administers the program.</p>
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