Labour Overview – Bahamas
There are several pieces of legislation relating to the workplace:
The Employment Act (321A) establishes minimum hours of work as well as paid vacation time, and provides for redundancy pay and notice of contract termination. It also addresses maternity and family leave and employment of children and young persons.
The Minimum Wages Act (321B) establishes hourly, daily and weekly minimum wages
The Industrial Relations Act (321) deals with unions and establishes the Industrial Tribunal and regulates trade disputes.
The Health and Safety at Work Act (321C) makes provisions relating to health and safety at work.
Public service pension plans are non-contributory and are governed by the Pensions Act, Chapter 43. There is currently no legislation governing private sector retirement arrangements or setting out minimum standards. These plans may be offered by private sector service providers.
Social Security Benefits
Social insurance and social assistance benefits are governed by the National Insurance Board Act. Retirement Benefits are payable to insured persons who meet prescribed contribution conditions while a Retirement Grant is payable to needy Bahamian residents who do not qualify for the retirement benefit. Need is based on applying the “test-of-resources”.