The salient points:

You must to have made 150 paid contributions in order to qualify.

You become eligible at age 60

At 60 you are 80% vested, increasing 4% annually until 100% at 65

That's about B$250 at 60 to B$300 at 65... per month.

Retirement Benefit is paid in Bahamian Dollars.

You have to physically be there to pick up your first cheque.

While there, you should set up a B$ bank account with direct deposit from NIB so you can take cash out of an ATM in your home town.

This can be set up in a few hours and avoids having to go through Central Bank.

    (Take cash out regularly! Don't let it get anywhere near 10K)

Or... You can appoint an "Agent" (a local who you know and trust)

If you have direct deposit you have to send NIB a notarized letter,

every six months, so they know you are still alive. They won't remind you.

Over 60? That's ok. NIB will retro you up to six months.

The above information came from:

* Personally going to NIB to check eligibility and ask questions.

* Chatting to Locals.

* Someone who has done all this and is taking cash out of an ATM every month.

* Perusal of the NIB web site...