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News

Changes to NIB Contributions and Regulations

12/30/2010 4:39:00 AM
Higher Insurable Wage Ceiling
  • Contributions (for both the employer and the employee) in respect of the employee who makes more than $400 per week has increased. While the rate of contributions remains the same, the new wage ceiling is $500 per week/$2,167 per month. For weekly paid persons, the first salary deduction at the higher rate will be for the pay period in which January 3 falls.
  • Contributions for self-employed persons who make more than $1,733 per month have increased. The new ceiling is $2,167 per month, with the first contribution payment on the higher rate due at the end of January.

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Pension Cheque Payment for August 2020
The National Insurance Board wishes to advise the public that pension payment by cheque for New Providence will be made on Friday August 21, 2020.
TAR Stadium Service List  August 18, 2020
The National Insurance Board wishes to advise the public that the Thomas A. Robinson (TAR) Stadium will be open tomorrow, Wednesday August 19, Friday August 21 and Saturday August 22, 2020. The following persons are asked to visit the TAR Stadium on Thompson Blvd. to see an NIB agent between the hours of 9:00 a.m. – 4:00 p.m. Only persons appearing on the published list will be allowed to see an agent.
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Notice: Office closures and benefit cheque collection in New Providence and Grand Bahama
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Online & Electronic Services
Online & Electronic Services
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The public is reminded that NIB has suspended all face to face transactions with the exception of cheque collection.
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