Changes to NIB Contributions and Regulations

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.

Click here to read the additional details.

Comments (0)

Add Comment

Name

Comment

Enter the code from the picture

REQUEST FOR EXPRESSIONS OF INTEREST

3/26/2021 12:20:32 PM

The National Insurance Board (NIB) is seeking suitably qualified companies to provide managed information technology security services.

NAMING CEREMONY OF THE ORVILLE A. TURNQUEST BUILDING

3/25/2021 11:29:56 AM

Board Members, along with senior officials of NIB attended a ceremony to name the National Security Building on John F. Kennedy Drive on Monday February 22, 2021.