News

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 Add Comment
Name

Comment
Captcha
Enter the code from the picture
Group Life and Medical Insurance Brokerage
Group Life and Medical Insurance Brokerage
10/1/2019 12:21:23 PM
The National Insurance Board (NIB) is seeking suitably qualified Bahamian companies to provide Brokerage Services for the Group Life and Health Insurance plan for active and retired employees of the National Insurance Board and the Bahamas Mortgage Corporation.
Temporary Office Closure - Wulff Rd
Temporary Office Closure - Wulff Rd
9/26/2019 11:50:04 PM
Notice - Employers to Assist with Employee Records (For Businesses Affected by Hurricane Dorian)
Notice - Employers to Assist with Employee Records (For Businesses Affected by Hurricane Dorian)
9/25/2019 11:12:55 PM
NIB SIMPLIFIES REPLACEMENT SMART CARD PROCESS
NIB SIMPLIFIES REPLACEMENT SMART CARD PROCESS
9/18/2019 4:05:45 PM
The National Insurance Board’s (NIB) Registration Department is proactively working to assist with issuing replacement National Insurance (NI) smart cards to residents of Abaco and Grand Bahama
Department of Labour at NIB
Department of Labour at NIB
9/18/2019 3:42:29 PM
The National Insurance Board wishes to advise that the Department of Labour is on-site at NIB’s Baillou Hill Road headquarters today, September 18th until
Early Pension Payments
Early Pension Payments
9/9/2019 1:38:46 PM
The National Insurance Board wishes to advise the public that all pension payments for the month of SEPTEMBER will be made available on WEDNESDAY, 11th SEPTEMBER, 2019.