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Fake Ad
8/13/2024 4:06:11 PM
Every 2 years, based on the 2010 Amendments to the National Insurance Regulations, there is an autom...
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Public Notice: Temporary Fox Hill Local Office Closure
8/12/2024 4:02:42 PM
Fox Hill Local Office will CLOSE on Tuesday, August 13th, 2024 at 1pm and will REOPEN Wednesday Augu...
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Public Notice: Temporary Office Closure
8/2/2024 11:47:11 AM
Fox Hill Local Office will CLOSE on Wednesday, August 7th, 2024 at 1pm and will REOPEN Thursday Augu...
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NIB Rate Sheet- July 2024
7/31/2024 5:58:34 PM
National Insurance adjustments to the insurable wage, pensions and grants ensures that workers can i...
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NIB Celebrates Bahamas' 51st Independence
7/15/2024 4:35:29 PM
NIB Celebrates Bahamas' 51st Independence
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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.
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The National Insurance Board
3/2/2009 12:00:00 AM
As of March 2, 2009, all claims submitted for short-term benefits by employed persons (i.e., persons who have bosses) must be accompanied by an Employers Certification form (Med 4). The new Med 4 form is a single- sheet addition to the Med 1, Med 1A and Med 2 forms. It requires the employer to certify that an employee is/was/will be off from work for the period stated.
Press Response on clear policy
2/2/2009 12:00:00 AM
The National Insurance Board’s (NIB) primary objective, as mandated in the National Insurance Act, continues to be providing income-replacement for workers when they are unable to work. To deliver on this income-replacement promise to workers of The Bahamas, NIB collects contributions from self-employed persons and from employers on behalf of employees.
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