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NIB Participates in Central Bank Literacy Fair and Digital Expo

NIB Participates in Central Bank Literacy Fair and Digital Expo

5/9/2023 11:05:59 PM
The Central Bank of the Bahamas relaunches its Financial Literacy Fair with an expanded platform to include a Digital Expo format. The event, which took place at the Fusion Superplex Theatre on Gladstone Road, welcomed some 3,000 students and industry professionals.

Over the two-day event, NIB was invited to host an educational session on the importance of NIB to ones financial wellness providing information on available Benefits and Assistance to insured citizens when needed. In keeping with the digital format, NIB also displayed its innovative Employer Self Service portal, which has simplified employers ability to make monthly contribution payments and upload contribution statements. The NIB booth served as a full service resource for attendees needing information or assistance with Registration, Contributions, Claims and Compliance services.
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Extended hours of operation this weekend at NIBs Jumbey Village Local Office
The National Insurance Board remains committed to continuous improvement of service delivery, and to meeting – indeed, exceeding – customers' expectations. In this regard, the public is advised that on Friday, November 6 and Saturday, November 7, NIB will extend its hours of operations at its Jumbey Village Local Office, located in the Clifford Darling Complex on Blue Hill Road. Persons who recently claimed and qualified for Unemployment Benefit, including those recently laid off from Bahamar, are encouraged to take advantage of these extended hours to collect their Unemployment Benefit payments. The extended hours of operation are 5 p.m. to 8 p.m. this evening, and 9 a.m. to 2 p.m. tomorrow.
IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS
The Government of The Bahamas has announced that there will be an increase in the Minimum Wage effective August 15, 2015. In this regard, the National Insurance Board advises employers that for all workers impacted by the change in the minimum wage, there will be a corresponding increase in contribution payments for the month of August and thereafter.