News

News

NIB Rate Sheet- July 2024

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 insure more of their income and that Benefits offered remain relevant and adequately meet the needs of Bahamians by staying in line with inflation. This adjustment (increase) in the insurable wage ceiling is based on the change in the retail price index over the two previous calendar years plus 2%. See the new NIB Rate Sheet, effective July 2024, which outlines the increases to pensions, grants and the increase in the insurable wage ceiling.





Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
NIB/BTC Business INKNOWVATION
NIB/BTC Business INKNOWVATION
10/24/2022 7:30:31 PM
The National Insurance Board will be a presenter at the BTC Business INKNOWVATION Small Business Conference on Friday October 28, 2022 at the Grand Hyatt, Baha Mar Resort, Nassau, Bahamas. Small businesses in attendance will have an exciting opportunity to hear about NIB’s innovative Employer Self Service (ESS) portal, designed to help employers Work Smarter, Not Harder. The ESS portal provides employers with an essential tool that makes submitting monthly Contributions Statements and payments fast and easy. Small businesses can learn about the benefits of using the Employer Self Service (ESS) portal, request a Live demonstration and sign-up on-site.
NIB celebrates its 48th Anniversary
NIB celebrates its 48th Anniversary
10/24/2022 3:56:08 PM
NIB celebrated its 48th Anniversary with a Customer Appreciation Day on October 7th, 2022.
External Vacancy - Senior Accounts Clerk – Accounts Department
External Vacancy - Senior Accounts Clerk – Accounts Department
10/20/2022 2:57:53 PM
The National Insurance Board is inviting suitably qualified candidates to submit applications for the position of Senior Accounts Clerk, Accounts Department.
PMU and NIB Sign 5 Year Industrial Agreement Favorable for 155 Managers
PMU and NIB Sign 5 Year Industrial Agreement Favorable for 155 Managers
8/29/2022 12:57:55 PM
PMU and NIB Sign 5 Year Industrial Agreement Favorable for 155 Managers
Office Closure - Fox Hill
Office Closure - Fox Hill
8/9/2022 8:37:37 AM
Biennial Adjustments Pensions and Grants
Biennial Adjustments Pensions and Grants
7/13/2022 3:33:42 PM
The 2010 Amendments made to The National Insurance Regulations introduced automatic biennial adjustments to grants and pensions.