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
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.
Happy 49th Independence Bahamas
Happy 49th Independence Bahamas
7/8/2022 10:35:12 AM
Happy 49th Independence Bahamas!
MAIN GENERATOR AND I.T. GENERATOR SYSTEMS
MAIN GENERATOR AND I.T. GENERATOR SYSTEMS
7/7/2022 4:01:42 PM
The National Insurance Board (NIB) is seeking to purchase and install two (2) new generator systems, (1). Main building generator power supply (2). I.T. department generator power supply, at NIB
Proposal for The National Insurance Board Mobile Application Solution
Proposal for The National Insurance Board Mobile Application Solution
7/7/2022 12:50:09 PM
The National Insurance Board (NIB) invites suitably qualified firms to submit a proposal for the design, development, and deployment of a Mobile Application for submitting social security contribution statements and payments.
THE NATIONAL INSURANCE BOARD RESPONDS TO PUBLIC STATEMENTS
THE NATIONAL INSURANCE BOARD RESPONDS TO PUBLIC STATEMENTS
7/7/2022 12:13:39 PM
The National Insurance Board (NIB) has taken note of public statements made on July 6, 2022 in relation to the operations of the NIB and certain properties owned by NIB.
BIENNIAL ADJUSTMENTS, Effective July 1, 2022
BIENNIAL ADJUSTMENTS, Effective July 1, 2022
7/4/2022 9:51:09 AM
The 2010 Amendments made to The National Insurance Regulations introduced automatic biennial adjustments to grants, pensions and wage ceiling.