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 Celebrates 45 Years of Service
NIB Celebrates 45 Years of Service
10/15/2019 10:13:10 AM
The National Insurance programme was established on December 12, 1972 with the signing into law of the National Insurance Act, 1972. The National Insurance Board (NIB), the organization charged with administering the social security programme, opened its doors officially on October 7, 1974. Its primary mission was and is to provide income-replacement in respect of sickness, invalidity, maternity, retirement, death, industrial injury/disease, and involuntary loss of income.
Early Pension Payment for October
Early Pension Payment for October
10/11/2019 11:27:01 AM
The National Insurance Board wishes to advise the public that, with the exception of Moores Island, all other pension payments for the month of OCTOBER
Vacancy Notice Clerical Cordinator NPDP
Vacancy Notice Clerical Cordinator NPDP
10/3/2019 12:34:49 PM
Applications are invited from suitably qualified persons for the position of Clerical Coordinator I - National Prescription Drug Plan.
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