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
9th Actuarial Review
9th Actuarial Review
10/7/2013 10:53:26 AM
2012 Annual Report
2012 Annual Report
10/7/2013 10:15:03 AM
Feedback metrics and more traditional deata helped the National Insurance board of The Bahamas commit to customer service.