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IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS

IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS

8/12/2015 10:23:31 AM
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.


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Pension Cheque Payment for August 2020
The National Insurance Board wishes to advise the public that pension payment by cheque for New Providence will be made on Friday August 21, 2020.
TAR Stadium Service List  August 18, 2020
The National Insurance Board wishes to advise the public that the Thomas A. Robinson (TAR) Stadium will be open tomorrow, Wednesday August 19, Friday August 21 and Saturday August 22, 2020. The following persons are asked to visit the TAR Stadium on Thompson Blvd. to see an NIB agent between the hours of 9:00 a.m. – 4:00 p.m. Only persons appearing on the published list will be allowed to see an agent.
NIB Administered Unemployment Programmes
The National Insurance Board (NIB) wishes to advise on the progress of the National Insurance Unemployment Benefit (UEB) programme and the two Government-Funded Assistrance programmes which NIB has administered since theonset of the COVID-19 pandemic.
Notice: Office closures and benefit cheque collection in New Providence and Grand Bahama
The public is advised that the NIB Headquarters in New Providence and Freeport office locations have been closed to carry out COVID-19 sanitization. The limited staff operations at these locations will resume as soon as possible.
Online & Electronic Services
Online & Electronic Services
8/6/2020 10:54:56 AM
The public is reminded that NIB has suspended all face to face transactions with the exception of cheque collection.
Millions Paid in Assistance as Government Rolls-out GovUEBex Programme
Millions in unemployment assistance payments continue to flow as the Government and its partners streamline the implementation processes of the Government Unemployment Extension programme (GovUEBex). Since the National Insurance Board (NIB) launched its new online portal to administer the Programme, approximately $8.7 million in assistance has been disbursed to about 18,000 Bahamian workers.