News

News

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.


Please click here to view the Public Service Announcement.
Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
Fake Ad
Fake Ad
8/13/2024 4:06:11 PM
Every 2 years, based on the 2010 Amendments to the National Insurance Regulations, there is an automatic increase to the insurable wage ceiling, pensions and specified grants.....
Public Notice: Temporary Fox Hill Local Office Closure
Public Notice: Temporary Fox Hill Local Office Closure
8/12/2024 4:02:42 PM
Fox Hill Local Office will CLOSE on Tuesday, August 13th, 2024 at 1pm and will REOPEN Wednesday August 14th, 2024 at 9am.
Public Notice: Temporary Office Closure
Public Notice: Temporary Office Closure
8/2/2024 11:47:11 AM
Fox Hill Local Office will CLOSE on Wednesday, August 7th, 2024 at 1pm and will REOPEN Thursday August 8th, 2024 at 9am.
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.....
NIB Celebrates Bahamas' 51st Independence
NIB Celebrates Bahamas' 51st Independence
7/15/2024 4:35:29 PM
NIB Celebrates Bahamas' 51st Independence
NIB featured presenter at PLP New Providence Women’s Branch Monthly Meeting
NIB featured presenter at PLP New Providence Women’s Branch Monthly Meeting
6/25/2024 5:52:59 AM
At their monthly meeting on Sunday, June 23, 2024, members of the PLP New Providence Women's Branch were treated to an insightful and engaging presentation on NIB's benefits and assistances, and the upcoming Insurable Wage and Contribution Rates Increase. The featured presenter was Dr. Tami Francis, Deputy Director of Core Operations & Actuarial Services, who was accompanied by Mrs. Jemma Roache, Assistant Internal Auditor at NIB.