News

Fox Hill Local Office will CLOSE on Wednesday, August 7th, 2024 at 1pm and will REOPEN Thursday August 8th, 2024 at 9am.

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

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.

The National Insurance Board, along with key stakeholders, partnered with the Ministry of Finance for a Voluntary Compliance Exercise from Monday, June 3 – Saturday, June 8, 2024

What is the NI Insurable Wage Ceiling Adjustment ? The adjustment (increase) in the insurable wage ceiling is based on the change in the retail price index and change in salaries paid over the two previous calendar years plus 2%. The first automatic increase occurred in July 2014 and occurs every two years.