News

News

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. 
Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
NIB participates in the Ministry of Finance’s Voluntary Compliance Exercise
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
National Insurance (NI) Insurable Wage Ceiling Adjustment
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.
NIB hosts Grand Bahama Chamber of Commerce Meeting
In preparation for the July 1, 2024 contribution rates increase, the National Insurance Board (NIB) collaborated with the Grand Bahama Chamber of Commerce, and hosted their monthly business meeting on May 29, 2024 at the Pelican Bay Hotel.
National Insurance 2024 Adjustments to Insurable Wage, Pensions and Grants
National Insurance 2024 Adjustments to Insurable Wage, Pensions and Grants
Compliance made Convenient
Compliance made Convenient
6/3/2024 12:38:24 PM
Compliance made Convenient
NIB Contribution Rates Increase Ahead! - Effective July 1st, 2024
Attention Employers, Self Employed and Voluntarily Insured Persons NIB Contribution Rates Increase Ahead! - Effective July 1st, 2024