News

News

Changes to NIB Contributions and Regulations

12/30/2010 4:39:00 AM
Higher Insurable Wage Ceiling
  • Contributions (for both the employer and the employee) in respect of the employee who makes more than $400 per week has increased. While the rate of contributions remains the same, the new wage ceiling is $500 per week/$2,167 per month. For weekly paid persons, the first salary deduction at the higher rate will be for the pay period in which January 3 falls.
  • Contributions for self-employed persons who make more than $1,733 per month have increased. The new ceiling is $2,167 per month, with the first contribution payment on the higher rate due at the end of January.

Click here to read the additional details.

Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
NIB and PMU Sign 2025- 2029 Industrial Agreement, Favorable for 174 Managers, In Record Time
NIB and PMU Sign 2025- 2029 Industrial Agreement, Favorable for 174 Managers, In Record Time
1/17/2025 12:26:19 AM
The National Insurance Board (NIB) is pleased to announce the official signing of the 2025- 2029 Industrial Agreement between NIB and the Public Managers Union (PMU). This momentous occasion represents months of discussions, careful deliberation, and the successful culmination of negotiations.
NIB Responds to Potential National Sick-Out, Reaffirms Commitment to Service and Negotiations
NIB Responds to Potential National Sick-Out, Reaffirms Commitment to Service and Negotiations
1/12/2025 9:10:09 PM
The National Insurance Board (NIB) has been informed of a potential national sick-out involving members of the Union of Public Officers (UPO) over the next three days as a result of stalled negotiations.....
2025 Pension Payment Schedule
2025 Pension Payment Schedule
12/23/2024 1:13:12 PM
2025 Pension Payment Schedule
National Insurance Board Holiday Hours 2024 -2025
National Insurance Board Holiday Hours 2024 -2025
12/18/2024 11:19:20 PM
The National Insurance Board wishes you a Merry Christmas and a Happy New Year.....
Pension Payment Update: Resolving System Issue for Affected Customers
Pension Payment Update: Resolving System Issue for Affected Customers
11/21/2024 1:58:33 PM
The National Insurance Board (NIB) wishes to inform the public, particularly our valued pensioners, that due to an unexpected issue with our insurance management system, there has been a delay in the processing of pension payouts affecting approximately 1% of pensioners, or 400 individuals.
NIB hosts the 32nd Meeting of the Heads of CARICOM Social Security Organization
NIB hosts the 32nd Meeting of the Heads of CARICOM Social Security Organization
10/28/2024 3:39:27 PM
The National Insurance Board is the proud host of the 32nd Meeting Of The Heads Of CARICOM Social Security Organizations, here in Nassau, Bahamas. The meeting runs from Monday, October 28, 2024 - Friday, November 1, 2024 at the Convention Center, Baha Mar Resort.