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In Celebration of the Road to 50 Years:  NIB's Senior Feeding Luncheon Initiative Returns!

In Celebration of the Road to 50 Years: NIB's Senior Feeding Luncheon Initiative Returns!

12/17/2023 9:15:31 PM
In the spirit of our 50th Anniversary, NIB was thrilled to revive a cherished tradition – Feeding Seniors in our communities. After a brief hiatus due to the challenges of 2020, our Seniors’ Luncheon initiative is back, stronger and more meaningful than ever.

A Feast of Love: NIB Feeds Over 1,300 Senior Citizens

This heartwarming initiative is a beacon of warmth and love, reigniting connections and spreading joy throughout The Bahamas. We have embarked on a mission to visit 10 Homes in New Providence, four (4) in Grand Bahama, and 12 other communities in the Family Islands. Our aim - to feed over 1,300 senior citizens this holiday season.

A Heartwarming Programme for Our Beloved Seniors

On this occasion, Senior officials and staff of NIB served a traditional Christmas meal to the residents of the Senior Homes. The programme commenced with joined hands for the blessing of the food followed by sweet sounds of Christmas songs. Our teams fellowshipped with the residents creating moments of joy and connection. Of course, the celebration was not complete without a slice of our special Anniversary cake.

Official Stop: Persis Rodgers Home for the Aged
For our official visit, our Director, Chairman, and Minister gathered at the Persis Rodgers Home for the Aged sharing words of inspiration and heartfelt wishes with the residents.
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The National Insurance Board (NIB)began operations in October 1974, to ad-minister a social security system that wouldprovide workers and their families withbasic financial protection against the lossof employment earnings in the event ofsickness, childbirth, retirement, invalidity,death, workplace injury (1980), and un-employment (2009). Under NationalInsurance, insured contributors are coveredfor three main types of contingencies –
Employers are reminded that summer students between the ages of 14 years and 24 years, who are employed for an aggregate of 10 weeks, between the period June 1 and August 31, in any year, are exempted from paying National Insurance contributions from their earnings. The employer, however, is required to pay contributions of two percent (2%) of the students’insurable wages in respect of their summer earnings.
For the first time since the National Insurance programme started in 1974, the rate of contribution payments will be increased for employed persons. Beginning June 1, 2010, the rate will be increased by 1% – one half percent (.50%) to be paid by the employer, and one-half percent (.50) to be paid by the employee. This means that the current rate of 8.8%, shared 5.4% for employer and 3.4% for employee, will change to 9.8%, shared 5.9% for employer, and 3.9% for employee. This translates to a maximum weekly increase of $2 for the employer and $2 for the employee.
Direct Deposit
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The National Insurance Board and The Bahamas Pharmaceutical Association announced on Thursday that they are working together to successfully launch the National Prescription Drug Plan (NPDP) in August of this year.
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