News

News

NIB Recognized in 50th Independence Celebrations

NIB Recognized in 50th Independence Celebrations

5/9/2023 11:22:44 PM
The national tree, the Lignum Vitae, is planted at the National Insurance Board’s (NIB) Headquarters on Baillou Hill Road as one of the many initiatives in the Countdown to 50 calendar of events showcasing Bahamian culture, arts, music, cuisine, and history.

Participating in the planting ceremony, which took place on Friday April 28, 2023 to coincide with International Arbour Day, was Minister of State in the Office of the Prime Minister The Honourable Myles LaRoda, Chairman of NIB Philip McKenzie and NIB’s Director Sonia Gill.

The tree planting ceremony, organized by the National Independence Secretariat Committee, symbolizes NIB’s place as key pillar in the growth and enrichment of the nation’s citizens and NIB’s historical significance in the country. In 2024, NIB will celebrate its 50th year in Social Security Administration and its role of providing much needed Benefits and Assistances to insured Bahamians in time of need.

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