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NIB and Yamacraw Constituency Leaders Insist “Knowledge is Key”

NIB and Yamacraw Constituency Leaders Insist “Knowledge is Key”

10/31/2023 10:26:56 PM
Saturday October 28, 2023 - In a powerful display of community engagement, the National Insurance Board took a spirited stride towards supporting breast cancer awareness while bringing valuable information to the Yamacraw constituency.

Present for the event was Minister Zane Lightbourne, constituency leaders and cancer survivors with unified messages that, "prevention is the key" underscoring the significance of early detection, healthy lifestyles, regular screenings, and education about the disease of cancer. Attendees were encouraged to take proactive measures like self-exams and mammograms, which reduces their risk of breast cancer and improves their chances of early diagnosis and successful treatment.

Similarly, NIB's public relations team, lead by spokesperson Tonique Williams, encouraged attendees to take proactive steps toward securing their financial well-being by understanding their contributions and benefits to ensure that they have access to the necessary financial support when they need it most, whether it is for medical expenses, retirement, or other life events. Board Members, Daniel Thompson and Theressa Thompson led the NIB team, along with dedicated customer service staff.

Both messages ultimately empower individuals to make informed choices and take proactive steps that lead to better outcomes – whether it is preventing a health crisis like breast cancer or securing financial stability through social security benefits. In both cases, knowledge and proactive behavior are essential for a brighter and healthier future.

   
   
   
   
   

 

 
   
   
   
   
   


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NIB Computer World Honors
6/16/2011 6:13:00 AM
In connection with its National Prescription Drug Programme (NPDP), the National Insurance Board has had another star added to its crown in a year that has already recorded a number of outstanding successes for the Board. NIB has been named a Laureate in the 2011 Computerworld Honors Programme and is being considered for a second even more celebrated honour. The achievements of NIB and other 2011 Laureates will be recognized publicly on Monday, June 20 at a black tie awards ceremony and gala celebration at the Andrew W. Mellon Auditorium in Washington, DC. Raymond Wells, Deputy Director, Information Technology will represent NIB at the 2011 event.
For the information of affected persons and the general public, the National Insurance Board wishes to advise that implementation of the July 2010 amendments to the National Insurance Contributions Regulations relative to hotel/hospitality workers, and Pensionable Civil Servants will no longer happen on July 1, 2011, as previously announced; the amendments are now scheduled to take effect on July 1, 2013. These two amendments will be the last of a package of changes, approved by Parliament last year, to take effect. They are aimed at providing better coverage to more workers of the country.
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.
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.

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