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NIB Welcomes New Director

NIB Welcomes New Director

9/7/2016 10:51:19 AM

Ms. Renae McKay, Chairman of the National Insurance Board, is pleased to announce the appointment of  Ms. Patricia Hermanns to the post of Director of the  National Insurance Board (NIB) with effect from September 1, 2016.  As Director, Ms. Hermanns is the CEO of NIB and heads the Executive Management team responsible for the day-to-day operations of the social security organisation.

Ms. Hermanns is a former banking and insurance executive with more than 30 years’ experience in the financial services sector.  She is credited with managing corporate transitions for greater efficiency and effectiveness, and successfully launching new life and health insurance as well as investment products and services.

 

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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.
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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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The National Insurance Board Press Release on Unemployment Benefit
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