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 Launches Training Course for Claims Officer Hopefuls
NIB Launches Training Course for Claims Officer Hopefuls
1/13/2021 12:25:20 PM
January 13, 2021 - NIB has launched an 8-week training programme for external candidates who were selected for the 2021 Claims Officer training programme. Over the next 8 weeks, the candidates, who come from diverse career backgrounds, will learn the National Insurance legislation, claims processing, mathematics techniques and the NIB computer system. The competitive course features a number of examinations, which must be passed in order to be chosen for the available slots for claims officers. The candidates will be exposed to the claims processes for both long-term (i.e. retirement, invalidity, disablement and survivors) and short-term (i.e. unemployment, industrial, maternity, funeral and sickness) benefits and assistances. At the opening session, NIB Director, Dr. Nicola Virgill-Rolle wished the candidates every success in this course.
PRESS STATEMENT: NIB EXTENDS PENSION VERIFICATION GRACE PERIOD
PRESS STATEMENT: NIB EXTENDS PENSION VERIFICATION GRACE PERIOD
1/12/2021 3:42:09 PM
The National Insurance Board is pleased to advise that approval has been granted to extend the grace period for long-term benefits and assistances verification as follows:
Pension Payment Schedule 2021
Pension Payment Schedule 2021
1/7/2021 10:53:56 AM
Pension Payment Schedule 2021
Press Statement - Recipients of Long Term (Pension) Benefits Urged to Verify for Benefit Continuation
Press Statement - Recipients of Long Term (Pension) Benefits Urged to Verify for Benefit Continuation
12/21/2020 9:15:00 AM
The National Insurance Board wishes to advise the public that all persons eligible for long-term or pension benefits who have not verified within the last 6 months... READ MORE...
Pension Verification
Pension Verification
12/15/2020 10:05:32 AM
The National Insurance Board wishes to remind PENSIONERS (Retirement, Survivors, Invalidity,Old Age Non-contributory pension) that
The National Insurance Board Among Certificate of Merit Recipients for the 2020 International Social Security Association (ISSA) Good Practice Awards
The National Insurance Board Among Certificate of Merit Recipients for the 2020 International Social Security Association (ISSA) Good Practice Awards
12/3/2020 9:59:00 AM
The National Insurance Board (NIB) is pleased to advise that The Bahamas is among the countries awarded the Certificate of Merit in the International Social Security Association (ISSA) Good Practice Award for the Americas for NIB’s response to Shocks and extreme events: COVID-19 crisis.