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National Insurance 2024 Adjustments to Insurable Wage, Pensions and Grants
News
Minister Alfred Sears of the Ministry of Immigration and National Insurance attends the Foreign Ministers and Heads of Delegations meeting on May 12, 2025
5/20/2025 4:15:00 PM
Minister Alfred Sears of the Ministry of Immigration and National Insurance, attended the Foreign Mi...
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Public Notice: Scheduled Maintenance
5/16/2025 2:04:08 PM
The National Insurance Board wishes to advise the public that due to scheduled maintenance
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NIB participates in the Bahamas Institute of Chartered Accountants (BICA) Small-to-Medium Practitioner (SMP) event
5/16/2025 1:53:30 PM
NIB participates in the Bahamas Institute of Chartered Accountants (BICA) Small-to-Medium Practition...
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SAC Student Council Pays Courtesy Call on NIB Director
5/16/2025 9:57:50 AM
In commemoration of St. Augustine's College's 80th anniversary, the school's Student Council organiz...
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NIB to present at BICA’s Upcoming SMP Seminar
5/14/2025 5:42:51 AM
NIB to present at BICA’s Upcoming SMP Seminar
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National Insurance 2024 Adjustments to Insurable Wage, Pensions and Grants
6/4/2024 2:19:21 AM
National Insurance adjustments to the insurable wage, pensions and grants ensures that workers can insure more of their income and that Benefits offered remain relevant and adequately meet the needs of Bahamians by staying in line with inflation. This adjustment (increase) in the wage ceiling is based on the change in the retail price index over the two previous calendar years plus 2%.
As of July 1, 2024 the weekly insurable wage will increase from $740 per week to $810 per week and from $3,207 per month to $3,510 per month.
The first automatic increase occurred in July 2014 and occurs every two years. The next adjustment is scheduled for July 1, 2024.
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NIB Contribution Rates Increase Ahead! - Effective July 1st, 2024
5/16/2024 11:06:59 AM
Attention Employers, Self Employed and Voluntarily Insured Persons NIB Contribution Rates Increase Ahead! - Effective July 1st, 2024
In honor of Nurses Month, NIB acknowledges our hardworking nursing professionals
5/9/2024 10:59:03 AM
We thank you for your unwavering commitment and heartfelt engagement!
OHSU Employee of the Year
4/24/2024 4:55:01 PM
OHSU Employee of the Year
Grand Prize Winners: Road to 50- New Providence Blood Drive
4/23/2024 2:48:36 PM
CONGRATULATIONS…Captured are the four winners who participated/volunteered in NIB’s Road to 50 Blood Drive.....
Farewell to Former Director Sonia Gill
4/6/2024 3:14:18 AM
Farewell to Former Director Sonia Gill
Board Member Lisa Turnquest Inducted to Grand Bahama Chamber of Commerce
3/25/2024 11:39:50 PM
Board Member Lisa Turnquest Inducted to Grand Bahama Chamber of Commerce
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