News

News

IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS

IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS

8/12/2015 10:23:31 AM
The Government of The Bahamas has announced that there will be an increase in the Minimum Wage effective August 15, 2015. In this regard, the National Insurance Board advises employers that for all workers impacted by the change in the minimum wage, there will be a corresponding increase in contribution payments for the month of August and thereafter.


Please click here to view the Public Service Announcement.
Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
Early Office Closure All NIB Offices
The National Insurance Board wishes to advise the public that all NIB offices will close on Thursday April 17th 2025 at 3:00pm.
NIB and UPO Sign 2024- 2028 Industrial Agreement, Favorable for 450 Union of Public Officers Members
The National Insurance Board (NIB) is pleased to announce the official signing of the 2024- 2028 Industrial Agreement between NIB and the Union of Public Officers (UPO). This milestone is a product of genuine dialogue, and marks a shared commitment to progress, fairness and mutual respect.
Request for Proposal - General Insurance Portfolio
The National Insurance Board of The Bahamas (NIB) is seeing proposals from eligible insurance companies for the coverage of its General Insurance Portfolio for a three year period effective June 1, 2025 through May 31, 2028.
NIB is Partnering with the Department of Inland Revenue at their Financial Symposium
We are pleased to announce that The National Insurance Board of The Bahamas (NIB) is partnering with the Department of Inland Revenue.....
Public Notice - Temporary Office Closure - San Salvador Local Office
The National Insurance Board wishes to advise the public that the San Salvador Local Office will CLOSE today, January 29, 2025 due to unforeseen circumstances.
Grand Bahama Chamber of Commerce meeting on Wednesday, January 29, 2025
NIB is presenting at the Grand Bahama Chamber of Commerce meeting on Wednesday, January 29, 2025. Our featured presenter: Mrs. Indira Kinglocke-Archer, Assistant Director of Compliance and Contributions will present on some of the recent amendments to the National Insurance Act & Regulations.