News

News

NIB Contributions Regulations Relative to Hospitality Workers & Pensionable Civil Servants

6/9/2011 6:08:00 AM
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.

Click here to read the full news release
Comments (0) Add Comment Add Comment
Name

Comment
Captcha
Enter the code from the picture
IAS Enhancements
IAS Enhancements
4/14/2016 12:19:13 PM
The National Insurance Board is pleased to announce several new changes arising from the completion of Phase II of its new Insurance Administration System.
System Offline March 10, 2016
System Offline March 10, 2016
3/9/2016 12:56:12 PM
Services will be carried out manually between March 10 and March 30, resulting in some delays.
System Offline March 10, 2016
System Offline March 10, 2016
3/9/2016 11:15:31 AM
We're Modernizing our system to better serve you.
Extended hours of operation this weekend at NIBs Jumbey Village Local Office
The National Insurance Board remains committed to continuous improvement of service delivery, and to meeting – indeed, exceeding – customers' expectations. In this regard, the public is advised that on Friday, November 6 and Saturday, November 7, NIB will extend its hours of operations at its Jumbey Village Local Office, located in the Clifford Darling Complex on Blue Hill Road. Persons who recently claimed and qualified for Unemployment Benefit, including those recently laid off from Bahamar, are encouraged to take advantage of these extended hours to collect their Unemployment Benefit payments. The extended hours of operation are 5 p.m. to 8 p.m. this evening, and 9 a.m. to 2 p.m. tomorrow.
IMPACT OF MINIMUM WAGE ON NATIONAL INSURANCE CONTRIBUTIONS
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.