BEGINNING in January 2011, the weekly salary ceiling on which employed persons would contribute to the National Insurance Board will be increased from $400 to $500, Prime Minister Hubert Ingraham revealed yesterday. During his contribution on the 2010 amendments to the NIB regulations, Mr Ingraham said this new ceiling will only be in place for one year, as it is expected to be raised again in July 2012 from $500 to $600. In the following years, the contribution ceiling will be increased every two years, using the Bahamas retail price index, plus an extra two per cent above price inflation as wages, he said, often increase by more than goods and services. In addition, the government also seeks to a ...

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