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March 11, 2024
NIB rate increase long over due says former BCCEC CEO
NASSAU, BAHAMAS- Economist Edison Sumner slammed successive governments Monday morning for failing to implement an increase in contributions to the National Insurance Board (NIB) over the last 20 years. His comments came days after the Davis-Cooper administration announced that it would implement a 1.5% increase in NIB contributions as of July 1, 2024. Minister with responsibility [...]
Sears confirms 1.5% increase in rate on July 1
March 08, 2024
Sears confirms 1.5% increase in rate on July 1
NATIONAL Insurance contribution rates will increase by 1.5 per cent on July 1 and rise by that amount every two years for the next 20 years, Immigration and National Insurance Board Minister Alfred Sears said yesterday. However, last night, the Office of the Prime Minister said only the rise for July 1 this year was confirmed - with no decision yet taken on future years.
Pintard: Collect what's overdue
March 07, 2024
Pintard: Collect what's overdue
NASSAU, BAHAMAS — While the Official Opposition Free National Movement (FNM) is satisfied that the government has finally revealed the increase in contributions to the National Insurance Board, FNM Leader Michael Pintard told Eyewitness News that the government must also collect overdue funds to assist in reviving the NIB fund.
March 07, 2024
FNM Leader: How Will This Impact Low-income Households?
NASSAU, BAHAMAS - A 15 percent increase over 20 years - that's what the government says it will take to bring the National Insurance fund back from the brink of collapse.
January 30, 2024
Sears: All Stakeholders Will Be Involved In The Process
NASSAU, BAHAMAS - With the National Insurance Board rate expected to increase on July 1st, the Minister Responsible Alfred Sears says it's a process that will involve all stakeholders.
January 29, 2024
The Governor General hosted a luncheon in honour of Permanent Secretaries
Governor General, Her Excellency the Most Hon. Cynthia Pratt hosted a luncheon in honour of Permanent Secretaries at Government House, Mount Fitzwilliam, on Wednesday, January 24, 2024.
January 28, 2024
ZERO TOLERANCE: Police pledge crack down on traffic violations
NASSAU, BAHAMAS — Police officials plan to take a zero-tolerance approach for motorists who violate traffic laws. Chief Superintendent Eugene Strachan, head of the traffic division, advised motorists to ensure that they are driving with the proper documentation including a driver's license and valid insurance. He said it has become common for motorists to be [...]
January 25, 2024
Bahamas Hotel Catering and Allied Workers Union members stage protest at P.I bridge
NASSAU, BAHAMAS- Members of the Bahamas Hotel Catering and Allied Workers Union (BHCAWU) are protesting at the foot of the Sir Sidney Poitier Bridge this morning over claims that hotel executives, during negotiations, have decided not to increase wages for employees who fall under the tipping category. Union president Darren Woods explained that during [...]
Mixed Views On NIB Rate Hike
January 22, 2024
Mixed Views On NIB Rate Hike
NASSAU, BAHAMAS - In less than six months, there will be a rate increase at the National Insurance Board. Residents giving mixed views on the impending national insurance board rate hike.
Labour minister says employers have been given sufficient notice over impending NIB rate hike
January 17, 2024
Labour minister says employers have been given sufficient notice over impending NIB rate hike
NASSAU, BAHAMAS- Minister of the Labour & Public Service Pia Glover-Rolle defends the impending National Insurance rate increase which employers are expected to pay later this year, she contends that the government has given sufficient notice for employers to be prepared. She also noted that the government is working to ensure that no one [...]
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