NIB sees $4 million monthly gain from higher contribution rate
NASSAU, BAHAMAS- The National Insurance Board’s 1.5 percent contribution rate increase has generated an average $4 million in additional monthly contribution income and helped improve the fund’s financial performance beyond expectations, according to NIB Director Dr. Tami Francis. Speaking at a briefing on NIB’s upcoming biennial adjustments, Dr. Francis said the July 1, 2024, contribution […]
6/4/2026 1:11:06 AM