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Cabinet Reviewed NIB Rate Increase

NASSAU, BAHAMAS – Government will soon announce its decision on whether it will move ahead with an increase in National Insurance Board rates.

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NASSAU, BAHAMAS – Government will soon announce its decision on whether it will move ahead with an increase in National Insurance Board rates.

NIB made recommendations to the government to move ahead with a rate increase to begin to save the fund from depletion in 2028.

Minister of State in the Office of the Prime Minister Myles Laroda telling reporters, Tuesday, the matter has been reviewed by cabinet.

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