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NIB Payout Decreased

NASSAU, BAHAMAS – The National Insurance Board is paying out “considerably less” than in the past, according to State Minister in the Office of the Prime Minister Myles Laroda.

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NASSAU, BAHAMAS – The National Insurance Board is paying out “considerably less” than in the past, according to State Minister in the Office of the Prime Minister Myles Laroda.

Laroda says NIB is paying out approximately $610,000 monthly and $7-8 million yearly, which is a decrease from last year.

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