News & Updates

News & Updates - Recent News & Updates

Nov
09

Portal Seminar on Friday

Section: General News | 0 Replies

NIS Portal Seminar

The National Insurance Department will be hosting a seminar entitled “Navigating the NIS Portal” on November 11th, 2016 at the National Insurance Office, Frank Walcott Building, Culloden Road, St. Michael.

Participants will learn how to:

  • Complete contribution schedules accurately
  • View account and contribution balances
  • Pay contributions online
  • Use the benefits estimators

The seminar is scheduled to commence at 9:30 a.m.

If you are interested in attending this seminar, please register by emailing us your name and the company with which you work at portalseminar@bginis.gov.bb

Oct
03

Increase in NIS Earnings Limit and Benefits

Section: Uncategorized | 0 Replies

INCREASE IN NIS EARNINGS CEILING AND BENEFITS

The National Insurance Board would like to advise members of the public of the following increases to the NIS Insurable Earnings Limit and benefits.

Insurable Earnings

Effective January 1st, 2017, the maximum insurable earnings for monthly paid workers will be $4, 650 per month and $1, 073 for weekly paid workers per week.

Contributory Benefits

The benefits affected by this change are old age contributory, invalidity, survivors and death benefit.

Effective January 2nd, 2017, these pensions will be increased by 6.24%. The increase will apply to all pensions-in-payment or payable on or before December 31st, 2016.

Minimum old age contributory and invalidity pensions will be increased to $190 per week.

Non-contributory Pension

The Government of Barbados, via the Minister of Finance, has already approved an increase in the non-contributory pension to $155 weekly.

Grants

Effective January 1st, 2017, the funeral and maternity grants will be increased to $2, 120 and $1, 220 respectively.

Please note that the contribution rates will remain the same.

Oct
03

NIS Offers Interest Waiver Programme

Section: General News | 0 Replies

NIS INTEREST WAIVER PROGRAMME

The Minister of Finance and Economic Affairs has approved a waiver of interest in respect of National Insurance contribution arrears for employers and self-employed persons who are indebted to the National Insurance Fund.

The National Insurance Office wishes to advise that:

•        The interest waiver initiative will commence on October 1, 2016 and conclude on March 1, 2017.

•        During the period October, 1 2016 to March 1, 2017, employers and the self-employed will be required to liquidate all the contribution arrears owed to the National Insurance Fund.

•        All interest accrued, as at March 15, 2017, on outstanding contributions will be waived, provided the 100% of contribution arrears are liquidated by March 1, 2017.

•        Payment can be submitted in one lump sum or via instalments within the five month period.

•        For payments made by cheque, interest will be not waived until the cheque has been cleared by the bank.

May
19

NIS to Host Severance Workshop

Section: General News | 0 Replies

The National Insurance Office will be hosting a series of seminars to educate employers about National Insurance Benefits.

The first in the series will be a presentation on Severance and will include:

  • The provisions of the Severance Payments Act, and
  • The correct procedures to be followed in the payment of Severance and in the application for a Severance rebate.

The seminar will be held on May 24th, 2016 at 10:00am at the National Insurance Office, Frank Walcott Building, Culloden Road, St. Michael.

A presentation on the use of the NIS Portal will also be delivered.

If you are interested in attending this seminar, please reply to the following e-mail, derek.lowe@bginis.gov.bb

Apr
21

eZpay

Section: General News | 0 Replies

NIS has now introduced the ability to pay contributions online 24 x 7 using eZpay, a payment facilitator created by iPay in collaboration with the Government of Barbados.

Now, both Employers and Self-employed persons can submit their earnings electronically and make their payment online without having to visit the office or stand in a line.

Customers may make payments from any local bank account that they own and which they designate for such purpose.  eZpay will allow your contribution payment  to be made via a secure direct debit of the designated bank account.

 

Benefits

•             Convenient 24 x 7 access from anywhere in the world

•             Fast and secure payment

•             Once the payment is initiated on or before the 15th of the month, no penalties are incurred

•             Notification of payment through an electronic receipt

•             Retrieval of balance information about contributions via Internet

•             Allows the NIS to ensure that employees’ contributions are paid and entered in a timely manner

•             Use of direct debits result in significant cost savings in transaction fees when compared with the use of credit cards

 

Once you logon to the NIS portal, you can register to access eZpay.

Oct
01

Portal Customer Service Contact Information

Section: General News | 0 Replies

For all queries and concerns contact the portal team at 431-7400 ext 2540 or email us at portaladm@bginis.gov.bb

Oct
01

Get Login information for your NIS Account

Section: General News | 0 Replies

If you are interested in obtaining your user ID and password download the  Employee Online Social Security Form  or  the Employer Online Social Security form from the homepage or collect it from our Offices on Culloden Road.

Complete the form and bring your picture identification (ID card or passport) and provide us with an active e-mail address. This is necessary for security purposes.   Within a two week period, we will send you a password to the e-mail address provided.

Oct
01

Employers, here is how to submit your Earnings Online

Section: General News | 0 Replies

The National Insurance Office has just added a new feature to the Barbados Social Security Internet Service.

Employers can now submit an electronic earnings file generated from the payroll package.

The new facility also allows employers to access a pre-filled as well as a blank earnings schedule and submit them.

Please note however that after September 1, 2007, earnings will not be accepted via e-mail.

If you are interested in signing up for the Service, please visit our download the form. The form must be completed and you must bring your picture identification to our Office on Culloden road with an active e-mail address. This is necessary for security purposes.

Jul
12

NIS Insurable Earnings

Section: General News | 0 Replies

Insurable Earnings

Please note that the maximum insurable earnings for weekly and monthly paid workers will remain the same as last year.

Weekly paid workers – $1,006 per week.

Monthly paid workers – $4,360 per month.