NIS ups insurable income ceiling

The National Insurance Scheme (NIS) has announced an increase in the insurable income ceiling and the minimum pension.

A notice in yesterday’s Sunday Chronicle said that the minimum rate for old age invalidity pension will be hiked from $18,829 per month to $19,770 per month from January 1st, 2014.

The insurable income ceiling which is the upper limit on earnings that  …..To continue reading, login or subscribe now.

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