New NIS Rates Take Effect this Month
Director of the National Insurance Scheme (NIS), Denzil Thorpe, is reminding NIS contributors that effective August 2010, persons who earn more than $500,000 per annum will be required to contribute more to the scheme. Speaking at a JIS 'Think Tank' on August 19, Mr. Thorpe said that the increase in contributions is one of the recommendations arising from an actuarial...
