Increase to NIS Insurable Earnings Limit

admin Ministry News

The public is advised that the National Insurance Insurable Limit will be increased from $4,090 to $4,180 per month and from $944 to $965 per week.

The increases will take effect from Sunday, January 1,2012, in the case of monthly and quarterly contributions and Monday, January 2,2012, in the case of weekly paid workers.?? The contribution rates will, however, remain the same.

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