The National Insurance Services (NIS) has announced that contribution rates for employers and employees will increase by an additional 0.5 percentage points, effective January 1, 2026. The NIS is reminding all employers, employees, self-employed persons, and voluntary contributors to prepare for the upcoming adjustment. In a telephone interview with SVGTV News Executive Director of the NIS, Stewart Haynes, explained that the increase is part of a phased reform process that began in June 2024. Th

Profits at the National Insurance Services (NIS) continue to rise following a series of reforms implemented several years ago, according to Director of the NIS, Stewart Haynes. Speaking on a radio programme yesterday, Haynes said the organisation’s financial performance has shown consistent improvement since the reforms were introduced. He revealed that projections for 2025 indicate a surplus of approximately EC$40 million, reflecting what he described as a strong turnaround in the institution’s