Age Benefit

Discover your benefits at the Social Security Board. 

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Age
Sickness
Maternity
Employment Injury
Invalidity
Funeral
Survivors

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What is Age Benefit

Age Benefit is paid to an insured person who has reached the age of 65 and has satisfied the necessary contribution conditions.

Age benefit is awarded in the form of a Pension or a Grant.

Age Pension

To qualify for an Age Pension, you must:

  1. be 65 years old
  2. have paid at least 500 contributions (10 years)

Age Grant

To qualify for an Age Grant, you must: 

  1. be 65 years
  2. paid at least 50 contributions (1 year) but less than 500 contributions (10 years)
*Note: A qualifying father is the husband or a single man living in the same household with a woman for at least  2 years (proof is required). 

How is Age Pension Calculated?

The rate of Age Pension is 30% of your average annual insurable earnings plus 1% for each complete 50 contributions in excess of 500 contributions.

How to Claim for Age Benefit

To claim for Age Benefit complete and submit the Age Benefit Claim Form to the Social Security office within 3 months of your 65th birthday.  Attach a copy of your Birth Certificate or other proof of birth and your Social Security Card.

Age and Survivor’s benefits can be paid concurrently

If you qualify for an Age benefit, and you are in receipt of / or qualify for a Survivor’s benefit you will receive the Age benefit and half of the Survivor’s benefit.

Note

  • Age benefit is not a retirement  benefit. You may continue to work while receiving Age Benefit.
  • No contributions are to be deducted from your salary if you continue to work after age 65.
  • If you continue to work, your employer must contribute 1/2 % of your insurable earnings, as coverage for employment injury.
  • Insured persons who have met the qualifying contribution conditions will receive Age Benefit where ever in the world they are.