Social Security Board News

SOCIAL SECURITY BOARD COMMEMORATES 36 YEARS OF SERVICE Thirty-six years and counting! It was July 2, 1980 when the Virgin Islands Social Security Board opened its doors to the residents of the Virgin Islands. The purpose was to provide sickness, maternity, invalidity, age, funeral and survivor’s benefits. In 1991 Employment Injury was implemented and Self-Employed

Dear Employer, Effective January 1, 2016, the maximum insurable earning will be increased, by 2.108% from $39,468.00 to $40,300.00. The following schedule is for ease of reference. Pay Period Maximum Insurable Earnings Contribution Total Employee Employer   Weekly $775.00 $31.00 $34.88 $65.88   Fortnightly $1,550.00 $62.00 $69.75 $131.75   Semi-monthly $1,679.17 $67.17 $75.56 $142.73  

Dear Employer, Effective January 1, 2015, the maximum insurable earning will be increased, by 2.24% from $38,610.00 to $39,468.00 The following schedule is for ease of reference. Pay Period Maximum Insurable Earnings Contribution Total Employee Employer   Weekly $759.00 $30.36 $34.16 $64.52   Fortnightly $1,518.00 $60.72 $68.31 $129.03   Semi-monthly $1,644.50 $65.78 $74.00 $139.78  

The Social Security Board has contributed an additional $1.5 million to purchase equipment for the New Peebles Hospital as the government inches closer to raking in the estimated $10 million required to fit the brand new facility in Road Town, Tortola. During a press briefing held at the new hospital on Thursday, Health Minister Ronnie

Road Town, Tortola, VI-Cabinet has approved the appointment of four new members and the re-appointment of three past members of the British Virgin Islands. Social Security Board. The new members are Mr. Paul Webster, QC, Chairman, representing employers; Mr. Michael Vanterpool representing employees; Mr. Simon Potter, representing employers; and Mrs. Annie Malone-Frett, representing Government. The re-appointed

Dear Employer, The Social Security (Contributions) (Amendment) Regulations 2005, make it mandatory that the maximum insurable earnings (that is, the portion of salary from which contributions is deducted) be increased on a yearly basis by the Consumer Price Index (CPI). The CPI is 1.755%; consequently, effective January 1, 2014, the maximum insurable earning will be

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Dear Employer, The Social Security (Contributions) (Amendment) Regulations 2005, make it mandatory that the maximum insurable earnings (that is, the portion of salary from which contributions is deducted) be increased on a yearly basis by the Consumer Price Index (CPI). The CPI is 2.73%; consequently, effective January 1, 2013, the maximum insurable earning will be