Social Security Board Commemorates 36 years of service

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

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2016 Maximum Insurable Earnings

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  

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2015 Maximum Insurable Earnings

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  

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