Employers, Employees and Self-Employed persons are reminded of the changes to the Social Security Act and Regulations that came into effect from Friday 1st April 2022, the new changes from 1st January 2023 are as follows: – Increase in the Contribution Rate for Employees from 5% to 5.5% with a schedule of additional increases that […]
JOB PURPOSE Applications are invited from suitably qualified persons to fill the role of Director of the Montserrat Social Security Fund. The Governor acting on advice of Cabinet shall appoint a fit and proper person to be the Director of the Fund and such terms and conditions as he / she may think fit. (Amended […]
Employers, Employees and Self-Employed persons are reminded of the changes to the Social Security Act and Regulations that came into effect from Friday 1st April 2022. The new changes for 2024 are as follows:- Increase in the Contribution Rate for Employees from 5.5% to 6% with a schedule of additional increases that would take the […]
Social Security is funded by contributions and investment returns which are directly impacted by the number of people contributing to the Fund and the contribution rate. Montserrat has an ageing population and the number of persons receiving a Social Security pension is increasing at a faster rate than the number of persons contributing to the […]
NEXT PENSION COLLECTION DATE FRIDAY – 30th JUNE 2023 EMPLOYERS The Social Security Fund would like to inform all Employers that due to the ongoing COVID situation in Montserrat they are encouraged to make contribution payments via Direct Debit at the Bank of Montserrat to Account Number 650-837-5 and email their completed remittance forms to […]
NEXT PENSION DATE – 28th JUNE 2024 REMINDER TO ALL EMPLOYERS, EMPLOYEES AND SELF-EMPLOYED PERSONS Employers, Employees and Self-Employed persons are reminded of the Social Security Contribution Rate increases that took effect from Friday 1st April 2022. The new changes from 1st January 2024 to 31st December 2024 are as follows: – Employees new Contribution […]