Experiences in Social Protection and Formalization Persons between - PDF document

Experiences in Social Protection and Formalization � Persons between the age of 16 and pensionable age � Includes employees, self-employed and voluntary contributors � Beneficiaries (dependents) of the aforementioned groups

Year of birth Year of birth Year of birth Year of birth Pensionable age Pensionable age Pensionable age Pensionable age 1955 and before 60 1956-1957 61 1958-1959 62 1960-961 63 1962-1963 64 1964 and after 65 Covered persons Covered persons 2014 2014 2015 2015 2016 2016 Covered persons Covered persons 2014 2014 2015 2015 2016 2016 (Prelim) (Prelim) (Prelim) (Prelim) Employees 33,412 33,225 32,494 Self- Employed 877 944 959 Voluntary contributors 200 193 180 Pensioners 6,394 6,793 6,868 Total Total Total Total 40,883 40,883 40,883 40,883 41,155 41,155 41,155 41,155 40,501 40,501 40,501 40,501

Regular Employee Employer Total employees 4.5% 5.5% 10.0% Pensionable Employee Employer Total Government 4.29% 5.25% 9.54% workers Self Voluntary contributors employed 8.84% 9.5% Covered persons Covered persons Covered persons Covered persons Maximum ( EC$) Maximum ( EC$) Maximum ( EC$) Maximum ( EC$) Maximum (US$) Maximum (US$) Maximum (US$) Maximum (US$) Employees 4333.00 1622.85 Self-employed 4333.00 1622.85 Voluntary contributors 4333.00 1622.85

� Category Category Category Category Weekly Weekly Weekly Weekly Weekly Weekly Weekly Weekly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly income income income income contribution contribution contribution contribution income income income income contribution contribution contribution contribution ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) A 1000.00 95.00 4,333.00 411.64 B 840.00 79.80 3,640.00 345.80 C 720.00 68.40 3,120.00 296.40 D 600.00 57.00 2,600.00 247.00 E 480.00 45.60 2,080.00 197.60 F 360.00 34.20 1,560.00 148.20 G 240.00 22.80 1,040.00 98.80 H 120.00 11.40 520.00 49.40 Special 91.00 8.65 Category Category Category Category Monthly Monthly Monthly Monthly Quarterly Quarterly Quarterly Quarterly Monthly Monthly Monthly Monthly Quarterly Quarterly Quarterly Quarterly income income income income income income income income contribution contribution contribution contribution contribution contribution contribution contribution ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) ($) A 3,716.64 11,149.92 328.55 985.65 B 2,563.20 7,689.60 226.59 679.76 C 2,050.56 6,151.68 181.27 543.80 D 1,537.92 4,613.76 135.95 407.86 E 1,027.95 3,083.85 90.87 272.61 Special 400.50 1204.50 35.40 106.21

Persons in the informal sector- primarily the self-employed � Managers � Craft and Related Trades Workers � Professionals � Plant and Machine Operators and Assemblers � Technicians and Associate Professionals � Elementary Occupations � Clerical Support Workers � Armed Forces Occupations � Services and Sales Workers � Skilled agricultural, forestry & fishery workers � Not mandatory- not legislated � Contributions collected based on income category selected by the self employed person � Once qualified, all benefits, except Employment Injury, are payable

� None � NIS on wheels � Face to face interaction � Survey � Strategic linkages with key stakeholders..Fisheries, Farmers’ Association, Minibus Association � Targeted education programmes

� Face-to-face interaction � Established several service centers � Developing and refining past strategies to meet the changing needs � Town hall meetings � Establishment of another service center � Establishment of MOU with key stakeholders ( Ministry of Agriculture, Income Tax, minibus Association etc.) � Make self employed mandatory