Category Archives: Social Security Board News

SSB – REQUEST FOR PERPOSAL

 SOCIAL SECURITY BOARD BRITISH VIRGIN ISLANDS INSTRUCTIONS TO VENDORS REQUEST FOR PERPOSAL FOR REVIEW AND ASSESS THE CURRENT ORGANIZATIONAL STRUCTURE AND OPERATIONAL FUNCTIONS  July, 2017   The Social Security Board (the Board) was established by an Act of Legislative Council No. 17 of 1979 to make pecuniary payments by way of age benefits, survivor’s benefits, […]

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HEADS OF SOCIAL SECURITY MET IN BARBADOS

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HEADS OF SOCIAL SECURITY MET IN BARBADOS Social Security delegates from the Caribbean, the USA, Costa Rica and Mexico met in Barbados June 6 – 9, 2017 for dual meetings of the 28th CARICOM Heads of Social Security and the Commission on Organization and Administrative Systems (CAOSA).    The Commission on Organization and Administrative Systems […]

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NIS Executive Director Bids Farewell

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SSB – Joes HIll – Press Release

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2017 Maximum Insurable Earnings

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SSB NEW PHONE NUMBERS

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Antoinette Skelton Receives Outstanding Award

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Social Security Board Commemorates 36 years of service

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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

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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

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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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Social Security Board Donates To New Hospital

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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 […]

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SSB New Board Members

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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 […]

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2014 Maximum Insurable Earnings

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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 1.755%; consequently, effective January 1, 2014, the maximum insurable earning will be […]

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NHI Consultative Paper

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Click here to view the NHI Consultative Paper

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2013 Contribution Rate Increase

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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 […]

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Social Security Board Invite Tenders for NHI Software

Click on the following links below   Invitation To Vendors Technical Specifications Technical Requalifications

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2012 Contribution Rate Increase

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 2.03%; consequently, effective January 1, 2012, the maximum insurable earning will be […]

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Pensioners – Direct Deposit

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Dear Pensioner: On a monthly basis, the Board processes approximately 1,500 pension checks. The majority of these checks are picked up at the Social Security Board’s office or mailed via the post office. In an effort to enhance the monthly payment of your pension, it has become necessary to deposit your monthly pension directly to […]

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BVI Social Security Board 30th Anniversary Re-Cap

CURTAIN GOES DOWN ON THE SOCIAL SECURITY BOARD 30TH ANNIVERSARY CELEBRATIONS During the month of July, 2010, the British Virgin Islands Social Security Board celebrated 30 years of providing appropriate services to the people fo the Territory under the theme: Social Security is securing your tomorrow, today! The Anniversary was not only a time for […]

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Social Security Board 30th Anniversary

SOCIAL SECURITY MARKS 30 YEARS OF SERVICE TO THE TERRITORY The British Virgin Islands Social Security Board (SSB) is celebrating 30 years of service to the Territory and has planned a month of activities, slated for July, to highlight this significant milestone. The SSB, which continues to positively impact the social and economic development of […]

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