Social Security Board Celebrates 33rd Birthday

The occasion was marked with the Minister with responsibility for Social Security, Sam T. Condor, joining the board’s management and staff in worship at the Co-Cathedral of Immaculate Conception on Sunday, 29th January, 2011.

During the service, a special rendition was also made by the Stanley Amory Memorial Choir directed by staff member Mr. Damian Audain.  Mr. Walter Morton, Public Relations Officer presented a token of appreciation to the Priest, Father Bernard Latus and the parishioners.

Since its inception, the Social Security Board has collected approximately $1.02 Billion in contributions (2010 unaudited). However, for the same period we have paid approximately $417.15 Million (or $0.41 Billion) in benefits (2010 unaudited). This implies that Social Security Board has paid approximately 41% of all collections to beneficiaries. Also, the Social Security Board has a reserve of approximately ($1.15 Billion) at year end 2010.

As we observe this anniversary, the Board – along with Management and Staff – renews its commitment “to provide the best possible benefits to all eligible persons, guaranteed by sound financial management and efficient administration.”

Today, the Fund extends its reach further to such areas of social development including housing, education, health, real estate through the Beacon Heights Development and most recently national security.

The Board, Management and Staff say thanks to the people of the Federation of St. Kitts and Nevis for the success that the Fund has enjoyed to date; and remind you that ‘we keep looking up for your benefit!’

 

 

 

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