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Facts on Social Security
In general, any employment in Belize under a contract of service or apprenticeship, written or oral is insurable employment.
This includes employment with the Government and all statutory bodies, employment with a company or firm or by an individual, and employment on board vessels and aircraft of which the owner resides or has his principal place of business in Belize.
The employer MUST ensure that a new employee presents his Social Security card on or before the first day of work. It is the responsibility of every person over fourteen (14) years to get their Social Security Card before seeking insurable employment.
When a person is registered as an insured person, the Social Security Board will issue to him/her a "Social Security Card ". The Card will show that person's Social Security Number, which the employer and the insured person must use as reference on all correspondence, claims, etc. when dealing with the board.
Both the employer and the employee MUST CONTRIBUTE to the scheme. The
employer is liable to pay to the Social Security Board his own share of contribution and the share of his employee. He must deduct the employee's share of the contributions from the employee's wages. For persons sixty-five years of age and over, the contribution is $2.60 per week paid solely by the employer. It covers the older employee for Employment Injury and work-related Prescribed Disease only.
Weekly Contribution Payment By Employed Person and Employer.
The employer must submit a monthly statement together with contribution payments
by the fourteenth of the following month in which they become due. For a form for this click here (Adobe Acrobat document of the new FIN15A form which is used monthly for making contributions, in case you have any employees). The monthly
statements should show the names of the employees, their Social Security
numbers and the rates of contributions paid.
Belize Social Security Board Website
For immediate access to COMPLETE information on Social Security, see the Belize Social Security Board website at socialsecurity.org.bz.
Weekly
Contributions (BZ$)
|
Weekly Earnings $$$ |
Insurable Earnings $$$ |
Employees’ Contributions $$$ |
Employers’ Contributions $$$ |
Total |
*Weekly Rate of Cash Benefits |
|
Under $70.00 |
55.00 |
.55 |
3.30 |
3.85 |
$44.00 |
|
70.00 – 109.99 |
90.00 |
.90 |
5.40 |
6.30 |
$72.00 |
|
110.00 – 139.99 |
130.00 |
1.30 |
7.80 |
9.10 |
$104.00 |
|
140.00 – 179.99 |
160.00 |
2.35 |
8.85 |
11.20 |
$128.00 |
|
180.00 – 219.99 |
200.00 |
3.75 |
10.25 |
14.00 |
$160.00 |
|
220.00 – 259.99 |
240.00 |
5.15 |
11.65 |
16.80 |
$192.00 |
|
260.00 – 299.99 |
280.00 |
6.55 |
13.05 |
19.60 |
$224.00 |
|
300.00 and over |
320.00 |
7.95 |
14.45 |
22.40 |
$256.00 |
|
** |
|
0.00 |
2.60 |
2.60 |
Employment Injury Coverage |
** A contribution of $2.60 is payable by the Employer for employees who are 60 – 64 years old and who have received, or are receiving Social Security Retirement Benefit, and for all employees 65 years and older. This provides employment injury coverage for these employees.
For more information, CONTACT
Belize Social Security Board
Bliss Parade
P. O. Box 18
Belmopan, Cayo District
Belize, Central America
Tel: (501) 822-2163 OR 2513
Fax: (501) 822-3331
Email: info@socialsecurity.org.bz
or VISIT US at
socialsecurity.org.bz
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