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 every person over fourteen (14) years
employed in insurable employment must register as an insured person.
When a person is registered as an insured person, the Social Security
Board will issue to him/her a " Social Security Registration Card ".
The registration Card will show that person's Social Security Number, which
he/she 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 $2.60 per week paid solely by the
employer. It covers the employee for Employment Injury only.
Weekly Contribution Payment By Employed Person and Employer.
The employer must submit a monthly statement together with contribution payments
by the fourteenth of the following month in which they become due. The monthly
statements should show the names of the employees, their Social Security
numbers and the rates of contributions paid.
(BZ$)
Weekly
Contributions
Weekly
Earnings
|
|
Weekly
Insurable
Earnings
|
|
Employer
|
|
Employees
|
|
Total
|
Under $40.00
|
|
$25.00
|
|
$1.63
|
|
$0.12
|
|
$1.7
5
|
$40.00 - $69.00
|
|
$55.00
|
|
$3.30
|
|
$0.55
|
|
$3.8
5
|
$70.00 - $109 00
|
|
$90.00
|
|
$5.40
|
|
$0.90
|
|
$6.3
0
|
$110 and over
|
|
$130.00
|
|
$7.10
|
|
$1.30
|
|
$9.1
0
|
Source: Belize Social Security Board
FOR ADDITIONAL INFORMATION
CONTACT
SOCIAL SECURITY
PHONE: (501) 8-22163, 22513
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