Previous Thread
Next Thread
Print Thread
GOB Pulls Back SSB Increase #554619
12/21/21 05:17 AM
12/21/21 05:17 AM
Joined: Oct 1999
Posts: 82,873
oregon, spr
Marty Online happy OP

.
Marty  Online Happy OP

The 1% increase to your Social Security contribution has also been delayed.

Belizeans were bracing themselves for a smaller paycheck next month - which would be compounded with pay cuts that both the public and private sector have had to endure. But now they've got three more months before that increase comes into effect. This change comes after the government was adamant about implementing the increase - saying that it was absolutely necessary. And it is, but, now, they've once again backtracked. We asked the PM for the reason today.

Hon. John Briceno, Prime Minister
"Cabinet, after further discussions we felt that we want to put it aligned with the financial year which starts in April, so we know that this decision was done before we got into government in 2019 and it was done after extensive consultations with the private sector, with labor, with employees - with everybody, because the truth of the matter is that the social security funds were drying out, we are reaching at a point called equilibrium. It simply means that every dollar you collect you are paying out a dollar and we have to make sure that we could have enough in reserves, in the fund so that when you retire, you'd be able to get something. It is then we decided that okay we will proceed with the 1% and then decided to take one step even further to be able to move it to April at the start of the fiscal year."

"The important part of what social security is doing is increasing th bands of the amount that you can insure, your earnings and so I think it's going to go up as much as $500 a month and that will help a lot of public officers, a lot of people in the private sector that are earning $2,000 or more a month that they will be able to have even a bigger retirement payment when that time comes."

Reporter
"Sir, this isn't the first time the government has backtrack on something. I remember one time initially Michel Chebat had said you need a vaccine to go in every building to only government buildings, then public officers need to get vaccinated by December 15th - that was backtrack as well. Don't you feel it makes the government look wish washy to constantly backtracking on things like this?"

Hon. John Briceno, Prime Minister
"And its not going to be the last time we are going to backtrack. As a government we need to be able to be responsible enough. See that's the problem when you manage from a point of arrogance that you know everything. We can make certain decisions and then after that when we reflect and we discussed with other people realize that maybe we should push it back, maybe we should tweak and change it. Thats what a good government is about, about listening and trying to come with with the right formula, with the right positions, with the right actions that need to be taken. So ist not going to be the last time that we are going to change our minds."

Channel 7


Re: GOB Pulls Back SSB Increase [Re: Marty] #554663
12/23/21 05:22 AM
12/23/21 05:22 AM
Joined: Oct 1999
Posts: 82,873
oregon, spr
Marty Online happy OP

.
Marty  Online Happy OP
Social Security Makes Deferral of Contributions Increase Official

On 14th December - Social Security made it official: it had Cabinet's blessing to proceed with its schedule of increased contributions starting in January of 2022.

8 days later, Social Security today issued a sheepish press release saying that the date is being pushed back. Contributions are now going to be increased on Monday April 4, 2022.

The contribution reform began back in 2019, but the 2021 increased was deferred for a year due to COVID. That deferral will now go up to 15 months - which coincides with the start of the new fiscal year.

Channel 7


Links
Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler
First Class Accommodations for the Budget Traveler

Things to do
Specials & Events
Calendar
SPTB Calendar of Events

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
ReefTV
Love FM
The Reporter
PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites
To Get Your Questions Answered

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
Cayo Event Calendar

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We handle all aspects of the purchase of your Real Estate in Belize. From in depth property searches to your final closing.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
1 registered members (Marty), 73 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums44
Topics78,334
Posts498,319
Members20,262
Most Online7,413
Nov 7th, 2021



AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1