Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697630747126.pdf (Antigua and Barbuda)
ANTIGUA & BARBUDA SOCIAL SECURITY PERFORMANCE HIGHLIGHTS JANUARY - JUNE 2019 Active Insured Population P  Total Active Insured Population - 41,307  Central Government  Statutory Corporation  Private Sector  Self-Employed - - - - 9,761 3,762 25,810 1,974  Total Contributing Employers1 - 4,723 Income2P (Unaudited)  Total Income  Total Contribution Income - - - -  Central Government  Statutory Corporation  Private Sector  Self-Employed  Other Income Administration R  As a % of Contribution Income  As a % of Total Income  As a % of Insurable Earnings Benefit Payments  Total Benefit Payments (Unaudited)  As a % of GDP 1 Inclusive of self-employed persons 2 Unaudited Financial Statement – June 2019 EC$86.005 M EC$78.272 M - - EC$12.000 M EC$ 5.558 M EC$58.809 M EC$ 1.905 M - EC$ 7.733 M - - - - - 9.8% 8.9% 1.1% EC$75.862 M 3.2% 1 New Short-Term Benefit Awardees R  Total Short-Term Benefits Awarded - 3,524  Sickness Benefit  Maternity Allowance  Maternity Grant  Funeral Grant  Age Grant  Other Grants - - - - - - 2,526 301 329 186 177 4 New Pension Awardees R  Total New Pension Awardees - 451  Age Pension -  Invalidity Pension -  Survivors Pension - 382 24 45 Active Pension Recipients R  % Snr Citizens receiving Age Pension - 80%  Total Active Pensioners by Type  Age Pensioners  Invalidity Pensioners  Survivors Pensioners  Old Age Assistance - - - - 11,672 - 10,300 264 1,075 33  Contributor to Pensioner Rate - 3.5:1 Benefits Expenditure3 Collection of Contributions Overview of ABSSB’s Performance JANUARY - JUNE 2019  Total Benefit Payments increased by 8.0%.
 Age Pension totaled EC$66.897 million for the period under review; an increase of 8.7% relative to the corresponding period in 2018.

 Age Grant payments increased by 54.5% to EC$0.859 million.

The increased payments to this Benefit are as a result of the repeal of the Reduced Age Pension arrangement.

 Payments for Short-Term Benefits increased by 3.1% to EC$4.642 million over the same period for last year.
 Sickness Benefit awards decreased by 12.8%; with payments to this Benefit decreasing by 7.5%.

 Payouts for Maternity Benefit [EC$1.734 million] remained relatively the same as for 2018 while Funeral Grant payments decreased by 8.5%.

 There were 382 new age pension awardees as at 30 June 2019 resulting in a 1.3% increase to the age pensioners’ population relative to the 1st half of 2018.

 Overall, the average monthly pension paid per Age pensioner for the first six months of 2019 was $1,082.47.
 Approximately 16,300 beneficiaries received at least one benefit payment from the ABSSB – a decrease of 2.5% compared to the 16,722 beneficiaries for the first half of 2018.

 For the first half of 2019, there were two pensioners averaging 100 years and 6 months, who have been in receipt of pension from the ABSSB for approximately 41 years.
3 Unaudited Financial Statement – June 2019 2  With the 0.5% contribution rate increase effective 1st January 2019, approximately $78.275 million was collected in Contribution Income for the first six months of 2019.

The chart below features the demand and supply relationship of the ABSSB’s mandate.
Contribution Income vs Benefit Expenditure JAN - JUN 2019 $11.818 $12.499 $13.933 $13.836 $12.857 $12.895 $12.738 $12.982 $12.853 $13.020 $12.942 $11.760 Jun May Apr Mar Feb Jan EC$M $10.500 $11.000 $11.500 $12.000 $12.500 $13.000 $13.500 $14.000 $14.500 Benefit Expenditure Contribution Income