Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698079413634.pdf (Seychelles)
[11th April 2022] Supplement to Official Gazette 103 S.I.

38 of 2022 SEYCHELLES PENSION FUND ACT, 2005 (Cap 220) Seychelles Pension Fund (Membership and Contribution) (Amendment) Regulations, 2022 In exercise of the powers conferred by section 68 of the Seychelles Pension Fund Act, 2005, the Minister responsible for Finance makes the following regulations — Citation and commencement 1.
These Regulations may be cited as the Seychelles Pension Fund (Membership and Contribution) (Amendment) Regulations, 2022 and shall be deemed to have come into operation on the 1 April, 2022. st Amendment of S.I.

45 of 2005 as last amended by S.I.

36 of 2017 2.

The Seychelles Pension Fund (Membership and Contribution) Regulations, 2005 are amended by repealing regulation 3(1), (2) and (3) and substituting therefor the following subregulations — “3.
(1) The employer's prescribed monthly mandatory contribution payable to the Fund in respect of each worker for each month or part of a month in which a worker has been employed, shall be in respect of the salary paid to the worker 5% of the worker's total gross salary from 1 April, 2022. st (2) The worker's prescribed monthly mandatory contribution payable to the Fund for each month or part of a month in which the worker has been employed, shall be in respect of the salary paid to the worker — (a) 4% of the worker's total gross salary from 1 April, 2022 to 31 December, 2022; and st st 104 Supplement to Official Gazette [11th April 2022] (b) 5% of the worker's total gross salary from 1 st January 2023.
(3) A self-employed person's prescribed monthly contribution payable to the Fund for each month or part of the month in which the person operates as a self-employed person — (a) where gross monthly salary is declared, shall be — (i) 9% of the gross monthly salary of that person, or 9% of the prevailing minimum wage at the time of payment of st contributions, whichever is greater, from 1 April, 2022 to 31 December, 2022; and st (ii) 10% of the gross monthly salary of that person, or 10% of the prevailing minimum wage at the time of payment of st contributions, whichever is greater, from 1 January 2023.
(b) where no salary is declared, shall be — (i) 9% of the average gross yearly profit declared from 1 April, 2022 to 31 st st December, 2022; and (ii) 10% of the average gross yearly profit declared from 1 January 2023. st (c) where no profit has been made or declared, shall be — (i) 9% of the prevailing minimum wage at the st time of payment of contribution from 1 April, 2022 to 31 December, 2022; and st [11th April 2022] Supplement to Official Gazette 105 (ii) 10% of the prevailing minimum wage at the st time of payment of contribution from 1 January 2023.”.
MADE this 8 day of April, 2022. th NAADIR HASSAN MINISTER OF FINANCE, NATIONAL PLANNING AND TRADE ———————