Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697632264160.pdf (Antigua and Barbuda)
ANTIGUA & BARBUDA SOCIAL SECURITY PERFORMANCE HIGHLIGHTS JANUARY - JUNE 2018 Active Insured Population R  Total Active Insured Population - 39,991  Central Government  Statutory Corporation  Private Sector  Self-Employed - - - - 8,990 3,733 25,316 1,952  Total Contributing Employers1 - 4,791 Income2 (Unaudited)  Total Income  Total Contribution Income  Central Government -  Statutory Corporation -  Private Sector -  Self-Employed -  Other Income Administration R - EC$81.926M EC$74.813M - EC$12.000M EC$ 5.857M EC$55.149M EC$ 1.807M - EC$7.113M  As a % of Contribution Income -  As a % of Total Income -  As a % of Insurable Earnings - 8.6% 7.8% 1.0% Benefit Payments  Total Benefit Payments (Unaudited) - EC$70.207M 1 Inclusive of self-employed persons 2 Unaudited Financial Statement – June 2018  As a % of GDP - 3.2% New Short-Term Benefit Awardees R  Total Short-Term Benefits Claims - 3,737  Sickness Benefit  Maternity Allowance  Maternity Grant  Funeral Grant  Age Grant  Other Grants - - - - - - 2,887 267 280 188 108 7 New Pension Awardees P  Total New Pension Awardees - 446  Age Pension  Invalidity Pension -  Survivors Pension - - 357 19 70 Active Pension Recipients as at 30 June 2018 R  % Snr Citizen receiving Age Pension - 82%  Total Active Pensioners by Type - 10,103 - 250 - - 1,127 - 41  Age Pensioners  Invalidity Pensioners  Survivors Pensioners  Old Age Assistance - 11,521  Contributor to Pensioner Rate - 3.5 : 1 1 Overview of ABSSB’s Performance Jan - Jun 2018 Benefits Expenditure  Total Benefit Payments increased by 7.3%.
 Age Pension totaled EC$61.563 million3.

 Age Grant increased by 9.0% due to the repeal of the Reduced Age Pension Benefit.

 Payments to Short-Term Benefits increased by 1.3% to EC$4.502 million for the period, January to June 2018.

 Despite Sickness Benefit claims increasing by 8.6%, payments to this benefit decreased by 3.4%.

 A total of 16,199 beneficiaries received at least one benefit payment from the ABSSB – an increase of 4.0% compared to the 15,547 beneficiaries for the same period in 2017.
Collection of Contributions  Contribution Income increased by approximately 4% in comparison to the first half of 2017.

This is as a result of the additional ½% contribution rate increase that took effect in January 2018 as well as the 1.2% increase in active contributors.

 Contributing employers (excluding self-employed persons) declined  Maternity Benefit payments increased by 4.8%.

Funeral Grant payouts by approximately 6%.


remain relatively the same as for the same period in 2017..  There were 357 new age pension awardees as at 30 June 2018 resulting in a 3.8% increase for active age pensioners relative to June 2017.

 The ABSS database has revealed that the oldest pensioner was 104 years for The performance indicators revealed that conditions of the Fund is still vulnerable to macro-environment conditions.
Nonetheless, the ABSSB registered a net contribution income rate higher than the benefit expenditure rate.

This is due to the contribution rate increase and the repeal of the Reduced Age Pension the period under review with first pension payment being in 1976. arrangement.

3 Unaudited 2