• Covid-19
  • Travel Protocols
  • Immigration & Customs Form
Monday, January 30, 2023
SKNIS
  • Home
  • About
  • Press Releases
  • Parliament
  • In The News
  • Bills
No Result
View All Result
SKNIS
No Result
View All Result
Home Featured

ST. KITTS-NEVIS SOCIAL SECURITY FUND IN “A STRONG FINANCIAL POSITION”

by
December 3, 2019
in Featured, In The News
ST. KITTS-NEVIS SOCIAL SECURITY FUND IN “A STRONG FINANCIAL POSITION”
Share on FacebookShare on Twitter

Basseterre, St. Kitts, December 03, 2019 (SKNIS): The Social Security Fund is in “a strong financial position” according to excerpts from a Report of the 12th Actuarial Review of the St. Christopher and Nevis Social Security Fund as of December 31, 2017.

Senior Minister and Minister responsible for Social Security, the Honourable Vance Amory, shared information from the report before laying the document on the table of the National Assembly on Thursday, November 28, 2019.

Related posts

SCHEDULED MAINTENANCE OUTAGES FOR JAN 30TH– FEB 3RD 2023 

SCHEDULED MAINTENANCE OUTAGES FOR JAN 30TH– FEB 3RD 2023 

January 30, 2023
ECCB Announces 40th Anniversary Stamp Competition Winners

ECCB Announces 40th Anniversary Stamp Competition Winners

January 30, 2023

The process Laid on the Table of the National Assembly /House” essentially means that a document is formally recognized as having been made available for legislators to read.

“With over $1.5 billion in reserves, approximately 15 times [the] annual expenditure, the St. Christopher and Nevis Social Security Fund is currently in a strong financial position,” Senior Minister Amory said, quoting from the executive summary of the actuarial report. “And even though, contribution income is no longer sufficient to meet total expenditure, investment income is expected to meet the shortfall for several more years.”

The actuarial review was done in accordance with Section 39 of the St. Christopher and Nevis Social Security Act, 1977. It was prepared three years after the 11th Actuarial Review and was produced for the St. Christopher and Nevis Social Security Board.

Senior Minister Amory also laid on the table Audited Financial Statements for the year ending 31st December 2017 for the Social Security Fund.

The minister added that the reports are in keeping with the government’s good governance agenda, which promotes accountability and transparency.

Previous Post

THE JAPAN INTERNATIONAL COOPERATION AGENCY PROMOTES ENERGY EFFICIENCY IN ST. KITTS AND NEVIS

Next Post

MINISTER PHIPPS CALLS FOR COMMUNITIES TO BE POSITIVE AGENTS FOR CHANGE IN THE LIVES OF PERSONS LIVING WITH HIV/AIDS

Next Post
MINISTER PHIPPS CALLS FOR COMMUNITIES TO BE POSITIVE AGENTS FOR CHANGE IN THE LIVES OF PERSONS LIVING WITH HIV/AIDS

MINISTER PHIPPS CALLS FOR COMMUNITIES TO BE POSITIVE AGENTS FOR CHANGE IN THE LIVES OF PERSONS LIVING WITH HIV/AIDS

WHAT'S HOT

SCHEDULED MAINTENANCE OUTAGES FOR JAN 30TH– FEB 3RD 2023 

SCHEDULED MAINTENANCE OUTAGES FOR JAN 30TH– FEB 3RD 2023 

January 30, 2023
ECCB Announces 40th Anniversary Stamp Competition Winners

ECCB Announces 40th Anniversary Stamp Competition Winners

January 30, 2023
Arvia Makes Its Inaugural Cruise Visit to St. Kitts

Arvia Makes Its Inaugural Cruise Visit to St. Kitts

January 30, 2023

BROWSE BY CATEGORIES

  • Bills
  • Featured
  • In The News
  • Notices
  • Parliament
  • Press Releases
  • Register of Voters
  • Uncategorized

LIKE US ON FACEBOOK

Facebook Pagelike Widget

FOLLOW US

CATEGORIES

  • Bills
  • Featured
  • In The News
  • Notices
  • Parliament
  • Press Releases
  • Register of Voters
  • Uncategorized

CONTACT US

Government Headquarters
Church Street
Basseterre, Saint Kitts and Nevis 00265
(869) 467-1416

  • Government of St. Kitts & Nevis

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit

No Result
View All Result
  • Home

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit