History Of The Anguilla Social Security Board    View History Year by Year
 

The Anguilla Social Security Board was established under the Social Security Act 1980, by Chief Minister the Honourable James Ronald Webster to provide and manage a system of national insurance for the workers of Anguilla to ensure that there is adequate provision for  the security of workers and their families against hardships. The Board is a statutory corporation which is appointed by, and the reports to, a minister of government and is a tri-partite entity, bringing together representatives of employees, employers and government. It administers the Scheme through a Director and the staff at the Social Security Office. The programme commenced operations on January 1st 1982.

The Ordinance established a fund  into which contributions are paid and from which benefits are disbursed. The benefits came under two branches: the Short-term Branch, from which the following contingencies are paid:- Sickness, Maternity, and Funeral Grant; and the Long-term Branch, from which the following contingencies are paid:- Age, Invalidity and Survivors. In 2002, a Non-Contributory Old Age Pension was added.

 
 

Today after 20 years of operation, the Social Security Fund stands in excess of $100 million and there are over 9700 persons registered as insured persons. There are currently over 200 persons who receive long-term benefits.

Anguilla Social Security has in many respects been a trend-setter among Caribbean systems. One area where this is particularly evident is in its investments. In order to achieve a much needed diversification and to achieve higher overall returns, the scheme has engaged a financial consultant, Smith Barney and utilizes fund managers for some of its funds on the United States and International stock market.

Another area where they have established leaderships is in the creation, in 1986, of the Social Security Development fund through which may socially desirable projects have been funded. These include but are not limited to, projects in the areas of Sports, Education, Culture and Health. One special project is the development of steel pan music within the schools in Anguilla, while another is the launch of the Anguilla Community Foundation.

To keep abreast with the other changing environment which is being reshaped by globalization, constant and often discontinuous change and revolution in information technology, the Board has had to engage in an organization transformation exercise which has brought several for-reaching improvements.

The Anguilla Social Security Board holds membership in the Inter American Conference on Social Security (CISS) and the International  Social Security Association (ISSA).

The Board launched a stamp issue to commemorate twenty years of operation of the Anguilla Social Security Program, and coincides with Anguilla’s hosting of the ISSA and CARICOM Meetings of Directors of Social Security Organizations in the English-speaking Caribbean, May 27th-31st, 2002.

 
 
 
WHAT'S NEW
  Social Security Commemorative Magazine
  25th Anniversary
  Annual Reports
  Business Plan 2007-2011
  Social Security Development Fund
  Social Security Lectures
  National Development Conference
 		 LINKS

  ISSA
   CISS
  Other Social Security Organizations
  Government Of Anguilla
  The Anguillian News
  Radio Anguilla


 		 UPCOMING

  Listing of ASSB's 25th Anniversary
 Calendar of Events - 2007