|
Amendments
made to
the
legislation
and to
the
Office’s
administrative
structure,
including
the
appointment
of the
System’s
first
full-time
Director.
First
pension
payments;
Social
Security
Development
Fund (SSDF)
established.
Commencement
of
computerization
programme;
reserves
passed
EC$5
million.
The 2nd
Actuarial
Review
for the
period
1984 -
1986 was
undertaken.
Commencement
of
construction
of
Social
Security
Office
and
Shopping
Complex.
Reserves
reached
EC$7.5
million..
New
Social
Security
Office
and
Shopping
Complex
(18
rental
units)
completed
at a
cost of
EC$2
million;
Fund
reserves
exceeded
EC$10
million;
insured
population
increased
to
4,464.
Annual
income
exceeded
EC$4
million;
benefit
payments
exceeded
EC$400,000
in
settlement
of over
600
claims.
Mr.
Osbourne
Fleming,
Minister
of
Finance
and
Economic
Development
became
Minister
responsible
for
Social
Security.
3rd
Actuarial
Review
commenced;
Reserves
passed
the
EC$17.5
million
mark;
investment
income
exceeded
EC$1million;
756
claims
for
benefit
received.
A new
computerized
system
was
introduced.
A decade
of
service
was
completed.
Income
exceeded
EC$6
million,
with
investment
income
of over
EC$2
million;
insured
population
increased
to
5,724;
Reserves
passed
EC$22
million;
benefit
payments
totaled
EC$572,302;
10th
Anniversary
Celebrations
were
held.
3rd
Actuarial
Review
completed,
minimum
benefit
levels
and
contribution
ceilings
increased;
reserves
to
EC$26.2
million;
the
Board
joined
the
Inter-American
Conference
on
Social
Security
(CISS).
Total
income
of
EC$7.6
million
received;
reserves
reached
$31.6
million;
more
than
EC$1.0
million
in
benefit
payments
made.
Mr.
Victor
Banks,
Minister
of
Finance
and
Economic
Development,
became
Minister
for
Social
Security.
Total
Income
of
EC$8.2
million
received;
reserves
totaled
EC$37.5
million;
4th
Actuarial
Review
completed;
totals
of 6,894
employees
and
1,142
employers
registered;
the
Board
hosted
its
first
regional
social
security
training
workshop.
The
Reserves
Fund
exceeded
EC$43
million;
insured
population
increased
to
7,318;
benefit
payments
totaled
EC$1.2
million;
investment
income
of
EC$2.2
million.
Milestone
year -
15th
Anniversary;
Organisational
Transformation
Exercise
conducted
by UWI’s
Institute
of
Business
consultants;
15th
Anniversary
Commemorative
Magazine;
Panel
Discussion
on “The
Future
Role of
Social
Security
in
Anguilla”;
special
ceremony
at which
the
Social
Security
Building
was
named
“The
James
Ronald
Webster
Building”;
the
unveiling
of a
painting
of Mr.
James
Ronald
Webster
commissioned
for the
15th
Anniversary;
total
income
amounted
to
EC$12.4
million;
Reserves
Fund
stood at
EC$53.0
million.
5th
Actuarial
Review
carried
out;
received
1,448
claims
for
benefit;
total of
8,186
employees
and
1,412
employers
registered.
Reserves
of the
Fund
stood at
EC$70.8
million.;
staff
complement
was 19
full-time
and 1
part-time;
Mr.
Hubert
Hughes
became
the
Minister
responsible
for
Social
Security
following
the
resignation
of Mr.
Victor
Bank as
a
Minister
of
Finance
in June
1999.
Investment
income
exceeded
EC$5
million;
benefit
expenditure
amounted
to
EC$2.7
million;
the
Reserves
Fund
grew to
EC$83.1
million;
1,802
claims
for
benefit
were
received;
Mr.
Victor
Banks
became
the
Minister
responsible
for
Social
Security
following
the
March
2000
general
elections.
Total
Income
amounted
to
EC$17.2
million;
benefit
expenditure
amounted
to
EC$2.9
million;
Reserves
of the
Fund
exceeded
EC$94
million.
2002
Milestone
year -
20th
Anniversary;
Reserves
grew to
EC$100
million;
hosted
joint
Meeting
of ISSA
Directors
of
Social
Security
Organisations
in the
English-speaking
Caribbean
and the
13th
Meeting
of
Caricom
Heads of
Social
Security;
launch
of a
Commemorative
Stamp
Issue;
introduction
of
Non-Contributory
Old Age
Pension;
employed
Research
and
Development
Officer;
panel
discussion
on
coverage
of
self-employed
persons;
awarded
12
scholarships
to High
School
entrants
from 6
Primary
Schools;
awarded
Nursing
School
Scholarship;
Health
Drive
Clinic -
screening
for
Diabetes
and
Hypertension.
|