{"id":192991,"date":"2023-12-28T14:55:25","date_gmt":"2023-12-28T18:55:25","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=192991"},"modified":"2023-12-28T15:36:19","modified_gmt":"2023-12-28T19:36:19","slug":"social-security-contribution-rates-to-increase-on-january-1-2024","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/social-security-contribution-rates-to-increase-on-january-1-2024\/","title":{"rendered":"Social Security Contribution Rates To increase on January 1, 2024"},"content":{"rendered":"<div id=\"antig-587625496\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Postpaid_Come Cross Postpaid 1200x400_Opt.1_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-3265542379\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"mbs may\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div><p>Increase in Social Security Contribution Rates. <em><strong><a href=\"https:\/\/chat.whatsapp.com\/GSb1y4gF1ieE98hiFGlR1y\">CLICK HERE TO JOIN OUR WHATS APP GROUP<\/a><\/strong><\/em><\/p><div id=\"antig-3472173105\" class=\"antig-content_5 antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"culinary\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:132\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:450\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:337\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:675\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:842\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"1124\"   \/><\/a><\/div>\n<p>St. John&#8217;s, Antigua, Thursday 28th, December 2023 &#8211; To ensure our financial commitment to our beneficiaries and the continuous improvement of contributors funds, the Antigua and Barbuda Social Security Board (ABSSB) is reminding the public of the Social Security (Collections of Contributions) (Amendment) (Regulations) Statutory Instrument No. 60 of 2016, that effective January 1st, 2024, the contribution rates will increase by \u00bd% or 0.5%.<\/p>\n<p><em><strong><a href=\"https:\/\/chat.whatsapp.com\/GSb1y4gF1ieE98hiFGlR1y\">CLICK HERE TO JOIN OUR WHATS APP GROUP<\/a><\/strong><\/em><\/p><div id=\"antig-412616449\" class=\"antig-content_4 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Postpaid_Come Cross Postpaid 1200x400_Opt.1_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-1218539203\" class=\"antig-content_12 antig-entity-placement\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1320\/h:730\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1320\/h:730\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 1320w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:166\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:566\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:425\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:696\/h:385\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 696w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1320\" height=\"730\"   \/><\/div>\n<p>The contribution rates for 2024, will therefore be 14\/% for the public sector; and 15%% for the private sector, while the Self-Employed rate remains at 10%.<\/p><div id=\"antig-275914445\" class=\"antig-content antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"culinary\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:132\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:450\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:337\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:675\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:842\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"1124\"   \/><\/a><\/div>\n<p>The decision to increase the contribution rates was based on recommendations by the 10th and 11th Actuarial Reviews.<\/p>\n<p>The following Table shows the breakdown of the contribution rates:<\/p><div id=\"antig-2336884731\" class=\"antig-content_2 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"500X500\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 500w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:150\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" width=\"500\" height=\"500\"   \/><\/a><\/div>\n<table cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\">PUBLIC SECTOR<\/td>\n<td valign=\"top\">PRIVATE SECTOR<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">Employee &#8211; 5\u00be%<\/td>\n<td valign=\"top\">Employee &#8211; 6%%<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">Employer &#8211; 8\u00be%<\/td>\n<td valign=\"top\">Employer &#8211; 8\u00be%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><strong><a href=\"https:\/\/chat.whatsapp.com\/GSb1y4gF1ieE98hiFGlR1y\">CLICK HERE TO JOIN OUR WHATS APP GROUP<\/a><\/strong><\/em><\/p>\n<p><em><strong><a href=\"https:\/\/chat.whatsapp.com\/GSb1y4gF1ieE98hiFGlR1y\">CLICK HERE TO JOIN OUR WHATS APP GROUP<\/a><\/strong><\/em><\/p><div id=\"antig-1266198871\" class=\"antig-content_3 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"IMG_1115\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 1080w, https:\/\/mlavawteztbj.i.optimole.com\/w:240\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 240w, https:\/\/mlavawteztbj.i.optimole.com\/w:819\/h:1024\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 819w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1080\" height=\"1350\"   \/><\/a><\/div>\n<p><em><strong><a href=\"https:\/\/chat.whatsapp.com\/GSb1y4gF1ieE98hiFGlR1y\">CLICK HERE TO JOIN OUR WHATS APP GROUP<\/a><\/strong><\/em><\/p><div id=\"antig-1035526834\" class=\"antig-content_6 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Postpaid_Come Cross Postpaid 1200x400_Opt.1_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div>\n<p><em><strong><a href=\"https:\/\/chat.whatsapp.com\/GSb1y4gF1ieE98hiFGlR1y\">CLICK HERE TO JOIN OUR WHATS APP GROUP<\/a><\/strong><\/em><\/p>\n<p><em><strong><a href=\"https:\/\/chat.whatsapp.com\/GSb1y4gF1ieE98hiFGlR1y\">CLICK HERE TO JOIN OUR WHATS APP GROUP<\/a><\/strong><\/em><\/p>\n<div id=\"antig-1296156888\" class=\"antig-in-comments_2 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/@hadeedmotorsltd\" aria-label=\"Hadeed_WEB_Banner_MG-2\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Increase in Social Security Contribution Rates. CLICK HERE TO JOIN OUR WHATS APP GROUP St. John&#8217;s, Antigua, Thursday 28th, December 2023 &#8211; To ensure our financial commitment to our beneficiaries and the continuous improvement of contributors funds, the Antigua and Barbuda Social Security Board (ABSSB) is reminding the public of the Social Security (Collections of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":17360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-192991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Social Security Contribution Rates To increase on January 1, 2024 - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/social-security-contribution-rates-to-increase-on-january-1-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social Security Contribution Rates To increase on January 1, 2024\" \/>\n<meta property=\"og:description\" content=\"Increase in Social Security Contribution Rates. 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