Antigua & Barbuda Social Security Board Celebrates 52 Years of Service

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The Antigua & Barbuda Social Security Board (ABSSB) is celebrating 52 years of dedicated service to the nation, reaffirming its commitment to ensuring the financial well-being of beneficiaries.

In a statement marking the milestone, the ABSSB expressed heartfelt appreciation to all contributors for their unwavering support and dedication throughout the years. The Board emphasized its continued focus on the sustainability of the Social Security Fund, ensuring a stable and secure future for pensioners and other beneficiaries.

Under the theme “Our Journey, Your Future”, the ABSSB acknowledges its role in safeguarding the livelihoods of workers and retirees alike, providing essential benefits that have supported generations of Antiguans and Barbudans.

As the institution marks this significant anniversary, stakeholders are encouraged to continue their support, reinforcing the mission of financial security and social stability for all.

For more information on the ABSSB’s initiatives and ongoing commitments, contributors and beneficiaries are urged to stay engaged with official updates from the Board.

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6 COMMENTS

  1. 52 years of mismanagement of our fund. Our monies that we have given to them to secure it for our future. It was given to them in Trust. Yet many cannot reap the benefits they paid for. However The many directors, board members and staff have always been paid without delay. How can we trust these people with our money. And crazy enough they make us think web are begging them for our own money. I’m calling for immediate transparency of the books so we can see what is left ofnour monies. Instead of investing our monies prudently, they have given it to governments as loan. Instead of collecting our our monies from governments they have allowed governments to build up large areas. They have not pursue delinquent employers from paying in the contributions from salaries which they deducted from workers. The social security has failed us in many ways. Infact they have laid the burdon on the feet of the workers to ensure that their employers pay in their contributions. If that was right then why the law gives the employer the authority to deduct it from the workers’ salaries.
    52 years and they continue to run the fund as icnit is their personal piggy bank, to give themselves salary increases and go on paid trips and buy the latest electronic gadgets or the latest vehicles to drive around. I still do not understand why the funds needs so many cars vans and trucks. As if they are Public Works, or some construction company.
    One thing I keep saying, having an asset and not being in control of that assets, simply means it is not your asset. Therefore you should not carry it in your books as your asset. Those are the rules of the IFRS. The funds has stopped publishing the audit accounts and has changed auditors. One should wonder why?
    I don’t know what will change the behavior of those we entrust to manage the funds, but until we start collectively demand better it will not happen. Because non of the political parties is fighting the fight for us. I wonder if one benifactor can get the ball rolling by taking the fund to court.

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