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2013 Contribution Rate Increase

Dear Employer, The Social Security (Contributions) (Amendment) Regulations 2005, make it mandatory that the maximum insurable earnings (that is, the portion of salary from which contributions is deducted) be increased on a yearly basis by the Consumer Price Index (CPI). The CPI is 2.73%; consequently, effective January 1, 2013, the maximum insurable earning will be

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2012 Contribution Rate Increase

Dear Employer, The Social Security (Contributions) (Amendment) Regulations 2005, make it mandatory that the maximum insurable earnings (that is, the portion of salary from which contributions is deducted) be increased on a yearly basis by the Consumer Price Index (CPI). The CPI is 2.03%; consequently, effective January 1, 2012, the maximum insurable earning will be

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