Our History
History
The Social Security Board was established by an Act of the Legislative Council, No. 17 of 1979. It came into effect on July 2, 1980.
The Social Security Board is a Statutory Body, under the portfolio of the Minister of Health and Social Services.
The Minister appoints a Board of nine members:
* Two members representing employers
* Two members representing employees
* Three members representing Government
* One member representing Private Health Practitioners and
* The Director of the Social Security Board
The Board is responsible for the management of the organization. The Act specifically charges the Director with the responsibility for the management of the Fund, in particular the collection of the contributions and the payment of benefits.
Social Security is a compulsory insurance plan to which employers, employees, self-employed and voluntary contributors contribute. Social Security is designed to protect insured persons from financial distress by providing partial income replacement when certain contingencies arise.
* Sickness
* Maternity
* Employment Injury
* Invalidity
* Age
* Funeral
* Survivor’s
Vision Statment
The Social Security Board will be: A world class Social Security system based on fair and sound policies, providing supreme service to our customers, utilizing state-of-the-art technology with visionary, proactive management and a professional staff.
Mission Statement
To provide appropriate Social Security benefits to our contributors and their families, through strong leadership, prudent investments and the sustained efforts of a highly motivated, committed and professional staff.
Core Values
Integrity
Impartiality
Transparency
Accountability
Commitment
Loyalty
Trust
Customer Driven
Strong Public Awareness
Empowerment and a Sense of Ownership
Continuous Learning
Team Orientation
Innovation
Community Involvement
Empathy
Fiduciary Responsibility
Prudent Investment