St. John’s, Antigua, Tuesday 31, December 2024 – To ensure the Antigua & Barbuda Social Security Board (ABSSB) continues to honour its financial commitment to our beneficiaries, the ABSSB is reminding the public of two Statutory changes that will take place as of January 1, 2025:

1. The Pension Age will move to 65 years pursuant to Statutory Instrument 2016 No. 61, Social Security (Benefits) (Age and Grants) (Amendment) Regulations.
2. The Contribution Rates will increase by ½% or 0.5% pursuant to Statutory Instrument 2016 No. 60, Social Security (Collections of Contributions) (Amendment) Regulations. The contribution rates for 2025, will therefore be 15% for the public sector; and 16% for the private sector, while the Self-Employed rate remains at 10%.

The decision to increase the contribution rates and pension age was based on recommendations by the 10th and 11th Actuarial Reviews, 2014. The following Table shows the breakdown of the contribution rates: