What is the contribution rate for employed persons?
Employed persons who earn less than $60 per week pay contributions at the rate of 1.7 percent of their wages; their employers contribute 7.1 percent on their behalf, for a total of 8.8 percent. Employed persons who earn from $60 per week up to the weekly insurable wage ceiling of $400 (as of January, 1999) pay 3.4 percent. The only exception to this are employed persons who are eligible for a pension from the consolidated fund – “Pensionable Civil Servants.” This group pays contributions at 3.4 percent on their weekly wages up to $110, and 1.7 percent on their weekly wages between $110, and $400.
