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The scheme is administered by the Social Security Board of the British Virgin Islands. The Deputy Director with responsibility for the scheme is Mr Roy Barry. [ 4 ] The primary legislation relating to the scheme was implemented by amendments to the Social Security Act (Cap 266), [ 5 ] and the subsidiary implementing legislation is the Social ...
NHI will be administered by the Social Security Board. The deputy director with responsibility for NHI is Mr Roy Barry. NHI is intended to be funded by a mandatory 7.5% levy on salaries paid to person employed in the British Virgin Islands up to a capped amount of US$5,791.50 per person.
11 January 2017 - Social Security Board signs a contract to build 43 homes as part of a social housing project, the Territory's first. [2] 23 January 2017 Former US President Barack Obama visits the British Virgin Islands. [3] BVI Finance appoints a new board of director from the private sector, transitioning from a publicly run body. [4] [5]
Social Security won't get the overhaul it needs in 2025, ... the Social Security Board of Trustees expects to deplete the trust fund by 2033 as outflows continue to exceed inflows. At that point ...
According to the 2024 report by the Social Security Board of Trustees, the trust fund will be depleted in 2034 and “unable to pay scheduled benefits in full on a timely basis in 2035.” In ...
Beginning in 1984, up to 50% of Social Security benefits could be exposed to the federal tax rate if provisional income (adjusted gross income + tax-free interest + one-half benefits) surpassed ...
The official currency of the British Virgin Islands has been the United States dollar (US$) since 1959, the currency also used by the United States Virgin Islands. [3] The British Virgin Islands enjoys one of the more prosperous economies of the Caribbean region, with a per capita average income of around $47,000 (2022 est.) [47]
The 2024 Social Security Board of Trustees Report forecasts the depletion of the Old-Age and Survivors Insurance Trust Fund's (OASI) asset reserves by 2033.