St. Christopher and Nevis Social Security Board presented its 13th Actuarial Review of the Social Security Fund at a Stakeholders Breakfast Meeting on Tuesday Feb. 21st, at the St. Kitts Marriott Resort. It comes as part of activities in observance of its 45th anniversary, under the theme: “TRANSFORM, REFORM, THRIVE: Social Security 45”.

Actuarial Reviews are intended to evaluate present and future financial developments of existing or new Social Security schemes, with the possibility to include analyses of the financial effects of major structural reforms in the case of existing schemes.

The Fund’s Actuary, Mr. Derek Osborne presented the Actuarial Review while the stakeholders benefited from the opportunity to engage directly with Social Security practitioners. Donovan Herbert, Senior Manager of the Research, Statistics and Records Department gave the statistics report which included the number of pensioners and the growth over the past 45 years, and the number of contributors to the Fund.

Chairperson of the Social Security Board of Directors, Mrs. Janet Harris stated that the long-term viability of the Social Security Fund remains their top priority, and as such a number of reforms will be introduced to ensure this.