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Workers’ Reset benefit: All who “contributed 26 payments or 6 to 7 months” to Social Security Fund, will receive $1000

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Workers’ Reset benefit, as part of the “Independence 40 Reset” initiatives, which were announced Prime Minister, Dr. Terrance Drew, has been fully clarified. Independence 40 Reset consists of six (6) initiatives aimed at revitalizing the nation and expressing gratitude to its citizens.

 

 

 

Specifically, under the Workers’ Reset, the Federal Government will be providing a one-time payment of EC$1000 to contributors to the Social Security (SS) Fund. However, only pensioners and active workers who reside in Saint Kitts and Nevis will benefit from the initiative.

However, questions surrounded the $1000 bonus, as a press release from the Social Security Board stated “only pensioners and active workers who have made at least 26 contributions to Social Security from January 2019 to present, will benefit from the $1000 bonus.” That release has since been removed.

 

 

 

The Prime Minister, who is also the Minister responsible for Social Security, stated on his Facebook page on Thursday Sep. 21st, that it (being the Workers’ Reset benefit, “will apply to all who have contributed 26 payments or 6 to 7 months to the Social Security Fund.”

 

 

 

What about weekly paid and monthly paid workers, how would this work out? To provide further clarification, a spokesperson for Social Security told the VONNEWSLINE that 4 contributions is equivalent to one contribution. In essence, this means that while weekly paid workers pay more times than a monthly paid worker, it is one and the same (1 time-4 contributions, 3 times-12 contributions).