What is Social Security
Most industrial countries cover the entire range of the contingencies.The less developed countries provide a limited range mainly, sickness, maternity, old age, survivors’ benefits, and employment injury.Very few developing countries provide Unemployment insurance and complete Medical care.
In Dominica, the program is designed to partially replace or supplement income lost by Insured Persons during periods of sickness, maternity, employment injury, and old age. When an Insured Person dies, provision is also made to pay a pension to the eligible spouse and children. In the absence of an eligible spouse and children, surviving parents or grandparents over the age of 60 stand to qualify for such benefit.
Benefits Paid Under The Program
- Short-Term Benefits
- Employment Injury Benefits
- Long-Term Benefits
Requirements for Insured Person to qualify for Sickness Benefit
Requirements for Insured Woman to qualify for Maternity Benefit
(A) An insured woman.
(B) The Uninsured spouse of an insured man.
Requirements for Insured Woman(or spouse) to qualify for Maternity Grant
Requirements for Insured Person to qualify for Employment Injury Benefit
Requirements for an insured woman to qualify for Disablement Benefit
Requirements for a widow, widower, children, parents, or grand-parents of deceased to qualify for Death Benefit
Documents to be presented by persons claiming Death Benefit
- Age Pension
- Age Grant
- Invalidity Benefit
- Invalidity Grant
- Survivors’ Benefit
- Survivors’ Grant
- Funeral Grant
SOCIAL SECURITY INTRODUCED
SOCIAL SECURITY FOR ALL
To be the cornerstone of retirement and facilitator of income replacement for contributors through efficient collection of contributions and prudent investments while contributing to socio-economic development.
To secure and hold in trust contributions collected, make timely and accurate payment of benefits and invest surplus funds prudently; in accordance with legislative requirements, while contributing to socio-economic development.
Social Security Administration
The Social Security Act provides for the appointment of a Board of Directors who shall be responsible for administering the Social Security Fund. The Board must be constituted of not less than five persons - one of whom shall be the Director, and four other persons; from among whom shall be persons having knowledge in Law, Social Science, Business Management, Industrial Relations, Local Government, Accounting and Finance.
Board Of Directors
The Core To Social Security
To serve our customers in accordance with our core values.
To prudently invest surplus funds to meet the needs of the organization and contribute to long-term socio-economic development.
- Effective collection of contributions
- Timely and accurate payment of benefit
- Effective sourcing, appraisal, monitoring and evaluation of investment opportunities
- Effective collection, analysis and management of pertinent data
- Prudent investment of surplus funds