Contribution Rates

1 (a) Contributions are payable at the rate of 10.5 per cent by millers and large employers of the Sugar Industry (those having at least 100 arpents of sugar cane cultivation).

(b) All other employers pay contributions at the rate of 6%.

(c) The share of the employee's contributions in both cases is 3%.

(d) Employees of the sugar industry are entitled to pensions at a higher rate as they earn a higher number of pension points.

2 (a) The Act provides that employers can apply to the Minister to pay contributions at a special rate of 8.5 per cent, in which case their employees have to contribute at the rate of 5 per cent.

(b) Such employees are entitled to the same enhanced pension coverage as employees of the Sugar industry.

3 (a) The minimum monthly remuneration on which contributions are payable is Rs 790 for household employees and Rs 1 315 for other employees.

(b) The maximum monthly remuneration on which contributions are payable for both categories is Rs 8,640.

(c) Contributions are not payable on bonus,overtime pay and allowances.

Source: Ministry of Social Security