Cap. 318 Art. 7Class One contributions and apportionment thereof.

(1) For every person who is employed in insurable employment, three contributions per week shall be payable, in accordance with the provisions of this Act, one by the employed person, one by his employer, and one out of the Consolidated Fund:

Provided that for the purposes of this Act, a person who is employed in more than one insurable employment shall be deemed to be employed in that insurable employment which carries the higher or highest basic wage or salary.

(2) Subject to the provisions of this Act:

(a) the weekly rates of contributions payable under this Act by an employed person and by his employer respectively shall be those specified in Part 1 of the Tenth Schedule: Provided that, with effect from the 1st January 2007, an employed person whose weekly basic earnings from his employment are less than the equivalent of the National Minimum Wage as is applicable to persons of eighteen years of age or over as established by a National Standard Order issued under the Employment and Industrial Relations Act, shall have the right to elect to pay a contribution at a rate of 10% of his actual basic weekly wage instead of the category B contribution in Part I of the Tenth Schedule payable by the employed person, where applicable, sohowever that with effect from 1st January 2018, the provisions of sub-article (2)(a) shall only be applicable to part-time employees whose weekly basic earnings from such part-time employment do not exceed the National Minimum Wage: Provided further that, and subject to the provisions of this Act, with effect from 1st January 2022, an employed person who is not in a full-time employment but who has more than one (1) part-time employment, shall have the right to elect to pay the Social Security Contribution, in accordance with Part I of the Tenth Schedule, on the income from all part-time employments up to a maximum of forty (40) hours work per week; and

(b) the contributions payable under this Act out of the Consolidated Fund shall be 50% of the combined weekly contributions paid by the employee and his employer: So however that, where an employer binds himself with Jobsplus, established under the Employment and Training Services Act, to employ a person who is over the age of forty years and who has been registering for more than one year in the Register kept in accordance with the provisions of the Employment and Training Services Act, such employer shall be entitled to retrieve from the said corporation a sum equivalent to twenty-five per cent of the rate of contribution paid by the employer, as his share in respect of such employee, in accordance with Part I of the Tenth Schedule to this Act.

(3) For the purposes of sub-article (2), where any insurable employment is terminated with one employer during a particular week and is commenced with another employer during that same particular week, the contribution payable in respect of that week shall be paid by the former employer.

(4) The sum to be contributed out of the Consolidated Fund under this article and under article 10, shall be paid in such manner as the Minister responsible for finance may, from time to time, determine.