SAINT VINCENT AND THE GRENADINES STATUTORY RULES AND ORDERS

2004 NO. 10

(Gazetted 18th May, 2004)

 

IN EXERCISE of the powers conferred by sections 20 and 25 of the National Insurance Act, Cap. 229, the Minister makes the following Regulations:­

 

NATIONAL INSURANCE (CONTRIBUTIONS) (AMENDMENT) REGULATIONS 2004

 

Citation and commencement

1. (1) These Regulations may be cited as the National Insurance (Contributions) (Amendment) Regulations, 2004.

 

(2) These Regulations shall be deemed to have come into

operation on the 1st day of May, 2004.

 

Amendment of regulation 4 of Booklet 1, Cap. 229

 

2. The National Insurance (Contributions) Regulations are amended in regulation 4 by:

 

(a) deleting paragraph (4) and substituting the following:

 

"(4) For the purposes of determining the earnings of an insured person under paragraph ( 1), there sh all be included all gross wages or other remuneration received in cash and in kind by the insured person, including

 

(a) overtime payments; .

(b) cost of living bonus;

(c) family allowances;

(d) commission on sales, or profits on sales;

(e) gratuities paid out by the employer;

(f) danger money;

(g) payments on account of night or shift work;

(h) production bonuses

(i) payments in kind; and

(j) holiday pay and amounts set aside out of the insured person's remuneration throughout the year or part of the year to be paid out to the insured persons periodically.";

 

(b) repealing paragraph (5).

Dated this 3rd day of May, 2004.

DR RON. RALPH E. GONSALVES Prime Minister, Minister of Finance, Planning, Legal Affairs, Labour,

Information,

Grenadines Affairs, Crown Lands, Surveys and Postal Services.

2004