The Legislation governing the Voluntary Contributory Coverage was enacted in 1997. However, this applied only to local nationals. In 2001 coverage was extended to Vincentians living abroad. This is to afford Vincentians residing abroad the opportunity to continue paying their NIS contributions or to become members of the NIS, particularly the undocumented Vincentians who cannot access social security in the country where they reside. Also, this is to provide Vincentian nationals in the Diaspora the opportunity to contribute to national development.
There are two requirements for being an overseas voluntary contributor:
Persons are required to complete an application form to be accompanied by copies of their passport or birth certificate, and marriage certificate where applicable. The application form can be obtained at Consulate offices abroad, or at the NIS Office. Persons can also download the form from our website here.
The categories of income are listed below:
Category | Monthly Income | Monthly Contribution | Quarterly Income | Quarterly Contribution (8.84%) | Monthly Income | Quarterly Income | Monthly Contribution | Quarterly Contribution |
---|---|---|---|---|---|---|---|---|
US$ | US$ | US$ | US$ | EC$ | EC$ | EC$ | EC$ | |
A | 1392.00 | 123.05 | 4333.00 | 396.16 | 3716.64 | 11149.92 | 328.55 | 985.65 |
B | 960.00 | 84.86 | 2880.00 | 254.59 | 2563.20 | 7689.60 | 226.59 | 679.76 |
C | 768.00 | 67.89 | 2304.00 | 203.67 | 2050.56 | 6151.68 | 181.27 | 543.80 |
D | 576.00 | 50.92 | 1728.00 | 152.76 | 1537.92 | 4613.76 | 135.95 | 407.86 |
E | 385.00 | 34.03 | 1155.00 | 102.11 | 1027.95 | 3083.85 | 90.87 | 272.61 |
If persons choose a particular category can they change or do they remain in this category indefinitely?
Answer:Yes, persons can make the appropriate change as their income level changes, but this can only be done after a 6 month period and the category must be immediately above or below.
The following benefits are available to overseas voluntary contributors:
Persons are required to complete an application form to be accompanied by copies of the birth certificate or passport and marriage certificate in case of married women
The Payment of NIS Contributions
Year of Birth | Pensionable Age | Required Contributions |
---|---|---|
1955 and before | 60 | 500 |
1956-1957 | 61 | 550 |
1958-1959 | 62 | 600 |
1960-1961 | 63 | 650 |
1962-1963 | 64 | 700 |
1964 and after | 65 | 750 |
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