Thursday, 02 February 2012 23:43
THE SOCIAL SECURITY FUND IS 34 YEARS AND COUNTINGWritten by Press Release
Our Pension Fund is Maturing
The St. Christopher and Nevis Social Security Fund is now 34 years old.
Wednesday 1st February 2012 is the anniversary date of the Institution
which was inaugurated in 1978 to replace the National Provident Fund
and to offer more meaningful benefits to the people of St. Kitts and Nevis.
Since its inception, the Fund has steadily progressed to become a major
source of economic stability both for insured persons and for the nation
as a whole. Indeed it has come to be widely respected and regarded as
the single most important agent of income insurance as well as an
important source of funding for economic development. It has made
significant contributions to a wide spectrum of activities ranging from
education and housing to community development support, from sports
to health and more recently national security.
The people of the Federation have had discussions in recent years about
the status of the Fund. They have registered their suggestions for the
necessary reform which will ensure that the Fund remains sustainable
for future generations. The implementation of such reforms is imminent
and will signify the appropriate response to the coming of age of Social
To commemorate this anniversary the Board, Management and Staff will
participate in Thanksgiving services at the Zion Moravian Church in
Basseterre on Sunday 5th February on St. Kitts, and at Henry’s Memorial
Wesleyan Holiness Church at Bucks Hill Nevis on Sunday 12th February.
The Board wishes to say thanks to the people of the Federation for the
success that the fund has achieved to date, and extends an invitation to
the public to join us in worship as we give God thanks for His grace and
providence to our Institution over the years.
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