The Provident Fund Approach to Social Security in the Eastern Caribbean

Bibliographic Data

ID2112149
AuthorsLeonard P Fletcher (corresponding author)
Year1976
Volume5
Issue1
Pages1-17
Publication date1976-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Social Policy (JOURNAL)
Journal identifiersISSN: 0047-2794 • E-ISSN: 1469-7823
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0047279400004463
OpenAlexW2012477642
LanguageEN
Citations received4

The paper describes the introduction of National Provident Fund Schemes in the British Leeward and Windward Islands under the guidance of the British Government during the 1960s. Adopted on the recommendations of technical experts from the United Kingdom, the schemes are very similar (except for the inoperative one in one of the territories where unfavourable political developments occurred); they are funded by payroll taxes levied on both employers and employees, cover nonpensionable employees between ages 16 and 60 and make provisions for retirement and other benefits which have mostly been deferred. The operations of the schemes are discussed, with critical attention being given to the use made of the accumulated funds. Many weaknesses of the schemes are discussed, some of which make them inferior, in the writer's view, to alternate programmes suggested several years earlier. The paper concludes with the hope that in spite of the schemes' limitations, improvements will be made so as to improve the prospects for social security in the region

Business · Cover (algebra) · Economic growth · Economics · Government (linguistics) · Market economy · Payroll · Payroll tax · Political science · Politics · Social security · Strengths and weaknesses · Accounting · Caribbean history, culture, and politics · Community Development and Social Impact · Engineering · Finance · Housing, Finance, and Neoliberalism · Law · Public Administration

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