The self employed a critical gap in the caribbean social security systems
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The Self–Employed-a critical gap in the Caribbean social security systems. Frank W. Alleyne GCM,Ph.D. Diversity of the self-employed class. Highly paid professionals Small business persons Informal sector own- account operators Small farmers Fisher folk. Social security challenges.

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The self employed a critical gap in the caribbean social security systems

The Self–Employed-a critical gap in the Caribbean social security systems

Frank W. Alleyne GCM,Ph.D


Diversity of the self employed class
Diversity of the self-employed class security systems

  • Highly paid professionals

  • Small business persons

  • Informal sector own- account operators

  • Small farmers

  • Fisher folk


Social security challenges
Social security challenges security systems

  • Coverage of both groups is problematic.

  • But it is a greater problem among the low income group.


Why is low coverage of the self employed a cause for national concern
Why is low coverage of the self- employed a cause for national concern?

  • Undercuts the purpose of social security.

  • Exposes vulnerable groups to hardships.

  • Absence of a logical connection between high lifetime earnings and the ability to plan for retirement.


Extent of coverage
Extent of coverage national concern?

  • Statistical information is generally unavailable.

  • Estimated high of 22% -Barbados

  • Low of 7% in Dominica.




Factors accounting for the coverage gap
Factors accounting for the coverage gap national concern?

  • Exclusion at the inception , appears to have generated a perception of discrimination.

  • Social security Boards` reservations with respect to manipulation of regulations.

  • Higher costs of premiums and lower levels of coverage.

  • No representation of the self-employed at the policy level.

  • Weak compliance mechanisms.

  • Low levels of investment in public education.


Confronting the challenge
Confronting the challenge national concern?

  • Reform governance system to include representatives of the self –employed.

  • Revise the necessary legislation to require that professionals and other established business persons who are required to register yearly, provide a certificate of compliance with the Social Security legislation.


Confronting the challenge cont d
Confronting the challenge (cont`d) national concern?

  • Conduct surveys to prioritize the needs of the self-employed for coverage.

  • Assist the self-employed in strengthening the capacity of their organizations to deliver education programs in partnership with the Social Security organizations.


Confronting the challenge cont d1
Confronting the challenge (cont`d) national concern?.

  • Provide for flexible contribution systems to accommodate individuals who experience irregular earnings patterns.

  • Provide for mandatory coverage and the compliance resources to give effect to the legislation.


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