Self-employed persons can qualify for all the benefits offered by the NIS.
Contributors are entitled to claim as many times as they meet the qualifying conditions for a benefit.
The normal age is 16-60. However all employed persons regardless of age must register (this includes temporary and part-time workers and students with summer or part-time jobs). The contribution rate for person below or above the normal age is 1%. It is paid by the employer only.
That is the maximum salary on which NIS contributions must be deducted. Currently it is $5,000 for monthly paid workers. This includes:
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Overtime payment;
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Cost of living bonus;
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Commission on sales or similar payments;
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Gratuities
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Payments for night or shift-work
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Production bonus;
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Service charge
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Holiday pay etc.
The employee must present the following documents:
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An original certified birth certificate
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A valid picture ID
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An original certified marriage certificate (if applicable)
Under the CARICOM Reciprocal Agreement on Social Security, if a person works in more than one member country and paid sufficient contributions in each country to qualify for a pension then, each country is required to pay him a separate pension based on its local Regulations. However, if he did not pay sufficient contributions to qualify for a pension in each country, the contributions paid in each member country is combined to assist him/her in meeting the qualifying conditions for such a pension. If upon combining his contributions he qualifies for such a pension, each member country where he worked is required to pay a proportional amount of the pension payable. Grenada is a party to the CARICOM Reciprocal Agreement on Social Security,
Grenada also has a Reciprocal arrangement with the Canadian Social Security.