PARA
HOW THE CONTRIBUTORY INSURANCE SCHEMES
WORK
1. WHAT IS SOCIAL INSURANCE?
There are two contributery schemes of Social Insurance:
Είσ
b.
T
The Employment Injuries Insurance scheme which came into operation on the 7 July 1952, provides in return for regular weekly contri- butions cash benefits for those who, because of an accident at work or certain industrial diseases are unable to work or are disabled, and for widows, widowers and certain other dependants of industrial casualties;
and
The Social Insurance scheme which came into operation on 3 October 1955 provides, in return for regular weekly contributions, allowances on widowhood and for guardians of orphans; payments at childbirth and death; unemployment benefit and pensions on reaching pensionable age. A married man's contributions provide not only for his personal benefits but also for certain benefits for his wife and family.
The money to pay for the benefits of both schemes comes from the contri- butions of insured persons and employers and from interest on the investments of the Insurance Funds.
2. WHO ARE CONTRIBUTORS
In general, everyone over the age of 15 who is self-employed or employed in Gibraltar or on a ship registered in Gibraltar is compulsorily insurable. These persons are known as "contributors".
3. MAIN RATES OF WEEKLY CONTRIBUTIONS
The main rates of contributions are as follows:.