Long Term: Invalidity Grant (One Lump Sum)

Home / Long Term: Invalidity Grant (One Lump Sum)

 

HOW TO QUALIFY

 

YOU MUSTREQUIREMENTSTIME REQUIREMENT
Be under 60 yearsPresent a medical certificate, stating cause of illness causing invalidity on INV1 formInvalid insured contributor obtains Invalidity Benefit Claim Form (INV1)
Be an invalid, according to the Social Security Act; i.e. unable to carry out any kind of workClaim must be signed and dated by a registered doctor in Belize.Please click below to download form INV1
Be sick for 13 consecutive weeksClaim must be signed and dated by the insured contributor Submit claim on prescribed form within 13 weeks of the date that you become entitled to claim invalidity benefit
Invalidity grant is paid if pension is not payable, and the insured contributor has a minimum of 26 paid contributionsAn assessment by a medical board, set up by Social Security, must confirm invalidity

RATE AND PAYMENT OF BENEFIT

Social Security pays

the higher amount calculated with the above formulas

 

Formula:

6 x sum of insurable earnings in best 3 years of contributions ÷ 150 x units of 50 contributions; or
2.5 x sum of weekly insurable earnings ÷ number of contributions x units of 50 contributions

Minimum Grant is $800

It is a one-time payment

2018 PENSION CALENDAR