Payroll

Guyana's Employers Pay 8.4 Per Cent of Every Wage Into the National Insurance Fund. Its Own Accounts Say the Actuary's Recommendations Were Not Implemented.

Employers pay 8.4 per cent of every wage up to G$280,000 a month into Guyana's National Insurance Scheme. The Scheme's 2023 accounts state that the actuarial valuation due as at 31 December 2016 was completed and that the Actuary's recommendations were not implemented.