Economic Transformation Strategy slide image

Economic Transformation Strategy

Social protection expenditures and beneficiaries CHAPTER 2 / BROAD STRATEGY FOR DEVELOPMENT 2012 2013 2014 2015 2016 2017 Social security expenditure No. of beneficiaries 15,311 14,721 15,276 16,201 19,759 21,955 Total amount paid (SCR million) 470 435 467 508 857 1,085 Defined benefits: No. of beneficiaries Retirement 6,774 6,800 6,735 6,669 7,617 10,413 Invalidity 1,186 1,071 1,140 1,180 1,360 1,675 Disability (1) 144 611 Orphans 59 75 66 67 60 63 Semi-Orphan (2) 138 513 653 Others 719 848 595 627 875 997 Discretionary payments: No. of beneficiaries Unemployment Relief Scheme(3) 11 11 8 3 0 0 Youth Training Scheme (4) 0 27 7 8 & 0 Home Carers Scheme 2,502 1,976 2,593 2,641 2,882 3,263 Bursary 2,016 1,617 2,092 1,890 1,619 1,771 Welfare 2,044 1,888 2,040 2,978 4,681 2,509 Amount paid (SCR million) Retirement (5) 213 207 238 252 442 612 Invalidity 34 32 39 41 91 107 Sickness/maternity 8 13 15 12 7 7 Orphans 1 1 1 1 N 1 Semi-orphan (2) Others (6) 2 6 - 10 3 2 3 in 5 2 2 4 Source: Agency for Social Protection 4(1) Prior to 2016, the disability benefit was paid under the invalidity benefit (2) Newly introduced category as of 2015 (3) As of 2016, the scheme was phased out (4) The scheme was relaunched in 2013 (5) As of 2016, retirement includes transfers from Seychelles Pension Fund (6) Includes survivors, funeral and injury benefits 57 40
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