SSB Hoping Deferred 1% Increase in Contributions Can Begin Soon The shortfall that Cansino spoke of and the huge payouts it has had to make have placed SSB in a precarious position. Now that the economy is gradually rebounding, SSB says the planned one percent increase that was deferred due to COVID is needed even more than it was in pre-COVID times. | News 5 Live
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SSB had a shortfall of $20M largely due to tourism down-turn And while SSB was able to keep its services running for its customers, it did not meet its budgetary projections for collections last year. Cansino explained that SSB makes these projections based on employers’ contributions from year to year. Coupled with that, SSB had to pay out huge amounts for COVID illnesses. | News 5 Live
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