1961 Regulations, 2021

L.N. 57 of 2021

SOCIAL SECURITY ACT

(CAP. 318)

The Pensionable Income in accordance with the Thirteenth

Schedule for persons born from 1st January 1956 to 31st December

1961 Regulations, 2021

IN EXERCISE of the powers conferred by article 84 of the

Social Security Act, the Minister for Social Justice and Solidarity, the

Family and Children’s Rights, with the concurrence of the Minister for

Finance and Employment, has made the following regulations:-

The title of these regulations is The Pensionable Income in

accordance with the Thirteenth Schedule for persons born from 1st

January 1956 to 31st December 1961 Regulations, 2021.

These regulations apply for persons born from 1st January

1956 to 31st December 1961 who are employed in the private sector,

or who are self-occupied persons, and their sector of employment has

been adversely hit by the Covid-19 pandemic, and their employment or

self-occupation has been assisted by Malta Enterprise due to the

Covid-19 pandemic.

These amendments refer

(a) in the case of an employed person, where the basic

wage or salary of the year 2020 shall be considered for

Pensionable Income purposes, and the basic wage or salary in

between January and February 2020 has thereafter decreased in

any period from March to December 2020 due to the Covid-19

pandemic, the basic wage or salary of between January and

February 2020 shall be annualised and the result shall be

considered to be the annual basic wage or salary for the whole of

the year 2020 for Pensionable Income purposes;

(b) in the case of a self-occupied person, where the net

earnings in the year 2020 shall be considered for Pensionable

Income purposes, and if such net earnings have decreased in the

year 2020 compared to the net earnings of the year 2019 due to

the Covid-19 pandemic, the net earnings for the year 2020 shall

be considered to have been equal to those net earnings declared

in the year 2019 for Pensionable Income purposes.

€0.09