Foreign workers financed one-fourth of Maltese pension pot
Before COVID-19 foreign workers in Malta paid out €168 million in social security contributions of the total €735 million paid
1 February 2021, 7:52am
by James Debono
Official statistics made available for MaltaToday by the Ministry for Social Justice and Solidarity has shown that 76,866 foreign workers and self-employed persons paid a staggering €168 million in social security contributions in 2019.
This represented an increase of nearly €30 million over that paid in 2018 by 65,092 foreign contributors.
Statistics for 2020 showing the full impact of the COVID-19 pandemic’s downturn and numerous lay-offs of foreign workers are not yet available.
But statistics for the year preceding the pandemic confirm the increasing importance of foreigners in guaranteeing the sustainability of Malta’s pension system.