Live Breaking News & Updates on David Spiteri|Page 3
Stay updated with breaking news from David spiteri. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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. ....