Rate of contribution

(1) The weekly insurable earnings of an employed person, other than a retired person, the amount of contribution payable by such person and the amount of contribution payable by the employer, shall be the amounts set out in columns 2, 3, and 4 of the respective tables in the Schedule for the periods specified, which corresponds to the actual weekly earnings of the employed person set out in column (1) of the respective tables for the periods specified. (2) The maximum insurable earnings of an employed person shall be the amount set out in the respective tables in the Schedule for the periods specified by each table. (3) The amount of weekly contribution payable in respect of a retired person insured only for the purposes of sections 12 and 17 of the Act (benefit in respect of employment injury and prescribed diseases) in accordance with the Classification Regulations shall be two dollars and sixty cents: Provided that the said contribution shall be payable exclusively by the employer. 24 Social Security (4) The Minister shall, by Notice published in the Gazette, declare the period for Table 3.