The social security in Kiribati is regulated by a law of 1976, which provides for a provident fund system.

The system covers employed persons aged 14 or older earning at least A$10(approximately USD 10)a month. Voluntary coverage is available for persons without mandatory coverage. Expatriates working in Kiribati under an overseas contract are excluded from the system.

Funds are contributed by both the insured person and its employer in the following proportions: (i) Insured person: 7.5% of gross wages; and (ii) Employer: 7.5% of payroll. Additional voluntary contributions are possible.

The old-age benefit is payable to both men and women at age 50 or at any age if emigrating permanently. Early withdrawals are possible at age 45 if the person retires permanently from employment or if enough evidence of the intention to do so is provided. Partial withdrawals are permitted at age 45 while employed.

The old-age benefit consists of a lump sum of the total employee and employer contributions plus accumulated interest (the interest rate is 6% a year[1]). Multiple partial withdrawals are permitted. If the fund member makes a partial withdrawal at age 45 while employed, the remaining amount cannot be withdrawn until age 50.

Up to 70% of the member’s account balance may be pledged against a loan from approved lending institutions. In the event of loan default, the outstanding sum is paid from the account if under court order.

The National Provident Fund Board administers the program and consists of two representatives each from government, employer organizations, and employee organizations

[1]The National Provident Fund Board reviews the interest rate annually.


Source:Social Security Programs Throughout the World: Asia and the Pacific, 2010, available at

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