The FS3 is issued by the Department, usually around April, and is a document showing the total amount of benefits received from the Department of Social Security for the year preceding current year, for example from 01/01/2018 to 31/12/2018, in accordance with the Social Security Act. The FS3 is presented at the Inland Revenue Department for any tax dues.

Workings are not worked out by simply adding all weekly benefit rates and multiplying said amount by 52 weeks.

Calculations are as follows:

6MBO – Six monthly Bonus – Bonus ta’ kull sitt xhur:
Euro 135.10 every six months * 2 payments (June / November)

SPBO – Special weekly Bonus – Additional Bonus – Bonus Addizzjonali
Euro 3.12 weekly / 7 days = Euro 0.445714 a day * 365 days / 366 days (leap year) = Euro 162.69 / 163.13

CLBO – Cost of Living Bonus – Bonus Ghal Gholi tal-Hajja :
TTP – Two Thirds Pension – Pensjoni Kontributorja
Period still covers a whole calendar year – that is, 1 January to 31 December but calculations are divided into two:

Step 1 : First couple of days prior first Saturday of the year * (weekly pension rate for the preceding year / 7 days) (for example : weekly pension rate for 2017 for FS3 year 2018)
Step 2 : (366 (leap year) / 365 days – (minus) first couple of days dealt with in step 1) * ( weekly pension rate / 7days) (for example : weekly pension rate for 2018 for FS3 year 2018)

Example

Rate €210.83 weekly for 2018 €207.66 weekly for 2017
6MBO €135.10 six monthly
SPBO €3.12 weekly
CLBO €8.33 weekly for 2018 €7.75 weekly for 2017

6MBO
€135.10 every six months * 2 payments (June / November) = €270.20

SPBO
€3.12 weekly / 7 days = Euro 0.445714 a day * 365 days = €162.69

CLBO €8.33 weekly for 2018 €7.75 weekly for 2017
(7.75 / 7 * 5 days (01/01/2018 – up to first Friday 05/01/2018) = €5.54
(8.33 / 7 * (365 days a year less preceding 5 days) = €428.40
Total €5.54 + €428.40 = €433.94

Rate €210.83 weekly for 2018 €207.66 weekly for 2017
(207.66 / 7 * 5 days (01/01/2018 – up to first Friday 05/01/2018) = €148.33
(210.83 / 7 * (365 days a year less preceding 5 days) = €10,842.69
Total €148.33 + €10,842.69 = €10,991.02

In this case, the total amount of benefits due to the pensioner, and received from DSS for period from 01/01/2018 up to 31/12/2018, in accordance with the Social Security Act, was as follows:

Rate €10,991.02
6MBO €270.20
SPBO €162.69
CLBO €433.94
Total €11,857.85

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