By Charles Gladden

BELIZE CITY, Wed. Oct. 29, 2025

   The Social Security Board (SSB) announced on Tuesday, October 28, that Jerome Palma, who has been serving as Acting CEO of the board since February 2025, is now officially the SSB’s Chief Executive Officer (CEO)  

    Palma had been carrying out the functions of CEO at SSB after the previous CEO, Dr. Leroy Almendarez, was relieved of his post at the end of January, five months after being appointed to that position. Palma, who had become SSB’s Deputy CEO in October 2024, was appointed as Acting CEO immediately after Almendarez’s departure.

   Palma brings extensive leadership experience in risk management, organizational management, investment, and corporate governance. He holds a Master’s degree in Actuarial Science from Heriot-Watt University in Edinburgh, United Kingdom (UK); a Bachelor’s in Pure Mathematics from the University College of Belize; and an Associate Actuary of the Institute and Faculty of Actuaries in the UK.    The SSB Board of Directors believes that Palma is capable of leading the organization through upcoming initiatives, and delivering on strategic priorities for good governance, scheme modernization, operational excellence, and fund stability.