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Exercise Your Rights! Choose a Smart Pension Plan for a Great Retirement Life

Learn more on contributions, additional voluntary contributions and other important information according to the new National Pension Law in Cayman Islands. Know more : https://silverthatch.org.ky/member-services/your-rights-under-national-pension-law-cayman-islands/

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Exercise Your Rights! Choose a Smart Pension Plan for a Great Retirement Life

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  1. About Silver Thatch Pensions About Silver Thatch Pensions In 1998, the Cayman government enacted legislation that requires all employers to provide their workers with pension benefits. Under the National Pensions Law, a pension plan must be registered and meet certain provisions. Silver Thatch Pensions was established in 1997 to meet the requirements of that new legislation. Today, Silver Thatch Pensions is one of the largest pension providers in the Cayman Islands. silverthatch.org.ky

  2. Your Contributions You and your employer are required to contribute an amount that, when combined, equals 10% of your “earnings” (up to the annual maximum pensionable earnings of CI$87,000 a year). Your employer’s share must equal at least 5% of your earnings. If your employer contributes more than 5%, your share of the total 10% contribution will be reduced accordingly. Read More silverthatch.org.ky

  3. Your Rights From the 1st June 1998, every person aged 18 to 60 years who is a member of a defined contribution pension plan must contribute to that plan. This is a requirement of the National Pensions Law (2000 Revision) and by subsequent regulation (the Pensions Law). The contributions are related to total earnings, which include salaries, wages, leave pay, fees, commissions or gratuities, as well as bonus payments that exceed 20% of basic pay. There is an upper limit to earnings specified under the Pensions Law for this purpose; this limit or cap is CI$60,000. Read More silverthatch.org.ky

  4. Contact Us Client Services Agent Saxon Pension Services 14 Saxon Centre P.O. Box 31694 14 Saturn Close, Eastern Avenue Grand Cayman KY1-1207 Cayman Islands Telephone : +1 (345) 943-7770 Fax : +1 (345) 943-7771 Investment Managers Deutsche Bank (Cayman) Ltd Boundary Hall, Cricket Square 171 Elgin Avenue PO Box 1984 Grand Cayman KY1-1104 Call : +1 345 949 8244 Fax : +1 345 949 8178 Plan Administrators Intertrust (Cayman) Limited 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands Telephone : +1 (345) 943 3100 Fax : +1 (345) 945 4757 silverthatch.org.ky support@silverthatch.org.ky

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