top of page
DLP Announces Increase to Annual RSA Payments Effective 1 July 2026
The Department of Labour & Pensions has issued updated guidance confirming an increase to the maximum annual withdrawal amount for Retirement Savings Arrangement (RSA) accounts, effective 1 July 2026. Under the updated guidance, the maximum RSA pay-out will increase by 5.2%, moving from CI$15,400 to CI$16,200 per year. This is equivalent to CI$1,350 per month. An RSA is one of the ways eligible retired members may access their pension benefit. The maximum amount a member may
Jun 262 min read
Search
Pension Holiday Period Extended
As announced by the Hon. Deputy Premier on June 16, Cabinet by way of an Order, in accordance with section 1(3) of the National Pensions...
Jun 17, 20211 min read
How can I withdraw money from my pension?
Your pension is for your retirement, but there may be times when you need to partially or fully withdraw it. Perhaps you are leaving...
Jun 17, 20211 min read
Is my employer paying into my pension?
Under the National Pensions Act, every employer in the Cayman Islands shall provide a pension plan for every person employed by him/her....
Jun 2, 20212 min read
Money left at the end of the month? Why not invest in your pension fund?
It can be difficult to save money in an economic environment like the Cayman Islands. The cost of living and unexpected expenses can...
May 17, 20212 min read
Your pension belongs to you, not your employer
A pension is a method of saving for your retirement. It is your money that is overseen by a Pension Plan Provider that helps your money...
May 6, 20212 min read
Know Your Rights: National Pensions Act
As you may be aware, the National Pensions (Amendment) Act 2016 passed in the Legislative Assembly and has now been published in the...
May 4, 20211 min read
Pension 101
Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The...
May 4, 20213 min read
Additional Voluntary Contributions
he member should apply directly to their pension plan administrator and there is no need for the application to be submitted
Apr 30, 20212 min read
About Your Retirement
People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25...
Apr 30, 20214 min read
How to read your member statement
You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In...
Apr 30, 20212 min read
Tips on saving money
It can be difficult to save money whether it be for holidays, a new car or Christmas. The Chamber Pension Plan understands that not all...
Apr 22, 20212 min read
How to teach your children good personal finance habits
Don’t wait for your children to become teenagers before you start teaching them about good personal finance habits; these life lessons...
Apr 10, 20212 min read
Teaching your team financial literacy - Part 1
When issues arise with employees, there is often more to the story than meets the eye. Poor performance, absenteeism, low morale and low...
Apr 9, 20214 min read
How to manage your mortgage
A mortgage to purchase a home is probably one of the biggest loans that you will ever take out in your lifetime. Taking out a loan with a...
Feb 22, 20212 min read
Why AVCs are a good idea
Every employee in the Cayman Islands must contribute at least five per cent of their monthly earnings into an approved pension plan, with...
Feb 13, 20212 min read
Is a pension really worth it?
Pensions have many advantages as an investment savings plan for your retirement years. By using a variety of investment methods, pensions...
Feb 9, 20213 min read
Notification to all Members: Summary of Data Incident
The Cayman Islands Chamber of Commerce Pension Plan is pleased to advise that the Ombudsman’s Office (OMB) has completed it’s review of...
Feb 2, 20211 min read
The Historical Evolution of Pensions in the Cayman Islands
Most, if not all, developed countries throughout the world have some form of pension arrangement for their citizens, meaning that...
Dec 28, 20204 min read
Understanding your Pension Investments
It’s time to start contributing to your pension again as the suspension/holiday period provided for under the National Pensions...
Oct 26, 20203 min read
Tips on saving for a house or a car
There are few items more costly in life than buying a car or a home. Prudent saving before you make a large down-payment of cash is not...
Oct 19, 20202 min read
bottom of page