Alice Ramos
Articles
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What is the Plan Conversion Rate?
You can pay your contributions in either Cayman Islands dollars (CI$) or U.S. dollars (USD). If you pay in U.S. dollars, the contributions will be converted to Cayman Islands dollars at a fixed rat...
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How to Transfer Your Pensions to the Verdant Isle Pension Plan
If you want to transfer your pensions from another local provider to the Verdant Isle Pension Plan, follow these steps: Obtain a Transfer Form: Get the transfer form from your current pension prov...
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Who is eligible to pay pensions?
Employees are eligible to join the Verdant Isle Pension Plan on the day they are hired if they meet the following criteria: Are at least 18 years old.Are under 65 years old.Have Caymanian or perma...
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Who is exempt from paying pensions?
Employees who are exempt from paying pensions include: Caymanians under age 23 who are full-time students. Non-Caymanians employed as domestic workers in private residences. Expatriates who have n...
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How can I obtain a most recent copy of my statement?
Here are a few ways to obtain a copy of your most recent statement: Member Portal (coming soon): Our member portal is currently under development and will be launched by August 31, 2024. Email: ...
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I've terminated my residence in the Cayman Islands, how can I access my funds?
If your account balance is less than CI$5,000, you can cash in your investments under the following conditions: Three months after we have received your last contribution. You are no longer residi...
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How to complete the Pension Contribution Sheet
Please follow these steps to input the following information into the contribution template accurately: A. Employer Name (Legal Trade Name): Please enter your company's legal trade name. B. Emplo...
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How to Submit Monthly Contribution Payments
You have several convenient options for submitting your monthly contribution payments: Direct Deposit: Payments can be made via direct deposit at Cayman National. You can pay in either USD or KY...
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When are pension contributions due?
To comply with the Cayman Islands Pensions Act, follow these guidelines for submitting pension contributions to Saxon Pensions: Monthly Submission Deadline: Submit contributions to Saxon Pension...
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What are Mandatory Contributions?
Under the Cayman Islands Pension Act, both you and your employer are required by law to make contributions to a local pension plan. These contributions are known as mandatory contributions. Here’s ...