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Are You and Your Employer Making Your Basic Pension Contribution?

The employee and employer are required to make basic contributions that, when combined, equal 10% of the employeeu2019s u201cearningsu201d (up to the yearu2019s maximum pensionable earnings of CI$87,000 a year). Know more: https://silverthatch.org.ky/employer-services/employers-contributions/basic-contributions/

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Are You and Your Employer Making Your Basic Pension Contribution?

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  1. About Silver Thatch Pensions Silver Thatch Pensions is a defined contribution pension plan. Under this programme, employees and their employer make contributions based on employees’ earnings. These are referred to as basic contributions.

  2. Basic Contributions From Employers The employee and employer are required to make basic contributions that, when combined, equal 10% of the employee’s “earnings” (up to the year’s maximum pensionable earnings of CI$87,000 a year). Once the employee has reached the earnings cap of CI$87,000 then contributions can stop until the following calendar year.

  3. Plan Your Retirement The normal retirement date is the first of the month on or after your 60th birthday. However, you can retire earlier. You can retire on the first of any month on or after your 50th birthday. It is also possible to retire after your normal retirement date. Read More

  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 Email : support@silverthatch.org.ky Website : https://silverthatch.org.ky

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