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Make the most of your Retirement by Planning your Finances in Advance

We detail critical changes to the pension laws and have created best retirement pension plans in the Cayman Islands. Find top pension plans with Silver Thatch Pensions. Know more: https://silverthatch.org.ky/member-services/cayman-islands-retirement/

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Make the most of your Retirement by Planning your Finances in Advance

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  1. About Silver Thatch Pensions • 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. • 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. Read More

  2. Member Services This section of Silver Thatch Pensions website is dedicated to you. Your retirement savings are an important part of your future. Accordingly, it’s important you know how your pension arrangement works, how your investments are doing, and what’s new at Silver Thatch Pensions. Learn more about:

  3. Employer Services The Silver Thatch Pensions Plan gives Caymanians and other eligible Plan members a wonderful opportunity to build retirement savings. As an employer, additionally it gives you an equally compelling opportunity to support their efforts Learn more about:

  4. How Silver Thatch Pensions Plan Works • The Silver Thatch Pensions Plan is a two-part Defined Contribution (DC) retirement savings program that includes: • mandatory contributions as prescribed by law • a flexible savings arrangement for Additional Voluntary Contributions (AVCs) Under the mandatory aspect of the pension plan, employees and their employer make contributions based on the employees’ earnings. These are referred to as basic contributions. Basic contributions are automatically invested in one or two of three available investment portfolios – conservative, balanced and growth – based on the employee’s personal profile (i.e., age, income range and marital status). Read More

  5. Plan Your Retirement The normal retirement date is the first of the month on or after your 65th birthday. However, you can retire earlier. You can retire on the first of any month on or after your 55th birthday. It is also possible to retire after your normal retirement date. If you want to retire early In order to receive early retirement benefits you must be over the age of 55 and no longer working. You should notify Saxon Pension Services (Saxon Pension Services are Silver Thatch Pensions client services agent) and also notify your employer as soon as you choose a retirement date. Read More

  6. 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 support@silverthatch.org.ky silverthatch.org.ky

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