Your pension should be just that yours

Don’t add to someone else’s profit.


Chamber Pension is Cayman’s only not-for-profit pension plan. That means your money grows for you, rather than in someone else’s pocket.


Paying pension contributions

We encourage employers to utilise online payments as a fast and easy method of completing your monthly contribution record.

There are a few methods of paying online:

 

Through Butterfield Online

Employers with a Butterfield account can easily make monthly contributions through the online banking service, Butterfield Online.  

To set up payments, simply sign on, select Payments using the left panel or view your dashboard for easy access and follow the following steps:

  1. Select Pay Bills from the dropdown list or click the dashboard icon
  2. Select Add Biller at the top of your payment template
  3. Select the Insurance & Pension Companies category from the dropdown list
  4. Select Chamber Pension as the payee name
  5. Enter the Chamber Pension account number in the currency associated with your account USD Account: 01210070310 or KYD Account: 02201070310

Once you have registered the Chamber Pension as a payee, you have the option of making payments using the registered payee template for bill payments.  

Banking details

Account name: Chamber of Commerce Pension Plan

Bank: Butterfield Bank

Bank transit: 00000

Bank address: Butterfield Place Bank Centre, 12 Albert Panton Street, George Town, Grand
Cayman, Cayman Islands

USD Account: 01210070310
Account type: USD CALL ACCOUNT

KYD Account: 02201070310
Account type: KYD SAVINGS

​If you do not have access to online banking, please contact a Butterfield Bank representative

 

Through Domestic Transfer (Automated Clearing House ("ACH"))

Employers banking with any of the ACH participating banks are encouraged to contact their respective banks to utilise the domestic transfer option

ACH participating banks are as follows: 

  • Butterfield Bank (Cayman) Limited
  • Cayman National Bank Ltd
  • CIBC FirstCaribbean International Bank (Cayman) Limited
  • Fidelity Bank (Cayman) Limited
  • RBC Royal Bank (Cayman) Limited
  • Scotiabank & Trust (Cayman) Ltd.

The ACH is used to facilitate Electronic Funds Transfers (EFT) and the exchange and settlement of cheques between participating banks. 

Generally, domestic transactions initiated on or before 2 PM are completed within the same day.   

Immediately after the payment has been processed, please forward the supporting contribution record to admin@pensions.ky.

 

Through Bank Deposit 

If you are unable to make a payment online, then a cheque for the total amount calculated on the contribution record as well as a completed Butterfield Bank deposit slip can be delivered either in person, or by mail. 

Paying in person

Any retail branch of Butterfield Bank or;

2nd Floor, Strathvale House, 90 North Church Street, Grand Cayman

Paying by mail

PO Box 609, Grand Cayman, KY1-1107, Cayman Islands

 

Related Resources

Supporting information can be sent to admin@pensions.ky

Contribution Record Form

Employee Enrolment Form

All other employer forms