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.


Your Pension Obligations

As an employer, joining our Plan is straightforward. Please see How To Join Our Plan for more information. As an employer administering the Plan for your employees, it is your responsibility to ensure that all new employees receive an application form as soon as is practical. Please see our Enrolling New Members section for more information. 

At the Chamber Pension Plan we want to ensure that all new employers and members are familiar and comfortable with the operation of the fund, right from the beginning. If you would like more information on the Chamber Pension Plan, feel free to contact the Administrator to arrange a meeting. It is our aim to establish and continue an excellent working relationship with all our new employers and members participating in the Plan.


Which employers are required to provide a pension plan?


Every employer must provide a pension plan for every person working for that employer in the Cayman Islands. An employer who fails without reasonable cause to provide a pension plan or to make contributions to a pension plan for an employee is guilty of an offence and liable on summary conviction.


Which employees are required to join a pension plan?


Every employee (person working) between the age of 18 and 65 must be a member of a registered pension plan. A person is treated as working in the Islands if:


a) they report to work to an office of their employer located in the Islands; or


b) they are normally resident in the Islands and paid from an office which is situated in the Islands.


Every self-employed person either shall be a member of a registered and approved pension plan or shall contribute to a registered individual retirement account with an approved provider.


Full and part-time employees are required to be covered and so are casual employees, probationary staff and those employees on short-term contracts.


Where an employee is employed by more than one employer, each employer is liable to pay contributions to a pension plan for that employee.