Withdrawal Options

Under the National Pensions Law, no member or former member is entitled to a refund; except under the following conditions:


If the value of the member's pension account is less than CI$5,000




Where a member reaches age 65 and wants to but is unable to transfer their pension benefit to an approved pension plan, retirement savings account or similar arrangement, or life annuity




The member's employment is terminated; and

The member no longer resides in Cayman.


A waiting period and/or proof of non-residency may be required (for example, a current letter from an employer confirming the member's address or a sworn affidavit of non-residency.)

If the value of the member's account is greater than CI$5,000, The National Pensions Law requires that after the completion of a two year waiting period members may transfer their account (with the approval of the Director of the Department of Labour and Pensions') to an approved retirement account in another country, or apply for a Retirement Savings Arrangement (RSA) to receive annual payments. Additional information and specific requirements are included in each of the refund packages. 


Refund Forms

As there are additional requirements based on the circumstances of members receiving a refund, there are different forms available, depending on the situation of the member. Please review each one to determine your best option, or contact the administration team, admin@pensions.ky for assistance.  

Transfer to/from another Cayman Pension Provider

Transfer to an Overseas Pension/Retirement Plan (Account must be inactive for two years)

Additional Voluntary Contributions (AVCs) Redemption (For withdrawing AVCs only)

Early Retirement (Age 50 if born before 1970 OR age 55 if born January 1, 1970 or later)

Retirement Application (Age 60 if born before 1970 OR age 65 if born January 1, 1970 or later)

Refund Application Under CI$5,000

Disability Benefit

Death Benefit

Government Housing Application


Members should contact the Administrator should they have any questions concerning meeting the requirements for a refund. The Administrator can be contacted at admin@pensions.ky.


The member's pension cannot be paid out or transferred until their employer makes the final contribution to their account. This may be two weeks or more after the member has stopped working. As a result, you should be aware that a refund or transfer may take three months or more, so do not plan on using a pension refund to leave the Island or to pay expenses.


Administrative expenses incurred while executing the refund, such as draft and courier fees, will be deducted from the refund amount.