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Latest Apr 3 February NAVs Available: Chamber Pension Fund's February 2024 Performance Feb 19 January NAVs Available Feb 15 Empowering Women for a Secure Retirement

Update your contact details Download and fill out the PDF form. Upload it through the link or email it to us at admin@pensions.ky . Thank you. ​ Alternatively, you can update your details by clicking the link below.: Change of Member Information ONLINE FORM Change of Member Information PDF FORM Upload your updated contact details form here Upload File Upload PDF here Your Signature Clear Submit Thanks for submitting!

Latest January NAVs Available CONTRIBUTION RECORDS HOW TO ENROLL EMPLOYERS FORMS EMPLOYERS FAQ's Welcome to the Chamber Pension Plan. As an employer, joining our Plan is straightforward. Please see below 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 below the 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. As a not-for-profit entity, the Chamber Pension Plan does not charge front-end fees or account-level charges. Employers Pension 101 About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More employer 101

Do you have any questions? About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More

How can I withdraw money from my pension? 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. About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More Withdrawal Options Explore various withdrawal options for your pension funds to best suit your needs. Whether considering early withdrawal for smaller balances or understanding options for larger account balances, we provide guidance for every step. ​ For Funds Under $5,000 Members with account balances of under $5,000 may qualify for early withdrawal. For further details, please contact our administrative support team to find out how to apply. For Larger Balances Early Retirement: Access your pension starting at age 55, provided you have ceased working. Standard Retirement: Benefit from standard retirement options at age 65. Flexible Transfers: Move your pension funds to an approved pension plan, retirement savings account, or lifetime annuity. Overseas Transfers Pension funds can potentially be transferred overseas if certain conditions are met. These conditions include your employment has ended, you no longer reside in the Islands, and no mandatory pension contributions have been made on your behalf for two or more years. ​ Additional Voluntary Contributions (AVCs) Enhance your pension through AVCs, which allow for early access under circumstances like medical needs, temporary unemployment, housing, or educational expenses. For further details on accessing your AVCs, please review this documentation provided by the Department of Labour and Pensions. Your pension cannot be paid out or transferred until all contributions by your employer are completed, which might extend beyond your employment period. Processing a refund or transfer could take three months or more, so plan accordingly. Administrative fees incurred will be deducted from the refund amount. ​ For more detailed information, contact us at admin@pensions.ky or call 745-7630. We're here to help you navigate your options to achieve your retirement goals.

Privacy Notice 1. PURPOSE OF THIS DOCUMENT ​ 1.1 The Cayman Islands Chamber of Commerce Pension Plan (“Chamber Pension Plan”) is committed to being a responsible custodian of the information you provide to us and the information we collect in the course of operating our business and providing pension services. 1.2 This Privacy Policy sets out how we may collect, use and share information about you and individuals connected to you and describes: The types of information, including personal data, we may collect; How we may use and share the information we collect; Legal grounds for using personal data; The measures we have in place to protect and safely store the information we collect; Retention of the information we collect; Your choices and rights in respect of the information we hold; How to contact us; Complaints; and Changes to this privacy notice. 1.3 Wherever we have said, “we”, “our” or “us”, we mean Chamber Pension Plan. 1.4 Where there is any conflict between the terms of this Privacy Notice and any other document in relation to data protection the terms of this Privacy Notice shall prevail, although its contents are not contractual. 1.5 An “individual connected to you” could be any guarantor, a director, officer or employee of a company, partners or members of a partnership, any substantial owner, controlling person, or beneficial owner, trustee, settlor or protector of a trust, the account holder of a designated account, recipient of a designated payment, your attorney or representative (e.g. authorised signatories), agent or nominee, or any other persons or entities with whom you have a relationship that is relevant to your relationship with us. Whenever we say “you”, “individuals connected to you” should be read as included as well. 1.6 For the purpose of this Privacy Notice, Chamber Pension Plan will act as a data controller in accordance with the Cayman Islands Data Protection Act (as amended from time to time) (the “Act ”). 1.7 Please ensure that any relevant individuals are made aware of this Privacy Notice and the individual rights and information it sets out, prior to providing their information to us or our obtaining their information from another source. If you, or anyone else on your behalf, has provided or provided information on an individual connected to you, you or they must first ensure that you or they have the authority and appropriate legal basis to do so. 2. INFORMATION WE COLLECT ​ 2.1 This Privacy Notice is concerned with the personal data we collect about you. Personal data means any data by which you as an individual can be directly or indirectly (e.g. if several pieces of data are combined) identified. Data that is completely anonymised or de-personalised will not count as personal data. 2.2 Some of the personal data we hold about you will have been supplied by yourself. Other personal data may have come from your solicitors or other intermediaries, or other sources you’ve asked us to obtain information from. We might also get some personal data from publicly available sources. 2.3 We will usually collect personal data such as: a) personal details (e.g. name, previous names, gender, date and place of birth, occupation); b) identification materials we may need for our compliance obligations (e.g. a copy of your passport or national identity card, proof of status, employment details, utility bills, financial details and/or source of wealth etc.); c) contact details (e.g. address, email address, position in the company, landline and mobile numbers); d) other information about you that you may have provided us with during the course of our relationship with you, (e.g. by filling out forms or during face-to-face contact, telephone, email and the like); e) financial information and information about your relationship with us, including your ways of interacting with us, sort code and account numbers; f) complaints or disputes you may have had with us and details of the underlying transaction (where applicable); g) information about you which is a matter of public record or readily obtainable and which we deem relevant (media, court judgements etc.); h) records of correspondence and other communications between you and your representatives and us, including email, telephone calls, letters and the like; i) information that we need to support our legal and regulatory obligations (e.g. information about transaction details, detection of any suspicious and unusual activity and information about parties connected to you or these activities); and j) information from third-party providers who assist us to combat fraud, money laundering and other crimes. 2.4 In addition to the above, in relation to our Website www.chamberpension.ky we may also collect: (a) information that you provide to us, such as when you fill out a contact or web form, or if you register to receive alerts or updates; (b) information that we obtain or learn, such as information about the browser or device you use to access the Website, how you use this site and the pages you visit, traffic and location data; (c) information you provide to us if you experience problems when using the Website. We may also ask you to complete surveys for research purposes, although you don't have to respond to these; (d) if we have an existing relationship with you, and we are able to identify you from information obtained or provided by your use of the site, we may associate those sets of information, for example to enable us to respond to a query you have submitted; and 2.5 Please note that the Website is not designed or intended for children and we do not knowingly collect data relating to children. ​ 3. HOW WE WILL USE PERSONAL DATA ​ 3.1 We will only use your personal data when the law allows us to. Most commonly, we will use your personal data in the following circumstances: (a) Where we need to perform the contract we have entered into with you. (b) Where we need to comply with a legal or regulatory obligation. (c) Where it is necessary for legitimate interests pursued by us or a third party and your interests and fundamental rights do not override those interests. (d) Where we need to protect your interests (or someone else's interests). (e) Where it is needed in the public interest or for official purposes (such as compliance with a court order or regulatory direction). ​ 3.2 Based on the reasons for using your data noted above, the purposes for which we use your information commonly include: a) To contact you about your pension plan (performance of a contract) b) To carry out our obligations arising from any contracts entered into between you and us and to provide with you the information, products and services you request from us (performance of a contract; legitimate interests) c) To provide you with information about your plan and any changes that may impact you; (legitimate interests); d) To permit selected third parties: to provide you with information about goods or services which we feel may interest you; and/or to assist us in the improvement and optimisation of advertising, marketing material and content, our services and the website; (consent; legitimate interests) e) To assist us in the improvement and optimisation of advertising, marketing material and content, our services and the website (legitimate interests) f) To notify you about changes to our service (performance of a contract; compliance with legal obligations; legitimate interests) g) To ensure that content from our website is presented in the most effective manner for you and your computer (legitimate interests) h) To verify your identity (compliance with legal obligations; legitimate interests) i) As part of our efforts to keep our Website safe and secure and to prevent or detect fraud (legal obligations; legitimate interests) j) To provide customer support (performance of a contract with you) k) To comply with the requirements imposed by law or any court order (legal obligations) 4. INFORMATION ABOUT THE WEBSITE 4.1 IP addresses We may collect information about your computer (or mobile device), including where available your IP address, operating system and browser type, for system administration or for our own commercial purposes. This is statistical data about our users’ browsing actions and patterns, and does not identify any individual. ​ 4.2 Web Browser Cookies A web browser cookie is a small text file that is sent by a website to your computer or mobile device where it is stored by your web browser. Web browser cookies may store information such as your IP address or another identifier, your browser type, and information about the content you view and interact with on the Website. By storing such information, web browser cookies can remember your preferences and settings and analyse how you use the Website. ​ 4.3 Tracking Technologies: Web Beacons/Gifs, Pixels, Page Tags, Script Emails and mobile apps may contain small transparent image files or lines of code to record how you interact with them. This information is used to help website and app publishers better analyse and improve their services. ​ 4.4 Your Choices: Managing Cookies and Opting Out You can choose how web browser cookies are handled by your device via your browser settings, including refusing or deleting all cookies. Some devices allow you to control this via your device settings. If you choose not to receive cookies at any time, the website may not function properly and certain services will not be provided. Each browser and device is different, so check the settings menu of the browser or device you are using to learn how to change your advertising settings and cookie preferences. ​ ​ 5. WHOM WE MIGHT SHARE YOUR PERSONAL DATA WITH ​ 5.1 We may share relevant personal data of yours with other parties where it is lawful to do so, including where: (a) it is necessary to comply with our contractual obligations or with your instructions; (b) we have a public or legal duty to do so (e.g. to assist with detecting and preventing fraud, tax evasion and financial crime or compliance with a court order); (c) we are obligated to in connection with regulatory reporting, litigation or asserting or defending legal rights and interests; (d) we have a legitimate business reason for doing so (e.g. to manage risk or verify identity); (e) we have asked you if we can share your personal data, and you gave consent; 5.2 Parties we might share your personal data with can include (without limitation): (a) third party administrators such as Saxon Administration Ltd Fund Services; (b) other service providers acting as processors who provide IT and system administration services, anti-money laundering service providers and services to enable us to perform our contract with you; (c) banks you instruct us to make payments to and receive payments from; (d) third parties who host the Website or provide services related to it, including IT security providers; (e) any people or companies where required in connection with potential or actual corporate restructuring, merger, acquisition or takeover, including any transfer or potential transfer of any of our rights or duties under our agreement with you; (f) law enforcement, government, courts, dispute resolution bodies, our regulators, auditors and any party appointed or requested by our regulators to carry out investigations or audits of our activities; (g) other parties involved in any disputes, including disputed transactions; (h) fraud prevention agencies who’ll also use personal data to detect and prevent fraud and other financial crimes and to verify your identity; (i) anyone who provides instructions to us on your behalf (e.g. under a Power of Attorney, solicitors, intermediaries, etc.); (j) anybody else that you instructed us to share your information with by you; ​ 5.3 We might share aggregated and/or anonymised or de-personalised data with third parties for analytics, marketing and research purposes. Where we do so, we will ensure that neither you nor any other person will be identifiable from the data. ​ ​ 6. RETENTION OF PERSONAL DATA ​ 6.1 We keep personal data only for as long as it is necessary for the specific purpose the data was collected for or as long as we are required by applicable laws and regulations. We are generally required to retain its records for at least six (6) years from the date the contractual relationship with you ends or potentially longer, depending on the kind of data and relevant laws and regulations applicable to it. 6.2 We may keep personal data likewise for longer periods where we have a legitimate interest in doing so, for instance, to address complaints, assert or defend our rights in litigation or other dispute resolution procedures or respond to requests from regulators or assist judicial authorities. 6.3 Any information we are not required to hold for any minimum period and for which there is no purpose in us holding it anymore will be deleted, destroyed or returned to you more promptly. 6.4 Where we share your personal data with third parties, the privacy notices and laws and regulations of the third party will determine how long they will have to retain your data. ​ ​ 7. INTERNATIONAL TRANSFERS OF PERSONAL DATA ​ 7.1 Where we have to transfer personal data outside of the Cayman Islands we will ensure that the transfer is lawful and that the data is appropriately secure and protected. Where necessary, we will ensure that separate and appropriate legal agreements are put in place with the recipient of that data. 7.2 Reasons for having to transfer your personal data outside the Cayman Islands may include: (a) we need to carry out our contract with you; (b) we have to fulfil a legal obligation; (c) we need to protect the public interest; and/or (d) for your or our legitimate interests. ​ 7.3 In some countries the law might compel us to share certain information (e.g. with tax authorities). We will only share any information with parties who have the lawful authority and right to see it and only to the extent that such parties are permitted to see it. ​ ​ 8. INDIVIDUALS’ RIGHTS ​ 8.1 As an individual or “data subject”, you have certain rights in relation to your personal data. These rights include: (a) the right to access the information we hold about you and to obtain information about how we process it; (b) the right to object to and withdraw your consent to our processing of your data. This right can be exercised at any time. However, we may continue to process your personal data if there is another legitimate reason or legal obligation for doing so. Please also note that depending on which kind of processing you object to, we may no longer be able to perform our contractual obligations with you. (c) the right to request that we rectify the information we hold about you if it is inaccurate or incomplete; (d) in some circumstances, you have the right to request the erasure and deletion of the personal data we hold. We may however continue to retain it if we are entitled or required by law to do so; (e) the right to object to, and to request that we restrict, our processing of your information in some circumstances. Please note that despite this general right we may be entitled under law to continue processing the information and/or to refuse that request; (f) Rights relating to automated decision-making and profiling. We do not engage in any automated decision-making or profiling which could in any way adversely affect you. 8.2 You also have the right to complain to the data protection regulator in the Cayman Islands, which is the Office of the Ombudsman. You can access their website here: ombudsman.ky 8.3 You may also be able to seek redress for any violation of your data protection rights in the Cayman Islands courts or challenge a decision by the regulator. 9. MISCELLANEOUS ​ 9.1 Please ensure that any data you give us or ask third parties to provide to us is up-to-date, accurate and complete in all respects. Please inform us about any changes as soon as reasonably possible. ​ 9.2 We use a range of measures to keep information safe and secure which may include encryption and other forms of security. We require our staff and any third parties who carry out any work on our behalf to comply with appropriate compliance standards including obligations to protect any information and apply appropriate measures for the use and transfer of information. However, the transmission of information via the internet is not completely secure and we cannot guarantee that all of your private communications and other personally identifiable information will never be disclosed once it leaves our network. If you wish to know more about our data protection measures, please contact us using the contact details in section 10 below. ​ 9.3 This Privacy Notice is governed by the laws of the Cayman Islands. Any dispute arising from or in connection with this Privacy Notice is subject to the exclusive jurisdiction of the Cayman Islands courts. ​ ​ 10. CONTACT US For any further questions or queries in relation to this Privacy Notice, please get in touch by emailing pensions@chamberpension.ky ​ ​ Payment Methods

To find out the estimated income you’ll receive at retirement, please fill out the following Retirement Income Pension Calculator form below. calculator Current Age Current Age must be 1 - 99 years Life Expectancy Life Expectancy must be between 1 - 99 years Expected Monthly Contributions Expected Retirement Age Retirement Age must be 1 - 99 years Existing Pension Balance Existing Pension Balance must be between 0 and 9,999,999 Current Contribution must be between 0 and 9,999 Submit Clear Example Annual Growth Rate 3% 5% 7% 9% Definitions Current Age: Your current age. Expected retirement age: Your expected age at which you will cease employment. According to the National Pension Act, the normal age of pension entitlement is 65 and 55 for early retirement. Life expectancy: The average period that you may expect to live. Balance of existing pension: The total current value of your existing pension account held with the Chamber Pension Plan. Expected contributions per month: Total expected contributions per month (please include employer and employee contribution). According to the National Pension Act, a member shall contribute a maximum of five per cent of his[/her] earnings up to the year’s maximum pensionable earnings and the employer shall contribute an amount equal to the amount contributed by the member (5% employer + 5% employee = total 10%). Projected Pension Fund $: Total estimated value of your pension based on your expected retirement age. Projected Annual Income $: Total estimated annualized income divided by years of life expectancy. Projected Monthly Income $: Projected Annual Income (PAI) divided by calendar year (PAI/ 12= Projected Monthly Income). Understanding our annualized breakdown Please refer to the growth rate that closely matches your five-year Lifecycle Fund performance and see our most recent Fund Fact Sheet for those details. We provide four annualized growth rate percentages (3% 5% 7% and 9%). If you are unsure of your Lifecycle Fund, please contact our administrative team. Processing the results If the sum estimated in the Projected Annual or Monthly Income is lower than 70% as an income replacement, members should consider making additional voluntary contributions (AVCs). To find out how to make AVCs click here. Disclaimer This website was developed for assisting employees with determining estimates of the accumulations of the Chamber of Commerce Pension Plan. Estimates on this web page are for educational purposes only. THIS SITE AND THE PRODUCTS AND SERVICES REFERENCED HEREIN ARE PROVIDED "AS IS" WITHOUT ANY WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED. THE OWNER OF THIS SITE AND THE CHAMBER PENSION PLAN ARE NOT LIABLE FOR ANY DAMAGES, INCLUDING ANY CONSEQUENTIAL DAMAGES, OF ANY KIND WHICH MAY RESULT TO THE USER FROM THE USE OF THE SITE, OR ANY OF THE PRODUCTS, SERVICES OR CALCULATORS REFERENCED HEREIN. IN PARTICULAR, THE CALCULATORS REFERENCED HEREIN SHOULD NOT BE USED FOR MAKING IMPORTANT, CRITICAL OR LIFE-DEPENDENT DECISIONS WITHOUT CONSULTING AN EXPERT.

Account Changes ​ ​ To make any changes to your account (example: address, phone number, email, etc), a Change of Member Information Form must be filled out and submitted to the Administrator with a copy of your valid passport photo page. ​ If you would like to change your name and/or beneficiary (either due to marriage or divorce), a Change of Member Information Form must be filled out and submitted to the Administrator with a copy of your marriage certificate or divorce decree, as well as a copy of your valid passport photo page. ​ Also, in order to change a beneficiary, complete the Change of Member Information Form. Change of Member Information Access form here About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More Member Forms member change info

It is our aim to provide the best-performing, most trusted pension plan for employees and businesses in the Cayman Islands in an efficient and cost effective manner. Our vision is to be the recognised leader for the provision of pension plans in the Cayman Islands. We will achieve this by focusing on providing maximum risk-adjusted returns for our members through prudent and shrewd investing, tailored to the individual’s specific needs and goals, while also excelling in customer service because we always put our members first. The Chamber Pension Plan is driven by individuals whose core values include integrity, prudence and creating peace of mind for members. OUR STRUCTURE BOARD OF TRUSTEES FINANCIAL STATEMENTS PENSION FUNDS How it all started Our story started in 1992 when the Chamber of Commerce spotted the need for an affordable pension plan that was run for the benefit of the Cayman Islands' community, rather than for profit. Today the Chamber Pension Plan is the most cost-effectively run plan in the Cayman Islands when all relevant expenses are taken into account. ​ As a not-for-profit entity, we do not charge the management fees or account-level charges that many of our competitors impose on their members. Our cost base is very low, which benefits each and every member, as more of your dollars are invested in your future. ​ The Plan is a defined contribution pension plan and is registered under the National Pensions Act. It is available to all Caymanians and residents who either work for an employer participating in the Chamber Pension Plan or are self-employed. ​ Today the Chamber Pension Plan is one of the largest multi-employer pension plans on the island with over 18,000 members and over 1,600 employers participating. The local financial industry has shown its confidence in the Plan, with banks, law, accounting, and investment companies among our member firms. OUR STORY OUR STRUCTURE Accountability and Transparency Board Members. Our Structure Volunteering as a trustee Cayman Islands Chamber of Commerce The Plan is controlled by its members through an elected board of trustees who are all senior-level executives and professionals from the Cayman Islands' business community. These volunteer trustees, all fellow members, constantly monitor the performance of the investment managers, fund administrators and partners. Click here for more information about our Trustees. The Plan’s investment portfolio is managed by professional international money managers, as described under the Investment Managers section. ​ Low administrative costs, efficient management and sound investment policies are combined so our members can rest easy, knowing that their money will be working hard for them until they retire. Click here for more information about the Plan structure. Ever consider being a trustee of the Chamber Pension Plan? Your time and expertise could be a valuable asset management of the Plan. Download the form here. Sponsored by the Cayman Islands Chamber of Commerce, the Chamber Pension Plan was created with only the best interests of workers in the Cayman Islands at heart. It is a plan designed for and managed by the community which means it meets our local needs better than any foreign plan ever could. ​ The Chamber of Commerce, as the sponsor to the Chamber Pension Plan, participates in the management of the plan by appointing two Trustees to the Board. Visit caymanchamber.ky for further information about the Cayman Islands Chamber of Commerce. Board of Trustees To play, press and hold the enter key. To stop, release the enter key. About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More BOARD OF TRUSTEES

Audited Financial Statements We are proud of our product and continually seek ways to deliver better transparency to our members. Below is a record of the Chamber Pension Plan's financial performance since 2010. 2022 2023 - - 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

Account Changes ​ Terminating or Transferring Members When a member terminates employment, the former employer should outline the employee’s options as they relate to the Chamber Pension Plan. These options are as follows: ​ If the employee begins future employment with an employer that is not in the Chamber Pension Plan, their account will be flagged as inactive and the only fluctuation in the value will be NAV driven as no direct fees are charged to the account. They may also choose to become a voluntary member of the Chamber Pension Plan. As a voluntary member, they can choose to continue contributing to the Chamber Pension Plan while they are contributing to a different plan through their future employer; ​ ​ If the employee begins future employment with an employer that is not in the Chamber Pension Plan and wishes to transfer their balance from the Chamber Pension Plan to their new employer’s plan, they can do so by completing an Individual Transfer Request Form. The completed form should be returned to the Administrator for processing; ​ ​ The member can choose to retire if they meet the necessary criteria; or ​ ​ If the member becomes a non-resident or is an expatriate leaving the Island, they can choose to apply for a refund (see Withdrawal Options ). ​ ​ If the member is not seeking future employment and is leaving Cayman please direct them to the members' section, withdrawal options tab on this site. The employer should notify the Administrator of the termination by attaching a note to the employer's contribution forms when they are sent to the Administrator. About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More Employers Forms

Get in Touch Contact Us Administrator’s Agent 14 Saturn Close, Eastern Avenue. P.O. Box 30256, Grand Cayman. KY1-1202 Office Hours: Monday to Friday* 8:30 AM to 5:00 PM *(9:00 AM to 5:00 PM on Wednesday only) ​ Hotline: 345-745-7630 ​ Email: admin@pensions.ky Trustees/Plan Management Unit 4-107 Governor's Square West Bay Road. P.O. Box 1000. Grand Cayman KY1-1102 ​ Saskia Stevenson: 345-743-9125 Randall Fisher: 345-743-9130 Email: pensions@chamberpension.ky We're here to help! Fill out the form if you have any questions, and we'll get back to you as soon as possible. First Name Last Name Email Subject Message I want to subscribe to the newsletter. Submit Thanks for submitting!

Resource Centre Retirement Savings Arrangement (RSA) drawdown schedule Fund Fact Sheets Chamber Pension's Lifecycle Funds use professionally determined investment mixes that are tailored to meet investment objectives based on various time horizons. The objective is to strike an optimal balance between the expected return and risk associated with each fund. Lifecycle Funds make the investing process easy, because you do not have to figure out how to diversify your account, or how and when to re-balance. ​ You can check on the performance of your fund at any time by reading the latest Fund Fact Sheet here. 2023 March June September December 2022 March June September December 2021 March June September December 2020 March June September December 2019 March June September December 2018 March June September December 2017 March June September December 2016 March June September December 2015 March June September December Fund Fact Sheet

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Lifecycle Funds Portfolio Holdings Chamber Pension's Lifecycle Funds use professionally determined investment mixes that are tailored to meet investment objectives based on various time horizons. The objective is to strike an optimal balance between the expected return and risk associated with each fund. Lifecycle Funds make the investing process easy because you do not have to figure out how to diversify your account or how and when to re-balance. ​ You can check on the performance of your fund at any time by reading the latest Fund Fact Sheet here . 2024 March 2023 March June N/A December 2022 N/A N/A September December Portfolio Holdings

Trustee Candidates Extraordinary General Meeting (EGM) 2023 Trustees standing for re-election. About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More Candidates interested in becoming a Trustee of the Plan About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More

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Our Pension Funds About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More

Latest February NAVs Available: Chamber Pension Fund's February 2024 Performance HOW TO ENROLL WITHDRAWAL OPTIONS MEMBERS FORMS MEMBERS FAQ's Welcome to the Chamber Pension Plan. If you are new to the Chamber Pension Plan, our member guide provides you with everything you need to know about pensions in the Cayman Islands, as well as how the plan operates. The member guide also covers: Your expected contributions, either as an employee or an employer Who the investment managers and plan administrators are Information on making additional voluntary contributions How to withdraw your pension to build or buy a home What to expect when retiring Please contact admin@pensions.ky with any questions. Member Guide We are driven by individuals whose core values include integrity, prudence and creating peace of mind for our members. Pension 101 About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More

How to Enrol Employee Your employer will ask you to complete and sign an Employee Enrolment Form (if they do not, please ask them for a form). They will also ask you to provide a copy of your passport. ​ If you have worked for an employer in the past that was part of the Chamber Pension Plan at the time (not just your last employer, but any employer in their past) it is important to advise your new employer so they can complete the form with your membership number. This will ensure that your new contributions will be added to your previous contributions. ​ Your employer will then send the signed form to the Administrator, to complete the enrolment process. New applications are processed within 30 days (subject to review and receipt of all necessary documents). ​ Upon completion, notification of membership will be sent to both the employer and member. Self-Employed All self-employed persons must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. There are a number of special considerations that relate to self-employed members of the Chamber Pension Plan. ​ To join the Chamber Pension Plan, contact the Administrator to request the necessary forms. The main form is the New Employer Application Form. This is the same form that is completed by employers joining the pension plan. The Employer Application is supplemented by the Deed of Adherence which, when signed by the self-employed person, binds the person to the terms and conditions laid out in the Declaration of Trust for the pension plan. After completing the forms, return them to the Administrator. The Administrator will liaise with the Department of Labour and Pensions to then complete the application process. Making contributions as a self-employed member Contributions can be made in three ways: By setting up a standing order with your bank to transfer a fixed amount of money from your account to the Chamber Pension Plan account automatically each month. The amount transferred must comply with the minimum contribution rates outlined in the law. When setting up the standing order, the name of the account at Butterfield Bank (Cayman) Limited is “The Cayman Islands Chamber Of Commerce Pension Plan” and the account number for KYD is “02-201-070310?; and for USD is “01-201-070310”. By completing a Butterfield Bank (Cayman) Limited Chamber Pension Plan Deposit Slip (available at the Administrator’s office – 90 North Church St. 2nd Floor or the bank branch) and mailing it, along with your contribution cheque, to the Administrator. When completing the Deposit Slip, use reference number "1111" in place of the Company number, as well as your membership number. Your name should also be entered in place of Company Name; By completing a Butterfield Bank (Cayman) Limited Chamber Pension Plan Deposit Slip (available at the Administrator’s office – 90 North Church St. 2nd Floor or the bank branch) and making your contribution in person by cheque or at the bank. To become a member of the Chamber Pension Plan, please fill out and return the New Employer Application Form. Enrollment Form New Employer Application Form

Employer Contribution Records 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: About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More Calculate and record the contributions The Employer Contribution Record is used to calculate and record the contributions being made by and on behalf of each employee. Employers must complete this monthly, and send a cheque for the total contributions payable to the Cayman Islands Chamber of Commerce Pension Plan, along with two copies of the Contribution Record to the Administrator. ​ Payments can either be made in CI or USD, and Butterfield’s Deposit Slip for the Chamber Pension Plan has been designed to facilitate contributions in both CI and US dollars (available at the Administrator’s office or the bank branch). The deposit slip allows US dollars to be converted at a rate of 0.83333 CI dollars for each US dollar. ​ The most efficient way to make payments is through Butterfield online – if you have a Butterfield account, payment of your monthly contribution can easily be made with Butterfield’s online banking service. To set up payments, simply sign-on, select Register Utility / Common, Chamber Pension Plan for the list of registered companies, add references and save (register payee). Once you have registered the Chamber Pension Plan as a payee, you have the option of making payments either as a Third Party payment or a Utility/Common payment, then forward the supporting Contribution Record by email to admin@pensions.ky . ​ Alternatively, you can complete the contribution record, print two copies and bring your contribution cheque, along with a completed Butterfield Deposit Slip for the Chamber Pension Plan, to any Butterfield branch. You can also mail your contribution record and cheque, along with a completed Butterfield Deposit Slip for the Chamber Pension Plan, directly to the Administrator. ​ Note: While US dollar contributions are accepted, all correspondence (client statements, etc.) related to the Chamber Pension Plan and all withdrawals from the plan will be in CI dollars. Please ensure that the form correctly allocates the contribution between employee and employer; as well as any voluntary contributions made by on behalf of the employee. Download an Employer Contribution Record

Do you have any questions? About Your Retirement People are generally living longer, healthier lives than in the past, which means if you retire at age 65, you may spend more than 25 years in retirement. That’s a long time to live on a “basic” retirement income, so now, more than ever before, it's vital that you start saving for your retirement as soon as you can. By starting to save today, you’ll be better prepared to grow your future income and enjoy more security during all those years after you stop working. Your retirement income needs will depend on what your expenses are likely to be, but it is generally accepted that you will need between 70% and 85% of your pre-retirement income to live comfortably in retirement. Your Contributions If you are employed in the Cayman Islands, both you and your employer must contribute towards your pension. The contributions that both of you make are related to your total earnings. Total earnings include salary, wages, leave pay, fees, commission or gratuity, as well as bonus payments that are more than 20% of your basic pay. Earnings do not include severance payments, retirement long service recognition payments, and health insurance premiums that are paid by the employer. Anyone earning more than CI$87,000 is not required to make pension contributions on the amount of earnings above CI$87,000 in a calendar year, although they may choose to do so voluntarily. Employers are only obligated to make contributions on the first CI$87,000 of income. Every self-employed person must contribute a sum equivalent to 10% of their earnings up to CI$87,000 at a minimum. Employers are required by law to contribute an amount that is no less than 5% of your earnings. As an employee, you should not be required without your consent to pay more than 5% of your earnings. The employee’s contributions must be deducted at regular intervals, and together with the employer’s contribution, paid directly into the pension fund. Contributions must be made within 15 days of the last day of the month in which the contributions were due. Late contributions will be subject to interest. Eligibility By law, every employer in the Cayman Islands has to provide a pension plan for its workers. Those that don’t are committing an offence and can be heavily fined. This means that anyone working between the ages of 18 and 65 must be a member of a recognised pension plan, even if they are self-employed, working part-time, are casual workers, probationary staff or on short-term contracts; in fact, anyone working must have a pension plan. If someone has more than one employer, then each employer must pay into the employee’s pension plan. Expatriates are allowed an initial nine months (grace period) before legally having to begin paying pensions. If you leave the island between employers for more than six months, then your 9-month grace period starts over. The only people excluded are employees who are non-Caymanian or non-Permanent Residents who are employed as a "household domestic" (e.g. maid or a gardener) in a private residence. You can also visit www.dlp.gov.ky for more information about pensions in the Cayman Islands and download a copy of the National Pensions Law. Basic Contributions The money that each of you deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name, and then it’s invested into one of our Chamber Lifecycle Funds. Which Fund your money gets deposited into depends on your age on the date you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible. How your money is invested changes over time, with the type of investments reflecting how long you have until you reach the normal retirement age, according to the National Pensions Law. Lifecycle funds take the guesswork out of investing, because they automatically adjust the allocation of assets they invest to reflect your evolving investment needs and goals. Additional Voluntary Contributions (AVCs) If you want to take less risk than the asset allocation suggested for your target year, you could allocate your Additional Voluntary Contributions (AVCs) to a more conservative lifecycle fund. You also have the option to invest your AVCs in a more aggressive portfolio if you are willing to take more risk. With AVCs, you contribute as much – or as little – as you like. There’s no maximum and no minimum. Plus, you can save a different amount each month if you want, based on what you can afford. You decide how to invest your AVCs. Choose from one of our Lifecycle Funds, all run by world-class investment managers. The National Pensions (Amendment) Law, 2016 was published in the Gazette in June 2016, however these legislative changes to the National Pensions Law did not come into effect until the date listed in the Commencement Order. In accordance with the National Pensions (Amendment) Law, 2016 (Commencement) Order, 2016, section 47 (10), which permits access to additional voluntary contributions ("AVC"), came into effect on the 31st March, 2017. Section 47 (10) allows pension plan members to access their AVC, prior to reaching the normal age of pension entitlement, under four categories: medical purposes, temporary unemployment, housing purposes and educational purposes. If the member has AVCs that they have not accessed prior, the AVC can be paid as a lump sum when the member reaches the normal age of pension entitlement. Know Your Rights: National Pensions Law As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. Specific aspects of this Amendment as indicated by the National Pensions (Amendment) Law, 2016 (Commencement) Order 2016 are in force. Please note the National Pensions Law (2012) remains in effect and employers, employees, as well as pension plan administrators and members are expected to comply with those requirements in addition to those sections of the National Pension (Amendment) Law 2016 that are in force. Fees and Charges We do not charge fees to join or leave the Chamber Pension Plan. In addition, we don’t charge monthly account maintenance fees. As a not-for-profit entity, the only fees we charge are used to pay expenses related to the management and administration of the Plan. The performance of the Chamber Pension Plan is reported after all fees. There are no hidden fees. The most recent audited expense ratio containing all expenses of the Plan, was 0.80% as of June 2020. How to Read Your Member Statement You can check your Chamber Pension Plan statement online at any time: just enter your user name and password on the Membership Log-In page. If you do not have a user name and password, contact the Administrator. Alternatively, you can review your semi-annual statement, which you will receive by mail. Read More