In 1998, the Cayman government enacted legislation that requires all employers to provide their workers with pension benefits. Under the National Pensions Law, a pension plan must be registered and meet certain provisions.
Silver Thatch was established in 1997 to meet the requirements of that new legislation. Today, the Silver Thatch Pensions Plan is one of the largest pension plans in the Cayman Islands.
At the heart of Silver Thatch is a defined contribution pension plan. Under this programme, employees and their employer make contributions based on employees’ earnings. These are referred to as basic contributions.
View the plan details for more information.
